05-04-2019
Emerson acquires KNet software
Emerson announced today it has acquired KnowledgeNet™ (KNet) software from Tunisia-based Integration Objects. KNet’s unique analytics application software accelerates digital transformation initiatives for process and hybrid industries.
KNet 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 KNet 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 KNet’s easy-to-use advanced analytics and automated root cause identification to provide differentiated insights into operational health to improve uptime and performance.”
KNet 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, KNet will enhance the comprehensive analytics solution Emerson offers to customers.
“Integration Objects is proud of KNet’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 KNet 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 KNet’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 KNet.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Kent plays integral role in Fawley petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...
11-04-2024