SolveIT bought by Schneider Electric

By Ry Crozier on Sep 3, 2012 9:44 AM
Filed under Software

Adelaide mining, supply chain software maker snapped up.

Adelaide software maker SolveIT has been snapped up by French industrial giant Schneider Electric.

SolveIT makes demand planning and forecasting software that is used by a vast array of mine, industrial and supply chain-oriented companies, including Rio Tinto, BHP Billiton, Fortescue Metals Group, Xstrata, BMA Coal and Incitec Pivot.

The software maker issued a brief statement confirming the buyout, but did not provide detail on how it would integrate with Schneider Electric, other than to say that its tools would be combined with Schneider's production analytics software and presented as a single "platform".

"The combined platform will enable customers to deliver more from their existing assets than ever before and thereby maximise profitability per unit output," SolveIT said.

Aside from demand planning and forecasting, SolveIT has a portfolio of mining systems that include exploration management and mine-to-port logistics optimisation.

SolveIT founder Matthew Michalewicz would stay with the company post-acquisition, AdelaideNow reported.

The firm is to stay headquartered in Adelaide and "would be heavily focused on mining initially", the report said.

 
Follow us on Facebook and Twitter
 

Copyright © iTnews.com.au . All rights reserved.

SolveIT bought by Schneider Electric
 
 
 
 
 
Top Stories
Data#3's John Grant to step down
Channel leader names successor.
 
10 things we learned this week
Cloud is closer to God than on-prem.
 
Photos: Naval-gazing at Avnet's pirate party
Who dressed up for the distie's end-of-year bash on Sydney Harbour?
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
What would help your business most?


Latest Comments
CRN Magazine

Issue: 333 | November 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.