Prometheus Group Acquires Pipeline Group, Inc. and Sage Technology
Press Releases — Jun 05, 2017
Raleigh, NC: Prometheus Group, an industry leading provider of software solutions that enable best practices for maintenance and operations in asset-intensive industries, announced today that it has acquired Pipeline Group, Inc and Sage Technology. Pipeline Group, Inc. is a Santa Ana, California-based company that focuses on solutions that allow asset-intensive organizations to better plan, schedule, manage and execute shutdowns/turnarounds and capital projects. Sage Technology is an Australia-based company focused on industrial safe work solutions including electronic permit to work, risk assessment, and job monitoring.
These complementary acquisitions build upon Prometheus Group’s strategy to provide a completely unified planning, scheduling and work management and execution solution for industrial work in asset-intensive industries.
“The combination of Sage’s digital safe work solution with Prometheus Group’s existing product suite enables us to bridge the gap between maintenance and operations teams, while improving safety and efficiency on the plant floor. At the same time, with the addition of Pipeline’s Maxavera® and Syntempo® products to our existing suite, we can now offer our customers a fully integrated solution engineered to manage even the largest and most complex shutdown/turnaround projects,” said Eric Huang, founder and CEO of Prometheus Group.
“Joining these solutions will allow maintenance and operations teams to better operate in conjunction, and send current pen and paper-based processes to the wayside,” added Jeff Kinard, Prometheus Group’s VP of Professional Services. “We will now be able to provide the same high-quality user experience and training regardless of the customer’s ERP environment. It is a great way to deliver consistent usability while also unifying the customer’s backend systems with all projects handled by a single end-to-end solution that leverages the ERP system as the “single source” of truth.”
Key leaders from the Pipeline and Sage teams will continue to serve the combined company and play important roles in broadening Prometheus Group’s best-in-class software solutions going forward.
Terms of the acquisitions were not disclosed. Pipeline was advised by Corum Group and Stradling Yocca Carlson & Rauth, P.C. Sage Technology was advised by Macpherson Kelley. Prometheus Group was advised by Paul Hastings LLP and Piper Alderman.
About Prometheus Group Prometheus Group is a leading global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. For more information, please visit www.prometheusgroup.com.
About Pipeline Pipeline provides solutions that help companies optimize their Enterprise Asset Management business processes with specialized products and services that enable organizations to improve critical planning, scheduling, and work execution processes related to maintenance, capital projects, and programs. Pipeline provides integrations and solutions that augment the capabilities of leading EAM systems and tools, including SAP PM, IBM Maximo, Oracle EAM, Ventyx Passport and Oracle Primavera.
About Sage Technology Sage Technology has been Australia’s leading electronic permit to work software developer since 1998. Sage’s safe work systems bring safety, efficiency and accountability to thousands of job sites across the globe in industries including mining, power, coal, manufacturing, oil, gas, paper, water and services industries.