Matrikon acquires Resolution Integration Solutions
Underlying the acquisition is the merger of select portions of the two companies’ software products. Matrikon's real-time data access and Web visualization will be complemented by RSI’s data infrastructure, which is said to aggregate data from disparate applications, act as a data repository, and provide comprehensive audit capability for all data. According to Matrikon, the result of this technology merger is a platform that delivers integrated plant intelligence and a single version of auditable master data. Having access to an auditable master data set helps address manufacturers increased regulatory compliance and security issues, as well as the need for reliable and accurate data to ensure appropriate business decision-making.
This infrastructure will form the framework of Matrikon's industry-based solutions, the company reports.
Matrikon has been an integration partner of RIS for the past five years and will continue to deploy RIS software for new customers and support the existing client base. RIS' business will continue under the Matrikon U.S. subsidiary, Matrikon International Inc. RIS's client base of 1,200 users is predominantly in the chemical, petrochemical, gas processing, and refining industries.
Matrikon paid approximately USD$919,000 by the issuance of 328,266 Matrikon common shares (subject to adjustments and holdbacks) for the net assets of RIS. These assets include the RIS plant information system software and customer support contracts.
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