Manufacturing operations management

Banneker Partners’ Portfolio Company Eyelit Technologies Acquires Optessa for Additional Efficiency and Scheduling Capabilities

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Technology, Manufacturing, Software, Finance, Other Manufacturing, Machinery, Acquisition, QMS, MOM, Health, Automation, Government, Quality management, Agriculture, MES, Manufacturing operations management, Benjamin Banneker, Partner

Banneker Partners’ portfolio company Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions, has acquired Optessa to enhance its manufacturing optimization capabilities.

Key Points: 
  • Banneker Partners’ portfolio company Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions, has acquired Optessa to enhance its manufacturing optimization capabilities.
  • This acquisition will allow Eyelit to address the manufacturing industry’s critical need for closed-loop planning and execution across factory floors, including those in automotive, aerospace, medical device, and semiconductor manufacturing.
  • “Banneker Partners focuses on creating high-performing technology companies with sustained market share leadership, noteworthy innovation, and a strong commitment to customer satisfaction,” said Kenneth Frank, Operating Partner at Banneker Partners.
  • “While many companies in the manufacturing technology space talk about Industry 4.0 vision, every day Eyelit Technologies actually delivers these capabilities, helping manufacturers make remarkable progress in productivity, efficiency, and quality,” said Harjot Sachdeva, Operating Partner at Banneker Partners.

Eyelit Technologies Acquires Optessa Software

Retrieved on: 
Wednesday, February 21, 2024
Engineering, Automotive Manufacturing, Technology, Manufacturing, Software, Artificial Intelligence, Hardware, Acquisition, QMS, AI, MOM, Automation, Quality management, Machine learning, MES, Car, Manufacturing operations management, Partnership, Sales

Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions, has acquired Optessa, a pioneer in optimization and AI-powered advanced planning and scheduling software.

Key Points: 
  • Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions, has acquired Optessa, a pioneer in optimization and AI-powered advanced planning and scheduling software.
  • The acquisition extends Eyelit Technologies’ footprint into the automotive sector, where Optessa solutions are in use at four of the top 10 automotive original equipment manufacturers.
  • Optessa leverages optimization, AI, and machine learning to sequence millions of configuration options across complex, sophisticated assembly workflows, including those of automobiles.
  • “The promise of smarter manufacturing is to make operational gains that create sustained value beyond the factory floor,” said Joe Bellini, CEO of Eyelit Technologies.

Eyelit Technologies Appoints Joe Bellini as New Chief Executive Officer

Retrieved on: 
Thursday, January 25, 2024
Engineering, Technology, Manufacturing, Software, Artificial Intelligence, Hardware, Machine learning, Statistics, Automation, HP, Manufacturing operations management, PMD, Quality management, QMS, AI, University, Bellini, Partner, GM, Growth, Optimism, Harvard Business School, MES, Azenta, Mathematics, Blue, University of Massachusetts Amherst, MOM, Mechanical engineering, Management

Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions, has appointed Joe Bellini as its new CEO.

Key Points: 
  • Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions, has appointed Joe Bellini as its new CEO.
  • Bellini has deep expertise in manufacturing automation, product strategy, software engineering, and supply chain optimization, which stem from his previous roles at companies including GE, GM, HP, Oracle, i2 Technologies, and Brooks Automation.
  • I’m honored and excited to lead the company through its next wave of growth,” said Joe Bellini, CEO of Eyelit Technologies.
  • Backed by Banneker Partners, Eyelit Technologies has an annual growth rate of over 35%, becoming the world’s fastest-growing manufacturing software company.

CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation

Retrieved on: 
Tuesday, November 28, 2023
Professional Services, Technology, Finance, Software, Venture Capital, Banking, Automation, Manufacturing operations management, Mom, BVP, Management

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.

Key Points: 
  • CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.
  • Parsec Automation enables manufacturing companies to optimize manufacturing processes, maximize asset utilization, and reduce lead times.
  • “We are pleased to work with CIBC Innovation Banking, a team that shares our commitment to innovation and excellence,” said Eddy Azad, Founder & CEO, Parsec Automation.
  • We look forward to achieving great success together.”
    "We are excited to work with Parsec Automation and support its mission of simplifying manufacturing operations, especially as manufacturers around the world focus on digitalization,” said Youssef Kabbani, Executive Director, CIBC Innovation Banking.

