The company has annual revenues of 10.3%, over the last 10 years. It delivered an adjusted annual profit-growth of 18.5% during the past three years.

Schneider Electric has approved the deal. They hold 60% of shares in Aveva.

OSIsoft

Founded in 1980, OSIsoft has 1,400 employees. They are a software developer that collects data for its customers through their real-time data historian application, OSIsoft Processed Information Historian. 

The PI is an application that can efficiently record data from process control systems (ex. DCS, PLC) into a compressed time-series database.

OSIsoft is backed by a Japanese tech firm Softbank which holds a 44.7% stake. Other shareholders include Estudillo Holdings, majority-owned by founder and chief executive, J. Patrick Kennedy, who holds a 50.3% stake. And Japanese conglomerate Mitsui with a 5% stake. 

An inspired combination

The $5 billion agreement is representative of a 32.9-times multiple of the enterprise value and profit of OSIsoft. Most of the money will be paid in cash ($4.4 billion).