Mincom acquired by ABB
- 09 May, 2011 16:06
- Comments 1
Brisbane-based software company Mincom has been acquired by Swiss engineering giant ABB for an undisclosed amount.
ABB agreed to acquire Mincom to broaden its software portfolio and move deeper into the enterprise asset management (EAM) software and services space.
Mincom was acquired by Francisco Partners, private equity firm, in 2007 for $315 million.
The company has 1000 employees and annual revenue of around $US200 million. Its core market is in the mining and engineering sectors.
Mincom CEO Greg Clark said ABB's interest in the business is a vote of confidence in the company’s products and growth prospects.
“By combining with ABB, Mincom customers will also benefit from ABB’s commitment to expand R&D investment in Mincom’s solutions and customer support,” Clark said.
At ABB, CEO Joe Hogan said the acquisition of Mincom is part of a strategy to broaden its software offerings.
“Mincom helps us to increase the depth of our enterprise asset management offering, building our position as a leader in the key growth sectors of natural resources and energy,” Hogan said.
ABB will retain the Mincom management team and its operations will be added to Ventyx, ABB’s dedicated software business.
Follow Rodney Gedda on Twitter: @rodneygedda
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
- Bookmark this page
- Share this article
- Got more on this story? Email CIO
- Follow CIO on twitter
-
Google Jumps Into Social Bookmarks Game
-
NBN build gaining momentum daily: Quigley
-
Face Time - Interview with John Brennan and Robert DiStefano
-
Monday Grok: Will Siri crack the walls of GOOG?
-
Face Time - Interview with John Brennan and Robert DiStefano
-
Business Process Management, Service-Oriented Architecture, and Web 2.0: Business Transformation or Train Wreck?
As a result of more and more organisations adopting new technologies and business practices surrounding BPM, SOA, and Web 2.0, fundamental changes have arisen in the way IT and business stakeholders work together. Make this into an opportunity - read on. -
Maximise Software Cost Savings by License Reharvesting, Recycling & Applying Product Use Rights
Software asset management (SAM) is a complex process that enables organisations to gain control of their software estate from both a license compliance and financial standpoint. In many organisations, SAM represents one of the few remaining ways that substantial IT savings can be realised. McKinsey and Sand-Hill Group estimate that 30% or more of IT budgets are consumed by software license and maintenance costs. By optimising the SAM process, organisations can maximise software utilisation, reduce the risk of non-compliance (audits, fees, penalties), and reduce overall IT costs by as much as 5 to 10% per year. Read on. -
How to Choose an SMB - Unified Communications as a Service (UCAAS) Solution
The on-premise deployment of Unified Communications (UC) continues to be a source of considerable corporate angst especially for the Small to Medium Business (SMB) sector. IT research firm Gartner believes UCaaS will be adopted as an adjunct service by large enterprises and as a core service by SMBs before 2015. To help SMBs choose the best offering and develop a suitable roadmap Computerworld has prepared this special feature profiling the major offerings in the Australian market.
Get exclusive access to Invitation only events CIO, reports & analysis. 
Comments
Dave Leslie
Wonder if anyone sees the irony in that purchase? The Swiss, renowned for their enginuity, and Mincom, a useless piece of junk.
Post new comment