WOBURN, Mass. — Symphony IndustrialAI announced today the acquisition of IIoT and digital workflow orchestration participant Savigent. This acquisition further advances Symphony IndustrialAI’s initiatives into plant and supply chain processes. The combination of Savigent connected factory and process optimization capabilities and Symphony IndustrialAI solutions based on its advanced EurekaAI technology platform will help process and discrete manufacturing customers significantly improve process efficiency, yields, quality, and energy consumption.
“Savigent has experienced tremendous growth over the last few years, and the combination of the Savigent process optimization platform and Symphony IndustrialAI’s EurekaAI platform and solutions will increase value for Savigent customers,” said Symphony IndustrialAI Chief Executive Officer Dominic Gallello. “Together, we will deliver additional optimization and analytics capabilities and accelerate our global expansion. The solutions we can provide our customers, partners, and the industrial community are very compelling.”
Symphony IndustrialAI is a SymphonyAI company. The acquisition of Savigent is part of SymphonyAI’s strategy to build leading vertically focused companies that deliver the highest value to customers with next-generation AI solutions for revenue growth and operational excellence.
Bryan Cave Leighton Paisner LLP served as legal advisor to Symphony IndustrialAI in connection with the transaction. Stinson LLP and Hennepin Partners served as legal and financial advisors to Savigent.