Tag: OSIsoft

SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories. The world's largest industrial companies, from General Electric Co to Siemens AG, have been incorporating more software into their manufacturing to cut costs and improve their supply chains. SoftBank is buying out venture capital investors KleinerPerkins Caufield & Byers, TCV and Tola Capital, it said in a statement. Japan's Mitsui & Co will remain an investor. The investment is in the "high hundreds of millions" and values OSIsoft at several billion dollars, people familiar with the matter said on condition of anonymity because of the confidential terms. SoftBank and OSIsoft declined to comme...