ABB has agreed to acquire Ventyx, a leading software provider to asset-intensive businesses such as global energy, utility, communications companies, for more than $1 billion.

Vista Equity Partners created Ventyx in 2007 by combining two companies from its portfolio, Indus and MDSI, which it had acquired for $240 million and $70 million respectively.

Read more.

ABB Atlanta Indus MDSI Ventyx