As demand for innovative, scalable asset performance management (APM) platforms rises, Black & Veatch has sold Atonix Digital LLC, a software company focused on operational intelligence for resource intensive industries to the management team of Atonix Digital. The sale, three years after the launch of Atonix Digital as a wholly owned subsidiary, will enhance the software company’s flexibility and further accelerate its growth opportunities in serving the expanding digital infrastructure economy.
The decision to transition Atonix Digital to an independent software company comes as the use – and promise – of operational intelligence is growing across the spectrum of utilities and other energy and water intensive enterprises.
Launched in 2018, Atonix Digital leveraged Black & Veatch’s ASSET360® data analytics platform to improve processes ranging from performance monitoring of critical assets, preventing failures and improving operational efficiency at asset-heavy facilities. The company now serves a range of clients from large power generation and industrial facilities to water and wastewater treatment plants by integrating and analyzing data to generate actionable information that sharpens planning insight and opex/capex decision making.
“Atonix Digital has been pushing the limits of scalable, easy-to-implement software to help proactive clients manage power and water resources across a broad array of industry verticals,” said Paul McRoberts, Atonix Digital’s president. “We believe the time is right to transition to a free-standing software entity as this spinoff provides greater flexibility in pursuing new and emerging markets, as well as giving clients more tailored solutions that take the guesswork out of managing their asset performance.”
Since its launch Atonix has been committed to extending its network of partners and value-added resellers (VAR) that offer its line of ASSET360®-powered performance management products, broadening the company’s reach into such markets as food and beverage, consumer products, pharmaceuticals, and petroleum and chemical processing. In that regard Black & Veatch will remain an active partner/value added reseller of Atonix Digital’s ASSET360® platform and Black & Veatch will continue to provide monitoring, diagnostic and maintenance services to clients globally.
“More than ever, organizations pressured by limited capital, intensifying customer expectations, and growing commitments to sustainability view asset performance management systems as critical to their success,” said Marty Travers, Black & Veatch group president. “The demand for software and data solutions that will help achieve these goals and reduce maintenance costs won’t abate any time soon, and Atonix is poised to expand rapidly by helping enterprises get the most out of their critical infrastructure systems.”
“Black & Veatch saw an exciting market opportunity and helped establish Atonix Digital as an industry recognized leader in the APM space,” added McRoberts. “We look forward to them continuing as a strategic partner in the years ahead.”