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Prometheus Group acquires companies

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World Pipelines,

Provider of software solutions that enable best practices for maintenance and operations in asset-intensive industries, Prometheus Group has acquired Pipeline Group, Inc and Sage Technology. Pipeline Group, Inc. is focused on solutions that allow asset-intensive organisations to better plan, schedule, manage and execute shutdowns/turnarounds and capital projects. Sage Technology (Sage) is focused on industrial safe work solutions, including electronic permit to work, risk assessment and job monitoring.

These acquisitions build upon Prometheus Group’s strategy of providing a completely unified planning, scheduling and work management and execution solution for industrial work in asset-intensive industries, including the energy industry.

“The combination of Sage’s digital safe work solution with Prometheus Group’s existing product suite enables us to bridge the gap between maintenance and operations teams, while improving safety and efficiency on the plant floor. At the same time, with the addition of Pipeline’s Maxavera® and Syntempo® products to our existing suite, we can now offer our customers a fully integrated solution engineered to manage even the largest and most complex shutdown/turnaround projects,” said Eric Huang, founder and CEO of Prometheus Group.

“Joining these solutions will allow maintenance and operations teams to better operate in conjunction, and send current pen and paper-based processes to the wayside,” added Jeff Kinard, Prometheus Group’s Vice President of Professional Services. “We will now be able to provide the same high quality user experience and training regardless of the customer’s ERP environment. It is a great way to deliver consistent usability while also unifying the customer’s backend systems with all projects handled by a single end-to-end solution that leverages the ERP system as the ‘single source’ of truth.”

Key leaders from the Pipeline and Sage teams will continue to serve the combined company and play important roles in broadening Prometheus Group’s best-in-class software solutions.

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