Schneider Electric agrees to buy InStep Software – Maintenance & Storage

Schneider Electric , a global specialist in energy management and energy efficiency leader, has reached an sane to buy InStep Software, operator leading software and solutions performance management in real-time and predictive analysis. With this acquisition, the business software company grows and expands its presence in the energy and electricity market. Transaction is expected to close in the fourth quarter of 2014, subject to customary laws and other conditions of closing of the transaction. “As with other recent acquisitions, InStep Software strengthens our portfolio segments and industries in our industry ,” says Rob McGreevy, vice president of Information, Operations and Asset Management Schneider Electric.

Based in Chicago and founded in 1995, InStep Software provides two solutions for performance management solutions in real time and predictive analytics software. The tool collects, stores, analyzes , monitors and reports real-time operational data from sensors and machines. The software monitors in real time the proper functioning and performance of critical assets using pattern recognition techniques and advanced diagnostic technology to identify subtle deviations in the operating behavior, which are often the first warning signs of an imminent failure systems. “The acquisition of InStep Software indicates our commitment to provide innovative and new and powerful technology solutions that improve efficiency, manage risk and carry an added value for the customer,” said Ravi Gopinath, Executive Vice President of Schneider Electric Global Solutions, Software Business .

The software eDNA is a powerful addition to Schneider Electric solutions and software PRiSM strengthens and improves information and software offerings asset management company. Most of the most successful companies in the world use products InStep software to manage and analyze rapidly increasing amount of information related to the proper functioning of the operating assets and equipment in real time. However, their solutions also complement the Schneider Electric in other industries, including food and beverage, consumer packaged goods, metals and mining, science and water and wastewater.