ABB adds BI to s/w offering with Obvient acquisition

ZURICH, SWITZERLAND: ABB, the leading power and automation technology group, has agreed to acquire Obvient Strategies Inc., a privately owned specialist software provider, adding Obvient’s solutions to its recently acquired Ventyx software portfolio.

The transaction will further enhance ABB’s software offering for asset management, power distribution automation and smart grid applications, said a press release.

Obvient’s business intelligence software collects, analyzes and reports critical real-time as well as periodic information supporting decision making and helps users to optimize operations.

As well as helping to manage complex operations, the solutions also reduce operating costs and improve asset reliability enabling companies to monitor and manage their distributed assets more effectively, on a real-time and event-driven basis, added the release.

"The Obvient portfolio is highly complementary to our own software solutions for the power sector," said Jens Birgersson, head of ABB’s Network Management business within ABB’s Power Systems division.

Birgersson added, "It significantly strengthens our software-based solutions, enabling us to provide better service to our customers, from asset health and customer care to distribution and outage management."

“We are delighted to join the global ABB family. This move will enable Obvient to enhance support for our growing customer base while accelerating our product development initiatives,” said Ray Kasten, president and CEO of Obvient Strategies.