Greenlight Guru Releases The AI in MedTech Trend Report 2023

Retrieved on: 
Tuesday, November 7, 2023
Risk intelligence, Fad, Manufacturing operations management, ChatGPT, Medtech, Firefly, Quality of life, Attitude, Privacy, AI, Patient, Patient safety, Medical device, Quality

INDIANAPOLIS, Nov. 7, 2023 /PRNewswire-PRWeb/ -- Greenlight Guru, the leading provider of cloud-based quality and clinical software for MedTech companies, announces today the release of its AI in MedTech Trend Report 2023. The Trend Report is the result of a survey of more than 200 MedTech professionals, and provides the first look into the MedTech industry's adoption of AI applications and attitude toward the technology.

Key Points: 
  • INDIANAPOLIS, Nov. 7, 2023 /PRNewswire-PRWeb/ -- Greenlight Guru , the leading provider of cloud-based quality and clinical software for MedTech companies, announces today the release of its AI in MedTech Trend Report 2023.
  • The Trend Report is part of Greenlight Guru's larger push to integrate the power of AI into the MedTech space.
  • For a closer look at the findings, you can find the full AI in MedTech Trend Report 2023 here .
  • Greenlight Guru will host a free virtual event covering AI in MedTech on December 7, which will include an in-depth presentation on the report findings.

The Manufacturing Operations Management (MOM) Software Market size is expected to increase by USD 17.7286 Billion between 2023 and 2027 | Increasing demand for automation in industrial sectors drive the market growth.

Retrieved on: 
Thursday, August 17, 2023
Manufacturing operations management, Food, Drink, Internet of things, Automation, USD, Quality, Cloud computing, MOM, COVID-19, Digital transformation, Geography, Software, Online shopping, Retail, Video game

NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The Manufacturing Operations Management (MOM) Software Market size is expected to grow by USD 17,728.56 Million at a CAGR of 12.03% from 2022 to 2027.

Key Points: 
  • NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The Manufacturing Operations Management (MOM) Software Market size is expected to grow by USD 17,728.56 Million at a CAGR of 12.03% from 2022 to 2027.
  • Need for Operational Efficiency: Manufacturers are increasingly focusing on improving the quality of their operations to stay competitive in the market.
  • The Manufacturing Operations Management (MOM) Software Market provides software solutions to improve efficiency, automation, and decision-making in manufacturing processes.
  • Below are some companies actively implementing various strategies to enhance their presence and competitiveness in Manufacturing Operations Management (MOM) Software Market.

Wolfspeed Appoints Priya Almelkar as Senior Vice President, IT and Chief Information Officer

Retrieved on: 
Wednesday, July 19, 2023
Technology, Semiconductor, Other Energy, Utilities, Other Technology, Energy, Batteries, Hardware, Electronic Design Automation, Manufacturing operations management, Information, Senior, Infrastructure, GlobalFoundries, AAPI, National Association of Manufacturers, Digital transformation, Silicon, Employee resource group, National Association, NYSE, Female, Automation, Management, Wolfspeed

Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer.

Key Points: 
  • Today, Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, is pleased to announce the promotion of Priya Almelkar to Senior Vice President, IT and Chief Information Officer.
  • Almelkar succeeds David Costar and becomes the fifth female member of Wolfspeed’s esteemed senior leadership team.
  • “Over her two-and-a-half-year tenure with Wolfspeed, Priya has consistently showcased exceptional technical expertise and inspiring leadership skills,” said Gregg Lowe, CEO of Wolfspeed.
  • In acknowledgement of her leadership and service to the industry, she has been recognized by the National Association of Manufacturers.

