Acquisitions empowers the Deployment of AI-powered Applications as well as the Visualization of Information and Analytics at Enterprise Scale.
Aspen Technology, Inc., a global leader in asset optimization software, has entered an agreement for the acquisition of Mnubo Inc.
Mnubo Inc. is a Montreal-based supplier artificial intelligence (AI) and analytics infrastructure for the internet of things (IoT). An added advantage to this is the fact that it is purpose-built.
Mnubo powers industrial companies to put together and employ AI-driven IoT applications rapidly, at enterprise scale. The Mnubo technology will scale up the realization of AspenTech’s vision for the up and coming generation of asset optimization solutions which are known for combining deep process expertise with AI and machine learning. The acquisition is forseen to close in five business days from the 12th of July, 2019.
Asides deploying AI-powered applications, the ability to see vast quantities of information and analyzed data is crucial to the evolution of the smart enterprise. To enhance these capabilities further, AspenTech has also acquired Sabisu Ltd., a company which is based in UK and involved in the provision of a flexible enterprise visualization and workflow solution to give real-time decision support. The acquisition of Sabisu by AspenTech was in June 2019.
This acquisitions will allow AspenTech to quicken and scale up the distribution of embedded AI in its existing as well as its future solutions. By using first principle engineering models and deep process expertise combined with AI capabilities, these solutions will allow for the automation of knowledge and decision-making driven by data for continual improvement spanning across the design, operation as well as the management and maintenance of the lifecycle of industrial assets.