Sphera Solutions, Inc. Strengths, Domain Expertise, and Key Differentiators
SpheraCloud is a SaaS-based and mobile platform built on proven best practices that connect risks across the organization. Featuring a responsive, configurable, and intuitive cloud-based user interface, the SpheraCloud platform is designed to help businesses improve decision-making and performance with an integrated view of their risk portfolio—from single-site deployments to global rollouts.
Sphera Solutions, Inc. Recent Developments
In July 2021, Sphera released the evolution of its SpheraCloud platform via an enhanced user interface and new interconnected features. The new SpheraCloud enhancements are centered around providing customers with vital ESG and risk management information in a more integrated, intuitive, streamlined manner.
In May 2020, Sphera released a new Interactive piping and instrumentation diagram (P&ID) solution, which helps organizations break down silos between their operations, maintenance, and engineering departments while simplifying isolation planning. The new Interactive P&ID augments Sphera’s Control of Work offering by helping companies better plan and manage the safe execution of isolation activities, such as removing hydrocarbon or other hazardous energy (hydraulic, pneumatic, chemical, electric, etc.) from pipes, tanks, vessels, and mechanical equipment so work can be done safely on a part or section of the plant.
Available on SpheraCloud, a SaaS-based and mobile platform, the Interactive P&ID software allows users to upload their PDF schematics and mark up the electronic document with actions, rules, and isolation points. This data is then automatically carried into the integrated isolation planning process.
In February 2020 Sphera launched three new Operational Risk Management solutions. The product releases are part of Sphera's roadmap for offering a best-in-class, connected risk-mitigation platform designed to help the world's largest, most complex industrial enterprises keep their people safe, their products sustainable, and their operations productive through connected workers, processes and advanced analytic capabilities. In 2020, more Sphera Operational Risk Management solutions will be offered in SpheraCloud as part of a single platform to proactively manage and anticipate risk across an enterprise. The three additions are:
Advanced Risk Assessment: This new SpheraCloud product will help companies identify, assess, and control the impact of process safety, quality, occupational, physical, and cybersecurity risk.
Control of Work: The first enterprise Software as a Service Control of Work solution, Sphera's Control of Work solution is built to leverage the power, security, and flexibility of Microsoft's Azure cloud platform. Process-intensive operators can now improve the way they visualize and manage interdependent risks across operations and maintenance.
Master Data Management: Expanding the scope of Operational Risk Management cloud-based offering, Sphera Master Data Management allows companies to reduce the impact of their operational risk by ensuring they have a unified, consistent view of their critical data. By integrating and centrally managing clean, reliable data with Sphera's Master Data Management solution, managers across the business can be sure they have access to an accurate view of materials, vendors, products, and more."""
Sphera Solutions, Inc. Mergers and Acquisitions (M&A) Activities
In September 2021, Blackstone completed the acquisition of Sphera, from Genstar Capital. The transaction, which values the company at $1.4 billion, continues Blackstone’s thematic investment focus on the ESG sector and provides Sphera with capital to help accelerate its growth and product offerings.
In September 2019, thinkstep has been acquired by Sphera, a Chicago-based, global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety, Operational Risk, and Product Stewardship. The deal, announced in July, was completed after German regulatory authorities approved the acquisition.
Sphera Solutions, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sphera Solutions, Inc. 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 Sphera Solutions, Inc. 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 SpheraCloud, Sphera PHA-Pro, FMEA-Pro HAZOP customers.
Sphera Solutions, Inc. Overview
Ownership: - x
Number of Employees: 1000
Sphera Solutions, Inc. Key Enterprise and Cloud Applications
SpheraCloud, Sphera PHA-Pro, FMEA-Pro HAZOP
Sphera Solutions, Inc. Revenues, $M:
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|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.
Sphera Solutions, Inc. Revenue Breakdown By Type, $M:
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Sphera Solutions, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Sphera Solutions, Inc. Enterprise Applications Revenues By Verticals, $M:
Sphera Solutions, Inc. Revenues By Region, $M
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Sphera Solutions, Inc. Direct vs Indirect sales
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Sphera Solutions, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Sphera Solutions, Inc. Customers: 3000
No. of Sphera Solutions, Inc. Enterprise Applications Customers: 3000
No. of Sphera Solutions, Inc. Cloud Customers: x
No. of Sphera Solutions, Inc. Cloud Subscribers: 1 million
Sphera Solutions has more than 3000 customers. Among its customers are, Texaco, Shell, Siemens, DOW, Kinder Morgan, BASF The Chemical Company, BP Pls., and many others.
Sphera Solutions, Inc. Market Opportunities, M&A and Geo Expansions
In November 2021, Sphera appointed Jim Pieper as a chief financial officer with a focus on Sphera’s financial strategy, reporting, and operations as the company advance its ESG offerings around the world. Pieper brings over 30 years of experience in financial management. Most recently, he was CFO of TransUnion’s U.S. Markets, an almost $2 billion revenue division of TransUnion (NYSE: TRU), an almost $3 billion revenue publicly-traded information and insights company focused on data and analytics related to consumers in over thirty countries.
Over the past three years, Sphera has acquired five software companies to help accelerate and expand the breadth and capabilities of its cloud-based and on-premise products. Sphera's Integrated Risk Management 4.0 strategy was designed to help companies break down risk-related communication silos between divisions of large and midsize organizations and use the massive influx of data from sensors, the Internet of Things, and other Industry 4.0 technologies, to offer prescriptive and predictive risk-mitigation capabilities.
Sphera Solutions, Inc. Risks and Challenges
The company's sales can be affected during the outbreak of the Corona Virus.
Sphera Solutions, Inc. Ecosystem, Partners, Resellers and SI
Sphera partners with top firms that specialize in consulting, designing, implementing, and integrating Sphera’s offerings in order to accomplish customer goals.
Among Sphera's partners are, Accenture, AECOM, Arcadis, ERM, Frostbyte, Golder, Trinity Consultants, Indra, OSI Soft, RegScan, and others.
Value-Added Resellers are closely aligned with Sphera’s vision and intimately familiar with Sphera’s solutions. By partnering with established VARs, Sphera is able to deliver industry-leading software, services, and support to businesses globally. Among VAR's are, ADL Technologies, EnVizTec, Kozo Keikau Engineering Inc., UIT, Vanguard, and others.
Sphera Solutions, Inc. 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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