Wednesday, July 11, 2007

Invensys Aquires Cimnet

Last week Invensys announced completing the acquisition of Cimnet.
Invensys today announced that it has completed the acquisition of Cimnet, Inc (OTC BB: CIMK), a Manufacturing Execution System ("MES") software company based in Pennsylvania, USA, and this acquisition is now being fully integrated into the Wonderware software business unit of Invensys. This acquisition has closed under the terms of the original agreement that was announced on May 3, 2007.

Existing Cimnet offerings will continue to be made available and enhanced for customers under the Wonderware Factelligence and the Wonderware DNC Professional brands. In addition, the acquired MES technology offerings are being integrated with Invensys' open industry standard based, ArchestrA technology, to ensure rapid deployment and ease of use by the large Invensys and Wonderware installed base of over 100,000 plants around the world.

Wonderware is one aquistion of Invensys that has enjoyed dramatic growth after being aquired by Invensys. If there is any such thing in this industry its become the defacto standard.

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