USA: Acquisition Emerson Takes Over K Net Software
Emerson has acquired the K Net software from Tunisia-based Integration Objects. The analytics application software enhances digital transformation for the process and hybrid industries.
USA – Emerson has recently announced that it has acquired Knowledge Net (K Net) software from Tunisia-based Integration Objects. K Net’s unique analytics application software accelerates digital transformation initiatives for process and hybrid industries.
The software is used to extract, clean, transform and analyse operational and manufacturing data. Using libraries of advanced statistical and machine-learning algorithms, the software consumes large quantities of diverse information technology (IT) and operational technology (OT) data into actionable knowledge that drives real-time decisions to improve process and asset performance.
“Emerson has had a long-standing alliance with Integration Objects and has used K Net to solve complex operational challenges for its customers,” said Pat Fitzgerald, vice president and general manager of Emerson’s reliability solutions business. “We are excited to leverage K Net’s easy-to-use advanced analytics and automated root cause identification to provide differentiated insights into operational health to improve uptime and performance.”
The software will be integrated with Emerson’s leading Plantweb digital ecosystem, which helps customers deliver measurable business outcomes from digital transformation initiatives. Combined with Emerson’s extensive Failure Modes and Effects Analysis (FMEA) Library and consulting services, K Net will enhance the comprehensive analytics solution Emerson offers to customers.
“Integration Objects is proud of K Net’s industry impact and excited to see the future of this unique software,” said Samy Achour, CEO and founder of Integration Objects. “The integration of K Net into Emerson’s Plantweb ecosystem will help companies continuously improve their operations by making informed decisions with the latest real-time data and expert knowledge, and migrate from reactive to proactive operations.”
“The acquisition of K Net’s application software will further enable Emerson to deploy our industry expertise and solution capabilities to help customers decrease energy use and increase safety, asset availability and production,” said Jim Nyquist, group president of Emerson’s systems and solutions business.
In addition, Emerson will hire several team members from Integration Objects and open a new branch office in Tunis, Tunisia, to support the integration of K Net.