OSIsoft’s data management software will complement Aveva’s comprehensive end-to-end engineering, operations, and performance offerings.

Aveva and OSIsoft have announced an agreement for Aveva to acquire OSIsoft for $5.0 billion. Aveva and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent requirements for customers.
OSIsoft's data management software will complement Aveva's comprehensive end-to-end engineering, operations, and performance offerings. Integrating OSIsoft's PI System into Aveva's comprehensive software portfolio will create an integrated data foundation that can drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. This combination enables Aveva to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies.
Together, Aveva and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening Aveva's position as a global leader in industrial software. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on foundations of customer centricity and world-class talent. In addition to sharing a complementary solutions portfolio, this transaction further validates Aveva's leading position in digitization and IIoT.
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