MARKET MOVEMENT
Cortex acquires
Tesla Water
Solution
The acquisition will allow the company to
not only further extend its ability to provide
its customers with solutions that meet their
demand for AI use cases, but will also address
the increased demand by water users to have
an independent party monitor the quality
C
ortex Group has signed a definitive
agreement to acquire Tesla Water’s
market-leading Water Quality Monitoring
Solution – which will be housed inside
Water Mathematics.
Since 2017, Tesla Water has been providing
convenient, safe potable water to their
clients, through its forward thinking and
electrocoagulation wastewater treatment
technology systems. They mindfully operated
their technologies, focusing on the critical
need for alternative water supply options
throughout Southern Africa, and used
maximum energy efficiency and produced a
minimal carbon footprint throughout. Since
its inception, Tesla Water provided large scale
solutions to industrial, governmental, and
domestic household sectors.
Terry Booysen, CEO of Tesla Water said:
“Tesla Water is divesting from its Water
Quality Monitoring business, Smart Water
Pro, to focus its efforts on the sale of water.
of the water being provided, to track the
efficiency of their water treatment systems
and provide reporting required by regulations.”
The acquisition strengthens Cortex
Group’s portfolio that provides predictive
analytics across multiple verticals. It also
provides a proven and trusted AI-enabled
Internet of Things (IoT) platform – one that
enhances and extends the security of data at
the heart of the digital initiatives of today and
tomorrow, including the Internet of Things.
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Emerson acquires KNet Software
E
merson has acquired KnowledgeNet
(KNet) software from Tunisia-based
Integration Objects. KNet’s unique analytics
application software accelerates Digital
Transformation initiatives for process and
hybrid industries.
KNet is used to extract, clean,
transform and analyse operational and
manufacturing data. Using libraries of
advanced statistical and Machine Learning
algorithms, the software consumes
large quantities of diverse information
technology (IT) and operational technology
(OT) data into actionable knowledge that
drives real-time decisions to improve
process and asset performance.
“Emerson has had a long-standing alliance
with Integration Objects and has used KNet to
solve complex operational challenges for its
customers,” said Pat Fitzgerald, Vice President
and General Manager of Emerson’s reliability
solutions business.
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“We are excited to leverage KNet’s easy-
to-use advanced analytics and automated
root cause identification to provide
differentiated insights into operational
health to improve uptime and performance.”
KNet will be integrated with Emerson’s
leading Plantweb digital ecosystem, which
helps customers deliver measurable business
outcomes from Digital Transformation
initiatives. Combined with Emerson’s
extensive Failure Modes and Effects Analysis
(FMEA) Library and consulting services, KNet
will enhance the comprehensive analytics
solution Emerson offers to customers.
“The integration of KNet into Emerson’s
Plantweb ecosystem will help companies
continuously improve their operations by
making informed decisions with the latest
real-time data and expert knowledge
and migrate from reactive to proactive
operations,” said Samy Achour, CEO and
founder of Integration Objects.