PSI AG Strengths, Domain Expertise, and Key Differentiators
PSI has been on the market since 1969, as an independent software producer, and for many years a technological software provider in process control systems for energy grid operators and industrial production. PSI software enables efficient use of energy, labour and raw materials in energy management (gas, oil, electricity, heating, energy trading, public transport) and production management (raw material extraction, metal production, automotive, mechanical engineering, logistics). To this end, PSI has been successfully relying on a combination of artificial intelligence methods and other industrially proven optimization methods for two decades. PSI software products stand for safe, efficient energy supply and optimized production and logistics processes worldwide.
PSI AG Recent Developments
In July 2019, PSI Metals launched the PSImetals Service Platform. The Service Platform is the new powerful software basis that combines all requirements for a future-proof production management solution for all currently available PSImetals components as well as new services that will be developed in the coming years for metal producers.
PSI AG Mergers and Acquisitions (M&A) Activities
In 2020, PSI acquired of Potsdam-based Prognos Energy GmbH. Prognos Energy has a mature software system for spatial and temporal high-resolution and precise power predictions. With increased meteorological know-how and additional functionality, the PSI software is to be further enhanced for the weather-dependent redispatch of the distribution network operators and for the reduction of control energy costs. In the PSI , Prognos Energy GmbH will be assigned to Energy Management, whereby the existing, comprehensive software product portfolio for transmission and distribution grid operators will be expanded by a high-resolution forecast. In the future, PSI will connect the forecasting system with the numerous forecasting systems based on industrial artificial intelligence.
PSI AG Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PSI AG 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 PSI AG 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 PSI Cloud Suite, customers.
PSI AG Overview
Ownership: - ETR: PSAN
Number of Employees: 2000
Functional Markets: ERP Services and Operations Management,
PSI AG Key Enterprise and Cloud Applications
PSI Cloud Suite,
PSI AG Revenues, $M:
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* 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.
PSI AG Revenue Breakdown By Type, $M:
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PSI AG Enterprise Applications Revenues By Functional Markets, $M:
PSI AG Enterprise Applications Revenues By Verticals, $M:
PSI AG Revenues By Region, $M
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PSI AG Direct vs Indirect sales
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PSI AG Customers - Breakdown by Geo, Size, Vertical and Product
No. of PSI AG Customers: 500
No. of PSI AG Enterprise Applications Customers: 500
No. of PSI AG Cloud Customers: x
No. of PSI AG Cloud Subscribers: x
PSI's 500+ customers are primarily energy, utility companies, metals producers as well as manufacturers and operators of transportation networks. Recent customer wins included: Karl Schnell GmbH, GIMOTA Group, CSR Sifang in China, IDGC of Centre and Volga Region, Deutsche Bahn, DONG Energy, Seeland mobil AG, JISCO TianFeng Stainless Company, Milavitsa, Krakatau Steel, Dürener Kreisbahn, ThyssenKrupp Steel Europe. Other references include ArcelorMittal, Firmengruppe Simon, Hydro Aluminium, LPP S.A., Linde AG, RAG Deutsche Steinkohle, STUTE Logistics GmbH, ThyssenKrupp Nirosta, VW Nutzfahrzeuge, Villares Metals.
PSI AG Market Opportunities, M&A and Geo Expansions
PSI is embarking on the Internet of Things market by combining new hardware with its software expertise. In 2016 PSI introduced an Industry 4.0 swarm manufacturing process with Internet of Things chips. The process is led by PSI software products, which are already migrated to the PSI Java platform, for order management, optimization, scheduling, data acquisition, control system and logistics with automatic rescheduling in supply disruptions. Compared to a conventional assembly line production, swarm production allows for substantially higher production efficiency, flexibility and reliability. Earlier, PSIpenta extended its digital factory approach by developing new interfaces to other systems for computer aided design and energy management. In the first scenario, car design using CAD systems was integrated into the factory planning processes via electronic data interchange. As a result, all the processes from the order through any modifications in the construction, the procurement processes, production planning and control to the workshop level can be reproduced through integrated applications. In the second scenario, the finished product of an electrical scooter was based on PSIpenta applications for order administration, production planning and control as well as the design approach for the feeding of electrical energy into the production processes.
PSI AG Risks and Challenges
PSI's challenge remains how it helps its utility and manufacturing embrace and adapt to seismic shifts in their markets because of the rise of the Internet of Things in a time table that serves the best interests of its key stakeholders. Another issue lies in the volatility in the energy market due to falling oil prices and whether it could help or impede some of the previously announced IT modernization projects initiated by its clients. As one of the leading software companies in Germany with 1,650 employees and a long list of blue-chip customers, PSI is in an enviable position of building out its software ecosystem in its target markets of production, energy and infrastructure management. The issue is whether PSIpenta, its ERP software division, has been held back because its vision of digital factory warrants a much more agile development cycle. Some of its customers may probably prefer more frequent updates, or for that matter software modules that can be delivered via the Cloud.
PSI, on the other hand, uses a centralized approach of extending its systems gradually order to take advantage of the economy of scale. In other words, the development of its ERP software will have to fit into the time table of its energy management, or smart grid applications, which tend to move slower because of security concerns. How PSIpenta fits into the overall product roadmap of PSI will be an open question over the next few years.
PSI AG Ecosystem, Partners, Resellers and SI
PSI partnered with Mülheim-based consulting and planning company Agiplan GmbH. The two companies are linking the strengths of the logistics software PSIglobal with the competences of Agiplan in the optimization of production and networks for a comprehensive consulting of their customers.
Direct sales worldwide from offices throughout Germany and in North America, South America, Central Europe, Eastern Europe, and Asia. Indirect sales through partners, including Service & Support (Brno, Czech Republic), Barco Control Rooms (Karlsruhe, Germany), Easun Reyrolle (Hosur, India), Scada Innovations (Cairo, Egypt), and Plan Design (Overath, Germany).
PSI AG 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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