Siemens buys IndX to boost process management in oil and gas
Aliso Viejo, CA; Alpharetta, GA—Siemens Energy & Automation reports that it's purchasing IndX Software Corp. to help it expand its range of IT solutions for industrial management in the process industries, especially in the oil and gas sector.
Aliso Viejo, CA; Alpharetta, GA— Siemens Energy & Automation reports that it's purchasing IndX Software Corp. to help it expand its range of IT solutions for industrial management in the process industries, especially in the oil and gas sector. Terms of the agreement were not dis-closed.
IndX suppliestly to 'IndX Software Corp.—A Siemens Company,' and it will be organizationally consolidated part of Siemens Energy & Automation Inc.
IT solutions for industrial management represent a strategic business activity for Siemens in the high-potential oil and gas sector. 'By acquiring IndX's software solutions, Siemens is expanding its IT portfolio and enhancing its market position in the oil and gas sectors,' says Joergen Ole Haslestad, president of Siemens Industrial Solutions and Services Group.
'This acquisition is a logical next step in our growth and assures that IndX will be able to expand its range of software solutions as well as its position in the market,' adds Matthew Witte, IndX's president and CEO. “Siemens recognized the tremendous business value of Operations Intelligence as we worked side-by-side on global implementations during the past year. With the extension of our partnership as a Siemens company, and the addition of the company’s technological expertise and worldwide presence, IndX is well positioned for the future.”
Established in 1996, IndX specializes in delivering operations intelligence. The company helps large industrial manufacturers get more value out of existing investments in plant automation and IT. Its XHQ operations intelligence platform provides a common view of all critical business and transactional data from disparate sources throughout the enterprise, enabling plant floor and operations personnel, as well as senior management, to monitor real-time performance against business goals, and make more informed decisions about plant operations that positively impact the bottom line. IndX adds that it has
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Jim Montague, news editor