Prometheus Group Acquires Ventureforth
Simpson Thacher represented Prometheus Group in connection with its acquisition of Ventureforth. Financial terms of the transaction were not disclosed.
Prometheus Group is a leading global provider of comprehensive and intuitive plant maintenance operations and optimization software, with a broad platform of solutions addressing the unique idiosyncrasies and requirements of heavy asset operators. Prometheus Group’s interconnected platform allows changes to be communicated in real-time across an organization, improving manpower efficiency and driving production uptime.
Ventureforth has been a one-stop shop for all things mobile in Oracle EAM and Cloud SCM that seamlessly connect systems across departments and devices to eliminate information silos. Their low-code formula and pre-integrated Oracle solutions are intuitive, user-friendly and fast to implement, thereby reducing training costs.
The Simpson Thacher team included Michael Kaplan, Koh Tanimoto and Omar Kanjwal (M&A); Tristan Brown (Executive Compensation and Employee Benefits); Genevieve Dorment and Alysha Sekhon (Intellectual Property); and Benjamin Rippeon and Tyler Robbins (Tax).