Monday, June 5, 2017

Pipeline Group Acquired By Prometheus Group

Santa Ana-based Pipeline Group, a developer of software used for enterprise asset management, in areas such as energy, utilities, transportation, construction, defense, chemical, aerospace and public works, has been acquired by Prometheus Group. Financial terms of the acquisition were not announced. Prometheus Group is a developer of software used for maintenance and operations in asset-intensive industries, and is based in Raleigh, N.C. According to the firms, Pipeline was advised by Corum Group and Stradling Yocca Carlson & Rauth, P.C. and Prometheus Group as advised by Paul Hastings LLP and Piper Alderman. Prometheus also acquired another asset management software developer, Sage Technology, at the same time.

---