Home >Yokogawa acquires cloud data service provider
Yokogawa acquires cloud data service provider
13 January 2016
Yokogawa Electric Corporation has announced the acquisition of Industrial Evolution Inc., a provider of cloud-based plant data sharing services, to strengthen its provision of advanced solutions to the process industries.
The acquisition was carried out through Yokogawa Venture Group Inc., a wholly owned Yokogawa subsidiary that was recently established for the purpose of executing strategic mergers and acquisitions for the industrial automation and control business.
Based on Industrial Evolution’s cloud business environment, Yokogawa will provide Data-as-a-Service (DaaS - a cloud-based service for the provision of data that facilitates its use as a management asset), an advanced solution that will generate new value for its global customer base.
Using its cloud-based DaaS technology, Industrial Evolution collects real-time process data from devices and systems at a variety of industrial facilities, and provides this in a direct or customised form to the companies that operate such facilities as well as their customers and vendors. Industrial Evolution’s service is capable of collecting data from firewall protected systems and securely shares this with authorised users via website or mobile access.