Prometheus Group, a global provider of asset management operations and optimization software, has purchased Ventureforth.
Ventureforth is an Atlanta-based Oracle partner specializing in mobile apps and cloud services for asset maintenance, supply chain, work management and more. This is the sixth acquisition made by Prometheus Group since being acquired by Genstar Capital in 2019.
“Prometheus Group’s solutions will be of great interest to our global clientele, and we are pleased to be able to offer them not just an expanded line of cloud products, but also extended services and training,” stated Charles Farnell, CEO and founder of Ventureforth.
“Prometheus helps organizations achieve their EAM goals by offering user-friendly, fit-for-purpose solutions that increase productivity and reduce error,” added Eric Huang, CEO of Prometheus. “Ventureforth’s cloud based mobile solutions for Oracle are well known in the space and an ideal fit with the Prometheus platform of EAM solutions. I believe this combination will greatly benefit the Oracle community.”
Allied Advisers served as exclusive financial advisor to Ventureforth in this transaction.