Prometheus Group acquires S&V
RALEIGH, North Carolina, February 23, 2022 /PRNewswire/ — Prometheus Group, a leading global provider of asset management operations and optimization software, announced the acquisition of S&V, a leading provider of data and technology solutions for various industries such as manufacturing, airlines, utilities, and oil and gas.
S&V has spent over 13 years helping customers discover and maximize the value of their material data.
“The acquisition of S&V by the Prometheus Group is part of our continued commitment to providing world-class solutions to help our customers streamline their master data governance,” said Eric Huang, CEO of Prometheus Group. “S&V’s team and technology will be an integral part of our Master Data as a Service (MDaaS) offering as we seek to continue to revolutionize the way customers approach master data management.”
“We are thrilled to join the Prometheus Group family,” said Srihari Prahalad, CEO of S&V. “The Prometheus Group is a leader in Master Data as a Service solutions, and we are excited to contribute our data governance methodology, migration systems and AI-based capabilities to expanding the concept of MDAAS that meets at the data critical points of all customers. We look forward to augmenting Prometheus Group’s integrated asset management platform.”
The acquisition of S&V represents Prometheus Group’s eighth since its acquisition by Genstar Capital in 2019.
Financial terms of the acquisition are not disclosed.
About Prometheus Group
Prometheus Group is one of the world’s leading providers of comprehensive, intuitive plant maintenance operations and optimization software, with a broad platform of solutions to meet the unique idiosyncrasies and requirements of heavy asset operators. . Prometheus Group’s interconnected platform enables changes to be communicated in real time across an organization, improving workforce efficiency and increasing production availability.
Learn more about Prometheus Group here and connect on LinkedIN, Twitterand YouTube.
S&V provides end-to-end data management solutions. Their master data services ensure data quality with high levels of maturity, provide industry-standard structures and taxonomies, effectively govern enterprise data, and rely on integrated systems and appliances to unlock the potential of data and improve business processes. S&V’s years of experience translated into technology solutions, as well as services, is a compelling solution, becoming a one-stop-shop for all enterprise data needs.
Learn more about S&V here and connect on LinkedIN and YouTube.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and network of strategic advisors to transform its portfolio companies into industry-leading companies. Genstar currently has approximately $33 billion in assets under management and is targeting investments focused on targeted segments within the financial services, industrials, healthcare and software sectors.
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SOURCE Prometheus Group