The agreement includes both a reseller component and OEM relationship. The reseller agreement enables Schneider Electric to offer Transpara's Visual KPI solution directly and through channel providers, as well as provide services to help customers deploy the software on-premise or in the cloud. The OEM portion of the agreement allows Schneider Electric to embed Visual KPI's server, client and/or edge software directly in Schneider Electric devices of varying levels of intelligence, including everything from process analyzers and motor control centers to pumps and valves, and then extend these capabilities across products in a consistent, cleaner and more user-friendly manner.
"In the near-term, Transpara technology will enhance our industry-leading IIoT-enabled EcoStruxure process automation offers, including our EcoStruxure Foxboro DCS and EcoStruxure Process Analyzers, while continuing to drive immediate value for existing customers," Lyden said. "In the long-term, the partnership will hasten the evolution of our own next-generation process automation solutions that will extend real-time business control right to the asset layer in a full IIoT environment."
"Today's highly connected IIoT landscape yields massive business opportunity for any operationally driven organization, but only if their data reaches the right people, at the right time, with immediate and obvious context in a user-friendly way," said Michael Saucier, chief executive officer of Transpara. "Our partnership with Schneider Electric combines the best of both companies: our real-time, visually intuitive monitoring and analytics and Schneider Electric's substantial array of digitally enabled products and managed services for industrial organizations. Together we will deliver continuous innovation that empowers our customers to move from simply managing business performance to controlling it in real time."