ABB has agreed to acquire Obvient Strategies Inc., a privately owned specialist software provider based in Alpharetta, Georgia, 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.
Obvient offers software and services for industries and utilities with geographically dispersed assets. The company’s business intelligence software collects, analyzes and reports critical real-time as well as periodic information. This supports decision making and helps users to optimize operations. As well as helping to manage complex operations, the solutions can also help reduce operating costs and improve asset reliability. Obvient’s products compile the power transmission and distribution sector’s best business practices into prepackaged solutions. This enables companies to monitor and manage their distributed assets more effectively, on a real-time and event-driven basis.
“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.
ABB plans to retain the Obvient team and place its executives in key roles within the Ventyx product management organization. The company has offices in Alpharetta, Georgia, near Atlanta, and a staff of 40.