Prometheus
By Prometheus Group
Prometheus Group is a leading provider of enterprise asset management (EAM) software solutions. Founded in 1998 and headquartered in Raleigh, North Carolina, the company has grown to become a global player in the asset management industry, serving asset-intensive organizations across various sectors.
Prometheus Group was founded in 1998 as a one-man endeavor with a mission to serve the needs of maintenance and operations professionals in asset-intensive organizations. Over the years, the company has experienced significant growth, expanding its product offerings and global presence. Today, Prometheus Group has offices spanning four continents, including locations in the United States, Australia, India, the Netherlands, the United Arab Emirates, and the United Kingdom.
While specific funding details are not provided, it's worth noting that Prometheus Group has attracted investment from private equity firms. In May 2019, the company received funding, though the exact amount is not disclosed. As of 2021, Prometheus Group's revenue was reported to be $18.6 million.
Prometheus Group offers an integrated EAM software platform designed to help operations managers solve on-the-ground challenges while improving asset and ERP productivity. The company's solutions cover various aspects of asset management, including:
Maintenance & Logistics.
Environmental Health & Safety.
Operational Management.
Master Data Management.
The Prometheus Platform is designed to drive collaboration, improve data visibility, and maximize productivity by unifying EAM tools into a streamlined ecosystem.
Prometheus Group has pursued an active acquisition strategy to expand its product offerings and market reach. Notable acquisitions include:
Engica and Roser ConSys in 2019, adding EHS software and STO services.
WorkTech in 2020, providing contractor management and productivity solutions.
VIZIYA in May 2020, expanding enterprise asset management software capabilities.
Utopia in October 2020, adding master data solutions.
Atonix Digital in March 2023, leading to the launch of Prometheus APM software.
These acquisitions have significantly expanded Prometheus Group's product portfolio and global footprint.
With the acquisition of Atonix Digital, Prometheus Group launched Prometheus APM, a new solution that incorporates predictive maintenance (PdM) capabilities. This addition allows the company to move beyond preventative maintenance to predictive maintenance, addressing the growing demand for asset failure prediction software in the industry.
Prometheus Group emphasizes a culture of innovation and teamwork. The company's core values include:
Excellence in all aspects of their work.
Innovation in developing solutions for customers.
Integrity in business practices.
Collaboration with partners and customers.
The company prides itself on being "built by engineers, for teams in the field," with many of its developers and designers having hands-on industry experience.
Prometheus Group serves asset-intensive organizations across various industries, including oil and gas, chemical, utility, mining, and manufacturing. While specific user numbers are not provided, the company's global presence and continued growth suggest a substantial and expanding user base. The company focuses on fostering strong relationships with its customers and partners, which has been instrumental in its success.
In conclusion, Prometheus Group has established itself as a significant player in the EAM software market through organic growth, strategic acquisitions, and a focus on innovation. Its commitment to serving the needs of maintenance and operations professionals has driven its expansion and product development, positioning it as a global leader in asset management solutions.
