Symphony IndustrialAI Acquires Digital Manufacturing Leader Savigent
March 9, 2021 | PRNewswireEstimated reading time: 1 minute
Symphony IndustrialAI announced today the acquisition of IIoT and digital workflow orchestration leader Savigent. This acquisition further advances Symphony IndustrialAI's initiatives into plant and supply chain processes. The combination of Savigent connected factory and process optimization capabilities and Symphony IndustrialAI solutions based on its advanced EurekaAI technology platform will help process and discrete manufacturing customers significantly improve process efficiency, yields, quality, and energy consumption.
Customers realize tremendous value through Savigent's ability to easily and quickly connect disparate systems and equipment within factories, provide the required visibility to enable improved decision-making, and drive costly variability and inefficiencies out of a vast array of manufacturing processes. Symphony IndustrialAI will enhance Savigent's low-code platform and real-time IoT data capture and work orchestration technologies with AI optimization technologies. Savigent will drive additional value for Symphony IndustrialAI's existing condition monitoring, asset performance management, and predictive maintenance solutions.
"Savigent has experienced tremendous growth over the last few years, and the combination of the Savigent process optimization platform and Symphony IndustrialAI's EurekaAI platform and solutions will increase value for Savigent customers," said Symphony IndustrialAI Chief Executive Officer Dominic Gallello. "Together, we will deliver additional optimization and analytics capabilities and accelerate our global expansion. The solutions we can provide our customers, partners, and the industrial community are very compelling."
"The Savigent platform is a critical component in driving IT-OT convergence as it provides the required visibility across manufacturing operations and the ability to deliver higher-value applications. The demand for solutions to rapidly transform manufacturing operations and achieve measurable benefits has never been greater," said Savigent CEO Dean Truitt. "The potential to further improve process operations through Symphony IndustrialAI technologies and AI capabilities is a critical component of next-generation digital manufacturing."
"This is a tremendously exciting opportunity for both Savigent and Symphony IndustrialAI that will strengthen the ability for manufacturers to deliver on the promise of Industry 4.0," said John Dyck, CEO of CESMII, the Clean Energy Smart Manufacturing Innovation Institute. "This combination will significantly extend Savigent's next-generation manufacturing operations capabilities into AI, machine learning, manufacturing materials, and process optimization."
Symphony IndustrialAI is a SymphonyAI company. The acquisition of Savigent is part of SymphonyAI's strategy to build leading vertically focused companies that deliver the highest value to customers with next-generation AI solutions for revenue growth and operational excellence.
Suggested Items
Cogiscan Collaborates with Koh Young to Unveil How Factory Insights Software Transforms Data Into Action at IPC APEX EXPO
03/28/2024 | Koh YoungKoh Young, the industry leader in True3D measurement-based inspection solutions, is excited to announce Factory Insights, the latest offering from Cogiscan, will be demonstrated alongside KSMART in Koh Young booth 2112 during IPC APEX Expo.
ASMC 2024 to Showcase AI, Smart Manufacturing and Sustainability to Advance Chip Industry Manufacturing Expertise
03/27/2024 | SEMIMore than 125 experts will offer insights into the latest semiconductor manufacturing strategies and methodologies as hundreds of industry stakeholders gather at the 35th annual SEMI Advanced Semiconductor Manufacturing Conference (ASMC 2024), May 13-16 in Albany, New York.
NextFlex Announces $5M Education Fundraising Effort: First Spotlight - Transforming the Landscape for Women in Technology
03/27/2024 | BUSINESS WIRENextFlex Learning Programs, the education-focused arm of the NextFlex® Hybrid Electronics Manufacturing Innovation Institute, announces its first spotlight effort, “NextFlex Supports Women in STEM” to increase the number of women in STEM fields, which could accelerate U.S. GDP growth by boosting women’s cumulative earnings by $299B and adding $5.9T to the global stock market within 10 years according to S&P Global.
Don Dennison Appointed to Roll Out KIC’s Latest Thermal Analysis System Software in the Northeast
03/26/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, is pleased to announce the appointment of PIT Equipment Services, LLC, led by Don Dennison, as its representative for New York, New Jersey, and Eastern Pennsylvania.
ACDi Takes Milestone Delivery of the 23,000th Koh Young Machine
03/26/2024 | ACDiAccording to ACDi (American Computer Development, Inc.), “Flexible, reliable, and equipped to keep your project on schedule, is what you need as an electronics manufacturing services partner.”