The Proficy software business could be valued at up to $900 million or possibly $1 billion, sources indicated. However, the process is still in early stages, and the company might ultimately decide to ...

GE Vernova (GEV) and TPG announced on Thursday that the global alternative asset management firm will acquire GE Vernova’s Proficy manufacturing software business for $600 million. GE Vernova may ...

A new industrial software business, called Velotic, has been created by bringing together the Proficy business, formerly owned by GE Vernova, with the Kepware industrial connectivity business and the ...

BOSTON--(BUSINESS WIRE)--Velotic™ today announced its launch as a leading independent industrial software company, uniting multiple trusted platforms to advance a new era for industrial and ...

The formation of Velotic coincides with the closings of TPG’s acquisitions of Proficy, the former manufacturing software business of GE Vernova, and PTC’s former industrial connectivity and Internet ...

GE Vernova announced the signing of a binding agreement confirming the intent under which TPG, a global alternative asset management firm, will acquire GE Vernova’s Proficy manufacturing software ...

GE Vernova said on Thursday it will sell its Proficy industrial software unit to private equity firm TPG for $600 million and reinvest the proceeds in grid software. Proficy, which accounts for about ...

GE Vernova will maintain a board observer seat upon completion of the transaction. Credit: Mamun_Sheikh/Shuttterstock.com. GE Vernova has entered into a binding ...

GE Vernova announced an agreement to sell its Proficy manufacturing software business to private equity firm TPG for $600 million. The deal will allow TPG to own and operate Proficy as a standalone ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The Cambridge-based energy ...

GE Vernova Inc. agreed to sell its industrial software business Proficy to alternative asset management firm TPG for $600 million. Electricity demand is soaring to levels not seen in decades, driven ...