The amount of the minority recapitalization was not disclosed. In conjunction with the investment, Ashutosh Agrawal and A. Bruce Johnston, a Principal and a Managing Director respectively, will join the company’s Board of Directors.
Led by Eric Huang, Founder and CEO, Prometheus specializes in improving the usability and adoption of Enterprise Asset Management (EAM) software solutions, in particular, Plant Maintenance, SAP’s EAM suite. The company offers complete SAP-certified solutions for plant maintenance, capital projects, shutdowns and turnarounds that help companies execute their asset strategy.
They are available for all web-enabled devices, including laptop and desktop computers, tablets and smartphones.
Prometheus serves multiple industries, including oil and gas, chemical, utilities, mining and asset-intensive manufacturing, with more than 1,000 installations globally, spanning six continents.
The company has sales offices in Australia, Brazil, the Netherlands, South Africa and the United Kingdom.