IHS and OSIsoft Announce Strategic Alliance to Help Clients Achieve Goals for Enterprise Sustainability Management

IHS (NYSE: IHS), the leading global source of information and analysis, and OSIsoft, the leader in infrastructure for real-time data and events, today announced an alliance agreement to meet surging global demand for data collection, integration and information management solutions focused on enterprise sustainability management (ESM).

”We are proud to join forces with OSIsoft. To achieve success in enterprise sustainability, our clients must be able to leverage real-time process and event data,” said IHS Senior Vice President-EHS and Sustainability Woody Ritchey. “We have already teamed with OSIsoft, integrating their scalable enterprise-wide data collection and archiving technology solution with our applications, to help organizations drive workflow efficiency and make sustainability an essential part of their business.”

OSIsoft President Bernard Morneau said: “Organizations are under increasing pressure to make informed decisions about energy, operational and environmental management directly impacting the sustainability of their business. IHS offers a flexible combination of software and content that can help our clients address these new business imperatives. Together, OSIsoft and IHS leverage real-time data to create a unified approach to enterprise sustainability management and data-driven decision support.”

Experts at IHS and OSIsoft see companies from multiple industry sectors straining to address ESM challenges with disparate manual processes, spreadsheets and one-off legacy systems that cannot collect, aggregate or analyze vast quantities of data quickly or accurately enough to meet their needs. With increased economic and social pressures, more and more companies are looking to implement sustainability solutions for their enterprise. Easily accessible real-world data from all operational areas is the cornerstone of robust sustainability solutions. When implemented correctly, sustainability solutions help businesses perform better while also operating in a socially and environmentally responsible manner. IHS and OSIsoft are collaborating to deliver the data, expertise, and tools companies need to improve operations and achieve their sustainability goals.

IHS and OSIsoft have established a proven record of success working together on a variety of environmental, health, safety and sustainability (EHS&S) projects. For example, a major electric power utility in Asia is using a combined IHS and OSIsoft solution to process five million real-time records per month along with vast quantities of historic data. By automating the continuous flow of data from OSIsoft process data systems into the enterprise-wide EHS&S solution from IHS, this power utility has reduced the time required to collect, validate, substitute, calculate and generate more than 100 reports each month while improving the reliability and auditability of its results. Integration of IHS and OSIsoft systems helps the utility comply with combustion emission regulations and voluntary corporate goals. The IHS and OSIsoft systems are also used to optimize electricity product based on fuel inventory, demand forecast and environmental impact.

Under their new alliance agreement, IHS and OSIsoft will further their collaboration to provide the broadest, deepest portfolio of solutions on the market for environmental compliance, health and safety compliance, operational risk management, product stewardship, greenhouse gas and energy, and corporate responsibility reporting. To learn more, please visit www.osisoft.com/sustainability and www.ihs.com/ehs-sustainability.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape, including energy and power; design and supply chain; defense, risk and security; environmental, health and safety (EHS) and sustainability; country and industry forecasting; and commodities, pricing and cost. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,500 people in more than 30 countries around the world.

About OSIsoft, LLC (www.osisoft.com)

OSIsoft delivers the PI System, the industry standard in enterprise infrastructure, for management of real-time data and events. With installations in 110 countries spanning the globe, the OSIsoft PI System is used in manufacturing, energy, utilities, life sciences, data centers, facilities and the process industries. This global installed base relies upon the OSIsoft PI System to safeguard data and deliver enterprise-wide visibility into operational, manufacturing and business data. The PI System enables users to manage assets, mitigate risks, comply with regulations, improve processes, drive innovation, make business decisions in real-time and to identify competitive business and market opportunities. Founded in 1980, OSIsoft, LLC is headquartered in San Leandro, CA, with operations worldwide and is privately held.

IHS (NYSE:IHS)
Historical Stock Chart
From May 2024 to Jun 2024