Prometheus Group Strengths, Domain Expertise, and Key Differentiators
Prometheus Group is committed to helping asset-intensive organizations and maintenance and operations professionals succeed with their asset maintenance strategies and processes. Relying on the expertise of asset management, reliability, and maintenance professionals who have decades of in-the-field experience. Innovative developers and designers put that hands-on experience into every aspect of cutting-edge solutions.
Prometheus Group Recent Developments
In March 2020 Prometheus Group introduced Prometheus Master Data as a Service (MDaaS). The solution provides heavy asset enterprises with all data cleansing and sustainment done as a subscription service and includes a standardized industry taxonomy. This is the first master data governance solution available as a service and will help organizations end the repetitive and expensive cycle of data cleanse and sustainment projects. Enterprises overlook and underestimate master data management and it can quickly spiral and become an expensive and time-consuming process. Recent research found that 95% of organizations see negative impacts resulting from poor data quality.
Heavy asset organizations are struggling to find an effective way to manage data cleansing and sustainment. With the Prometheus MDaaS service, organizations no longer need to define taxonomies, carry out time-consuming and expensive data cleansing projects, and allocate resources to master data governance. Maintenance decisions will now be made based on accurate information enabling teams to have increased confidence in their data. This will drive better decisions, including the tracking of equipment reliability and inventory levels of critical spare parts.
Prometheus Group Mergers and Acquisitions (M&A) Activities
In April 2022 Prometheus Group, a leading global provider of asset management operations and optimization software, announced the acquisition of LUCY Industrial Management Solutions (IMS), a provider of software solutions designed to optimize the execution of capital-intensive projects by ensuring safety, technical integrity, and timely certification and handover. With an office in the Netherlands, LUCY IMS's digital platform streamlines and controls construction, mechanical completion, and commissioning processes with an easy-to-use front end accessed by commissioning managers, project managers, inspectors, and contractors in any industry.
In December 2021 Prometheus Group acquired Ventureforth, an Atlanta-based Oracle partner specializing in mobile apps and cloud solutions for asset maintenance, supply chain, work management, and more. For over 25 years, Ventureforth has been a leader in mobilizing Oracle, providing software solutions for essential workers in industries across the globe from manufacturing to facilities management to oil and gas, and other asset-intensive industries.
Prometheus Group's platform integrates all enterprise asset management software from planning and scheduling to analytics into a cohesive view. The company is trusted by the largest asset-intensive organizations spanning oil and gas, chemical, pulp and paper, mining and metals, and utility industries across the globe. The acquisition of Ventureforth represents the sixth made by Prometheus Group since being acquired by Genstar Capital in 2019.
Prometheus Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Prometheus Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Prometheus Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Prometheus Platform, WorkTech customers.
Prometheus Group Overview
Ownership: - x
Number of Employees: 1200
Prometheus Group Key Enterprise and Cloud Applications
Prometheus Platform, WorkTech
Prometheus Group Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Prometheus Group Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Prometheus Group Enterprise Applications Revenues By Functional Markets, $M:
Prometheus Group Enterprise Applications Revenues By Verticals, $M:
Prometheus Group Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Prometheus Group Direct vs Indirect sales
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Prometheus Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of Prometheus Group Customers: 50000
No. of Prometheus Group Enterprise Applications Customers: x
No. of Prometheus Group Cloud Customers: x
No. of Prometheus Group Cloud Subscribers: x
Among their customers are, Owens Corning, Shell, Marathon, NASA, Chevron, Total, Dupont, ExxonMobil, DOW, Hess, Woodside, Joy Global, De Beers, Bridgestone, Lyondellbasell, Disney, Chemours, Gerdau, Ingredion, Vale, Devon, Monsanto, Sasol, Graphic Packaging International, and many others.
Prometheus Group Market Opportunities, M&A and Geo Expansions
In February 2022 Prometheus Group acquired S&V, a leading provider of data services and technology solutions for various industries such as Manufacturing, Airlines, Utilities and Oil and Gas. S&V has spent over 13 years helping customers discover and maximize the value of their material data.
“Prometheus Group’s acquisition of S&V is part of our continued commitment to providing world-class solutions to help our clients streamline their master data governance,” said Eric Huang, CEO of Prometheus Group. “S&V’s team and technology will be an integral part of our Master Data as a Service (MDaaS) offering as we look to continue to revolutionize how customers approach master data management.”
Prometheus Group Risks and Challenges
Incorporating all the companies that they acquired, into their operating management will take some time.
Prometheus Group Ecosystem, Partners, Resellers and SI
In 2020 Prometheus Group acquired Utopia Global, Inc., a leading data solutions company known for its end-to-end data quality, data migration and data governance solutions. Utopia Global, Inc. ("Utopia") was co-founded in 2003 by Arvind J. Singh (CEO) and Narinder J. Singh (COO). Today, Utopia is widely regarded as the thought leader for enterprise data management software solutions and services that enable organizations to analyze, correct, enrich, and govern their data. Many of Utopia's software offerings are listed on the SAP price list and sold by SAP globally as Solution Extensions to their master data governance solutions, including the SAP Master Data Governance, EAM extension by Utopia, SAP Asset Information Workbench by Utopia, and SAP Master Data Governance, Retail and Fashion Management by Utopia. In addition, Utopia offers a wide array of software solutions to automate and accelerate data quality and data governance initiatives leveraging extensive machine-learning capabilities. Utopia is headquartered near Chicago in Mundelein, Illinois, and has offices globally.
Eric Huang, Prometheus Group founder, and CEO said, "The foundation of the digital enterprise is clean, consistent, and complete master data. Not only do companies need quality master data to fully realize their investments in computerized maintenance management systems; but newer concepts such as asset integrity management, predictive maintenance, and "digital twins" absolutely count on high integrity data to drive business efficiencies across the enterprise. Utopia has both the software and domain expertise to solve this onerous and complex issue. I look forward to working with Arvind and Narinder to incorporate Utopia's amazing solutions into the Prometheus Platform."
Prometheus Group Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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