Schneider Goes Deeper in Software

Schneider Goes Deeper in Software

“As with other recent acquisitions, InStep Software strengthens our portfolio in targeted industries and segments,” said Rob McGreevy, vice president, information, operations and asset management, Schneider Electric, in a Schneider release. “Their solutions give us additional, stronger data management and predictive analytics capabilities in the power and energy management industries, including power transmission and distribution, and will help us fulfill our strategic plans around Big Data, the Internet of Things and other emerging trends."

Schneider Electric has an agreement to acquire InStep Software, a provider of performance management and predictive analytics software, adding to the Paris-based electrical manufacturer’s growing play in industrial software.

InStep, based in Chicago, provides two primary software solutions – eDNA historian software collects, stores, analyzes and reports on real-time operational and machinery sensor data, while its PRiSM predictive analytics software monitors the health and

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