TAMPA, Fla., Jan. 8, 2015 /PRNewswire/ -- Skyway Capital Partners, an investment banking firm that specializes in advising middle market companies, has announced the sale of InStep Software, LLC, an industrial big data company, to Schneider Electric SE.
"It is gratifying to see our long-standing client InStep Software become part of a leading global organization like Schneider," says Bryan Crino, president of Skyway Capital Partners. "We felt InStep's eDNA software strongly complemented Schneider Electric's Wonderware Historian software, and similarly believed that InStep's PRiSM software would enhance Schneider Electric's other industry-leading information and asset management software offerings. We are pleased to have provided a successful outcome for our client. It was truly a pleasure working with all parties throughout the sale process."
Headquartered in Chicago, Ill., InStep provides two primary real-time performance management and predictive analytics software solutions. Its eDNA historian software collects, stores, analyzes, displays and reports on real-time operational and machinery sensor data. Its PRiSM predictive analytics software monitors the real-time health and performance of critical assets by using advanced pattern recognition and diagnostic techniques to identify subtle deviations in operating behavior that are often the early warning signs of imminent failures.
"We appreciated Skyway's professionalism at each step of the acquisition process," says Philippe More, vice president – corporate mergers and acquisitions, Schneider Electric. "Schneider Electric is committed to delivering game-changing technology and powerful new solutions to our customers. The capabilities of InStep combined with the resources of Schneider Electric will allow us to extend our leadership position in the industrial internet marketplace."
About Skyway Capital Partners
With sector experience and broad relationships in industries including Technology, Media & Telecommunications, Healthcare, Real Estate, Industrials and Consumer, Skyway Capital Partners (www.skywaycapital.com) provides advisory services with a focus on capital raising and mergers and acquisitions. Skyway Capital Partners has completed approximately $1.5 billion in middle market transactions.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructure, Industries & Machines Manufacturers, Non-residential Buildings, Data Centers & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the company's 150,000 plus employees achieved sales of $31 billion in 2013, through an active commitment to help individuals and organizations make the most of their energy.
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SOURCE Skyway Capital Partners