With a look to broaden its software capabilities in the power, and oil and gas industries, GE Intelligent Platforms (www.ge-ip.com), a Charlottesville, Va.-based automation supplier, gains a proven player with the acquisition of privately-held SmartSignal Corp. (www.smartsignal.com). Based in Lisle, Ill., SmartSignal specializes in providing remote monitoring and diagnostics solutions and has more than 40 product and technology patents in the predictive modeling space.
SmartSignal is known for its flagship EPI*Center software, and its “similarity-based modeling,” which emphasizes real-time equipment monitoring based on trends stored in historians. The company’s products are device-agnostic and are found on equipment from GE, Siemens, Rolls Royce, Alstom, Flowserve, Waukesha, Byron Jackson and others.
Jim Gagnard, president and chief executive officer (CEO) of SmartSignal, says, “With GE’s commitment to solving difficult challenges in today’s business environment, we believe our solution can help provide a holistic approach to operational intelligence across many industries no matter what type of equipment the customer is trying to manage.”
“SmartSignal is a recognized leader and innovator with technology that detects looming equipment problems early. The acquisition complements GE’s existing capabilities in diagnostics and equipment analytics,” says Maryrose Sylvester, president and CEO of GE Intelligent Platforms.
GE adds that the acquisition is a good fit with the company’s Proficy architecture. Terms of the deal, announced on Jan. 6, were not disclosed.
GE Intelligent Platforms
www.ge-ip.com
SmartSignal Corp.
www.smartsignal.com
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