Sphera Acquires Operational Risk Software Company Petrotechnics

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Complete End-to-End Operational Risk Solutions

The acquisition of Petrotechnics serves to expand Sphera’s portfolio of operational software applications, enhances Sphera’s breadth of end-to-end operational excellence software solutions and services, and further advances Sphera’s commitment to deliver greater value to our customers.

Sphera’s portfolio of Operational Risk solutions is enhanced through applications digitizing and visualizing risks at the operational level with real-time data from Industrial Internet of Things devices. This acquisition builds upon our cloud-based applications by extending our Integrated Risk Management solution from risk identification to risk mitigation.

Advancing Operational Excellence through Integrated Risk Management

As a recognized leader in Operational Risk Management, Petrotechnics strengthens Sphera’s Operational Excellence software solutions with a suite of integrated modules including; Permit to Work (PTW), Process Safety Barrier Management, Emergency Response, Activity Risk Management and advanced data visualization tools.

This acquisition benefits Sphera and its customers by:

Expanding Sphera’s portfolio of cloud-based applications

The adoption of cloud-based, software solutions continues to grow, which offers benefits from both a functional and total-cost-of-ownership perspective. As the industry leader in Integrated Risk Management, we believe it is critical to continue innovating and expanding our world-class, on-premise products while also expanding our portfolio of cloud-based solutions. This is designed to provide customers with the ultimate in flexibility in Risk Management.

Complete End-to-End Operational Excellence Solutions & Services

Petrotechnics visualization tools enable better management decisions with real-time analysis and insight. These visualization tools will expand across Sphera’s solution portfolio to deliver meaningful, actionable insights with powerful analytics aimed at reducing operational risk.

Increasing Sphera’s global presence

Sphera maintains a strong global footprint, and the addition of Petrotechnics accelerates Sphera’s international growth and market presence. Further, Petrotechnics strong presence in EMEA will help Sphera continue to cement its leadership in this growing marketplace.

Sphera is the largest global provider of Operational Excellence software and information services with a focus on Environmental Health & Safety (EH&S), Operational Risk and Product Stewardship. For more than 30 years Sphera has been committed to creating a safer, more sustainable and productive world by advancing operational excellence. We help our clients optimize workflows, and navigate the complex and dynamic global regulatory environment.

More on the organization and leadership can be found at: sphera.com/about-us/ >

Petrotechnics is a technology company that provides software and services to global organisations in the hazardous industries. Their pioneering PTW (Permit To Work) and ISSOW (Integrated Safe System of Work) solutions were revolutionary in bringing disparate data and business processes together to keep people safer and get more done.

More on the organization and its leadership can be found at: petrotechnics.com/who-we-are/ >