Mincom finds new home with ABB

Summary:Enterprise software company Mincom is set to move to a new home after announcing a multimillion-dollar buyout bid by Swiss technology company ABB Group.

Enterprise software company Mincom is set to move to a new home after announcing a multimillion-dollar buyout bid by Swiss technology company ABB Group.

"ABB's acquisition of Mincom and interest in the business is a vote of confidence in our products, service capability, R&D, innovation, return on investment and growth prospects," boasted Mincom CEO Greg Clark.

The software company has already experienced a buyout within the last five years, being snapped up by Francisco Partners in 2007.

Mincom customers include Rio Tinto, Newcrest and Queensland Gas Corp. Mincom's most recent win came from signing Transgrid to its enterprise asset management portfolio.

"By combining with ABB, Mincom customers will also benefit from ABB's commitment to expand R&D investment in Mincom's solutions and customer support," he added.

ABB is set to integrate the Mincom business into Swiss-multinational's Ventyx software portfolio.

Mincom told ZDNet Australia in a statement that the takeover isn't going to force any changes in the company's leadership. The company declined to reveal the exact value of the deal.

(Front page image credit: Rio Tinto)

Topics: Software, Tech Industry

About

A fresh recruit onto the tech journalism battlefield, Luke Hopewell is eager to see some action. After a tour of duty in the belly of the Telstra beast, he is keen to report big stories on the enterprise beat. Drawing on past experience in radio, print and magazine, he plans to ask all the tough questions you want answered.

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