Sphera has acquired operational risk software provider Petrotechnics, which has helped keep people safe in hazardous industries such as oil and gas, chemicals and rail.
Established in 1989, Scotland-based Petrotechnics works to enable its clients to connect their operations, maintenance and planning processes with frontline risk mitigation software to reduce operational threats.
Sphera president and CEO Paul Marushka said: “Sphera’s acquisition of Petrotechnics expands our base of Operational Risk solutions through applications digitising and visualising risks at the operational level with real-time data from industrial internet of things devices.
“This acquisition builds upon our SpheraCloud product in extending our Integrated Risk Management solution, from risk identification to risk mitigation.”
Petrotechnics software solutions offer data visualisation, configurable workflows, real-time analysis and insights to the companies.
In addition, its experienced leaders offer professional services to the companies.
Petrotechnics CEO Phil Murray said: “With Sphera’s longstanding expertise and total commitment to Operational Excellence, Petrotechnics decision to become a part of the Sphera suite of products and services was an easy one.
“The combination of our software with Sphera’s solutions will help both our customers and Sphera’s clients enhance their ability to mitigate risks across their global operations.”
Sphera focuses on providing integrated risk management software and information services to increase operational safety.
In the last 30 years, Sphera has catered to more than 3,000 customers and around one million individual users across 70 countries.