Prometheus Group Acquires Sage Technology
Raleigh, NC: Prometheus Group, an industry leading provider of software solutions that enable best practices for maintenance and operations in asset-intensive industries, announced today that it has acquired Sage Technology, an Australia-based company focused on industrial safe work solutions including electronic permit to work, risk assessment, and job monitoring. Sage Technology’s software helps customers identify and track potentially dangerous work-site situations and covers the entire safe work process – identifying potential hazards, creating safety checklists, and ensuring the correct paperwork has been completed and submitted.
“Work site safety is a key concern for all of our customers” said Eric Huang, founder and CEO of Prometheus Group. “By incorporating Sage Technology’s solutions into our existing product suite we are continuing to execute on our strategy of providing a completely unified planning, scheduling and work execution solution. This addition presents an incredible opportunity to bridge the gap between maintenance and operations teams, while improving safety and efficiency on the plant floor.”
“The majority of companies are handling safe work permits today with paper-based solutions” added Jeff Kinard, Prometheus Group’s VP of Professional Services. “Prometheus Group conducted an exhaustive two-year search for a best-in-class safe work system to become part of the Prometheus family and we are confident that Sage Technology is that solution.”
The combined company will use the Prometheus Group name and will be led by Mr. Huang. Former Sage Managing Director Lynda Bertoli is retiring 27 years after starting Sage Technology. Bertoli commented, “After visiting and getting to know Prometheus Group we realized they were the perfect fit to expand the reach of Sage Technology’s safe work software products to the worldwide market.” Sage Technology Director Peter Kingwill has been named Prometheus Group’s Vice President, Electronic Permit to Work and will remain with the combined company moving forward.
Sage Technology was advised by Macpherson Kelley, Prometheus Group was advised by Piper Alderman.
About Prometheus Group
Prometheus Group is a leading global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. For more information, please visit www.prometheusgroup.com.
About Sage Technology
Sage Technology has been Australia’s leading electronic permit to work software developer since 1998. Sage’s safe work systems bring safety, efficiency and accountability to thousands of job sites across the globe in industries including mining, power, coal, manufacturing, oil, gas, paper, water and services industries.