Sphera, a Chicago-based provider of integrated risk management software and information services, has announced the acquisition of Petrotechnics, a provider of operational risk software for hazardous industries.
Scotland-based Petrotechnics was established in 1989 and has helped keep people safe in hazardous industries, such as oil and gas, chemical and rail, among others.
“Sphera’s acquisition of Petrotechnics expands our base of operation risk solutions through applications digitising and visualising risks at the operational level with real-time data from industrial internet of things devices,” said Paul Marushka, Sphera’s President and CEO.
“This acquisition builds upon our SpheraCloud product in extending our integrated risk management solution from risk identification to risk mitigation,” Maruska continued.
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