Adelaide, Australia, Sept. 4, 2012 — Schneider Electric signed an agreement to acquire SolveIT Software, an Adelaide, Australia-based scientific software provider specializing in supply and demand chain optimization and predictive modeling.
SolveIT's applications enable organizations such as Rio Tinto, BHP Billiton and Xstrata optimize production and demand chain activities.
SolveIT's advanced demand planning and forecasting tools help industrial operations to manage their end to end demand chain and execute optimized plans taking into account existing and future constraints such as impact of workforce variability and market conditions. SolveIT tools also help optimize production, storage, logistics and distribution activities by running predictive analysis and "what if" simulations.
The acquisition complements Schneider Electric's solutions offering in the operations management space by providing the forecasting, optimization and modeling capability on top of Schneider Electric's market leading production analytics tools in the mining, minerals, metals and general manufacturing sectors.
Together, this combined capability provides a capability that the major industrial players are currently demanding. The combined platform will enable customers to deliver more from their existing assets than ever before and thereby maximize profitability per unit output.