Parsec Receives Strategic Investment from BVP Forge to Accelerate Manufacturing Operations Management for Enterprises

Retrieved on: 
Tuesday, July 18, 2023
Professional Services, Engineering, Data Analytics, Technology, Manufacturing, Software, Other Manufacturing, Manufacturing operations management, AkzoNobel, MES, AB InBev, DuPont, AB, Multimedia, Research, IP, AstraZeneca, Eli Lilly, Publication, MOM, Growth, Gartner, Parsec

Today, Parsec Automation Corp , a trailblazer in Manufacturing Operations Management (MOM) software, announced a major recapitalization led by BVP Forge , designed to fuel future growth.

Key Points: 
  • Today, Parsec Automation Corp , a trailblazer in Manufacturing Operations Management (MOM) software, announced a major recapitalization led by BVP Forge , designed to fuel future growth.
  • Its TrakSYS™ software platform demystifies manufacturing operations, providing users with heightened visibility, profound insights, and superior control—indispensable factors for success in their rapidly-evolving industrial landscape.
  • The synergy of Parsec's deep-rooted manufacturing operations management expertise with BVP Forge's considerable resources ignites great excitement for our future.”
    BVP Forge will bring its business building program, ForgeEdge™, to help Parsec scale its platform, accelerate growth, and maximize customer impact.
  • “We are very impressed with Parsec’s unique technology, customer impact, and track-record of profitable growth,” said Brian Cramer, BVP Forge Operating Partner.

Tequity Advises Elite ServiceNow Partner Beniva Consulting Group on Acquisition by SoftwareOne

Retrieved on: 
Monday, July 10, 2023
Cloud, Configuration management database, Specialization, Application service management, Professional, Software, CMDB, Manufacturing operations management, Operations management, Acquisition, IT service management, Automation, ITAM, ITSM, Data center management, Financial services, ServiceNow

TORONTO, July 10, 2023 /PRNewswire/ -- Tequity, a leading North American M&A Advisory firm specializing in global Enterprise B2B SaaS, Cloud, and IT company transactions, acted as the exclusive financial advisor to Beniva Consulting Group Inc., a leader in IT operations management and ServiceNow advisory services in their acquisition by SoftwareOne Holding AG, a leading global provider of end-to-end software and cloud technology solutions.

Key Points: 
  • Beniva Consulting Group is a leading provider in ServiceNow, Configuration Management Database (CMDB), IT and Operations Management (ITOM), and Cloud Advisory and Application Services.
  • The strategic acquisition adds deep process automation and service management specialization to SoftwareOne's existing market-leading IT Asset Management (ITAM) services.
  • On the acquisition by SoftwareOne he added "SoftwareOne's all-in-one cloud application strategy represents the most complete end-to-end vision in the market.
  • We couldn't be more excited to bring elite ServiceNow and workflow automation delivery to SoftwareOne's clients across the globe."

SoftwareOne Acquires Beniva Consulting Group Inc. a Leader in IT Operations Management and ServiceNow Advisory Services

Retrieved on: 
Wednesday, May 17, 2023
Software, Networks, Internet, Consulting, Data Management, Professional Services, Technology, Apps, Applications, Cloud, Configuration management database, Specialization, Application service management, CMDB, Manufacturing operations management, Operations management, Acquisition, IT service management, ITAM, Data center management, ITSM, Automation, Asset management, ServiceNow

SoftwareOne Holding AG, a leading global provider of end-to-end software and cloud technology solutions, today announced that it has agreed to acquire Beniva Consulting Group Inc, a leading provider in ServiceNow, Configuration Management Database (CMDB), IT and Operations Management (ITOM), Cloud Advisory and Application Services.

Key Points: 
  • SoftwareOne Holding AG, a leading global provider of end-to-end software and cloud technology solutions, today announced that it has agreed to acquire Beniva Consulting Group Inc, a leading provider in ServiceNow, Configuration Management Database (CMDB), IT and Operations Management (ITOM), Cloud Advisory and Application Services.
  • The acquisition adds deep process automation and service management specialization to SoftwareOne’s existing market-leading IT Asset Management (ITAM) services.
  • Shadi Khoshab, Global Director, ITAM & Software Sourcing Services said, "We’re delighted to welcome Beniva and their team to SoftwareOne.
  • Beniva’s service offering perfectly complements our own Software Sourcing and Portfolio Management services, building on our capabilities in both IT Service Management (ITSM) and IT Operations Management (ITOM).