Interesting move in the world of industrial analytics...
Eyes on market... TrendMiner today acquired by Proemion of Fulda, Germany for €47m (per @realdeals.eu.com). Trendminer was put up for sale in December by Software AG's new owners (Silver Lake); it was acquired by Software AG in June 2018 for about €30M (with €5M in considerations). Proemion is new to me: founded in 1987, rec'd a €33.5 M investment from Battery Ventures in October, 2022, they have "existing analytics capabilities for critical industrial equipment, which help equipment manufacturers and operators gather machine data remotely and continuously to maximize uptime and performance." So it sounds a bit like the same idea as Software AG had in acquiring Trendminer and an IoT platform (Cumulocity IoT) in 2018. Battery Ventures and Proemion, Insight Partners recapitalizing manufacturing software aggregator Advantive in September, 2023. Hmmm. Link: https://lnkd.in/gHcSJKvP