OSIsoft explained

OSIsoft, LLC
Type:Private
Founder:J. Patrick Kennedy
Defunct:[1]
Fate:Acquired
Successor:Aveva
Location:San Leandro, California, USA
Key People:J. Patrick Kennedy (CEO)
Michael Siemer (President)
Num Employees:>1300 (2016)
Industry:Application software
Products:PI System PI ProcessBook PI Server PI DataLink PI Vision

OSIsoft, LLC is a manufacturer of application software for real-time data management, called the PI System. Founded in 1980, OSIsoft was privately held and headquartered in San Leandro, California. In August 2020, it was announced that the UK-based production company AVEVA agreed to buy OSIsoft in a deal worth $5 billion;[2] the purchase was subsequently completed on 19 March 2021 for a final consideration of £3,831.4 million.[3] [4]

History

On January 5, 2011, OSIsoft announced a $135 million minority investment by Technology Crossover Ventures and Kleiner Perkins Caufield & Byers.[5]

Lit San Leandro, a business associated with OSIsoft, has built a fiber-optic network in the city of San Leandro, linking high tech and other businesses. They have also proposed providing a high-speed fiber-optic network for the industrial corridor in nearby Hayward.[6]

Notes and References

  1. Web site: Completion of Acquisition of OSIsoft, LLC. 2021-09-24. tools.eurolandir.com.
  2. News: Aveva to buy US tech group OSIsoft in $5bn deal. Provan. Sarah. Fildes. Nic. August 25, 2020. Financial Times. August 25, 2020.
  3. Web site: Completion of Acquisition of OSIsoft, LLC. 2021-09-24. tools.eurolandir.com.
  4. Web site: Annual Report 2021. 24 September 2021. AVEVA.
  5. News.
  6. http://www.kqed.org/a/kqednews/RN201201180633/c KQED Jan 18 2012 OSIsoft and Lit San Leandro Bringing Fiber-Optic to Tech Firms