Former Baker Hughes Executive to lead Board of Directors

LONDON / THE HAGUE, October 12, 2021 – Cenosco announced today that Zvonimir Djerfi, former Senior Vice President at Baker Hughes, has been appointed as Chairman of the Board. In this role, Djerfi will support Cenosco at this exciting time of accelerated growth.

Since beginning a new partnership with European software investor Fortino Capital Partners last December, Cenosco has been taking significant steps to consolidate its position as the market standard in Asset Integrity Software. Cenosco’s CEO, Jan Poulsen, has strengthened and extended the company’s leadership team since joining in March 2021, leading to Djerfi’s appointment.

In the last 30 years, Zvonimir Djerfi has played an important role in the service industry’s development of innovative solutions to provide affordable energy to people worldwide. His extensive experience in numerous technical, commercial, and business-leading roles has made him a versatile executive leader.

Jan Poulsen, CEO Cenosco: “I am very excited to be bringing Zvonimir on board. His extensive experience and strategic mindset will help us tremendously in taking full advantage of the growth that we are experiencing, and in continuing to accelerate this growth.”

Zvonimir Djerfi, Chairman of the Board Cenosco: “I am delighted to be reinforcing the Cenosco leadership team. Together with the talented people at Cenosco, I am looking forward to growing the already solid business for customers across a wide range of industries around the globe.”

Cenosco builds on more than twenty years of experience and strong partnerships in asset-heavy industries. The company has ambitious plans to continuously invest in its cloud-based, mobile-friendly technology, which is used to manage risks related to integrity, reliability, and instrumentation safety. Its platform, called IMS (Integrity Management System), is composed of modules covering different asset parts. IMS calculates optimal intervention periods and defines an efficient maintenance strategy. The platform is used in asset-heavy industries such as oil & gas, chemicals, pulp & paper, and (new) energy & utilities. Users of the latest IMS can expect many improved and new features, including 3D-mapped inspection plans, AR and VR, machine- learning for image processing, artificial intelligence as part of the Degradation Management Framework, reliability analytics, and seamless integrations with CMMS and Digital Twins – covering all aspects of an asset lifecycle.

Cenosco Offers A Product Suite That Solves A Plethora Of Asset Integrity Challenges

London, July 15, 2021 – Independent research firm Verdantix has released its buyer’s guide for asset performance management (APM) solutions, which provides an up-to-date analysis of 27 prominent APM solutions available in the market. The APM solutions market has exhibited resiliency to the COVID-19 pandemic, with operations and maintenance leaders turning to digital solutions to help optimize asset performance and intervention strategies to counteract demand shocks and supply chain disruptions. Reflecting buyer requirements for ease of integration, mobility and digital twins, the buyer’s guide focuses on breaking down the offerings of 18 APM solutions providers: Augury, AVEVA, Bentley Systems, Bently Nevada (including ARMS Reliability), Cenosco, Cognite, Endevor, GE Digital, Hitachi ABB Power Grids, Honeywell, IBM, Itus Digital, Lloyd’s Register, Pragma, Seeq, Senseye, Symphony Industrial AI and Uptake.

“Globally, the APM solutions market is still at a ‘land-grab’ stage, with large total addressable market opportunities and a fragmented competitive landscape,” commented Verdantix Industry Analyst, Victor Voulgaropoulos. “As a result, a wide range of vendors are targeting this market, offering solutions with varying breadth and depth of functionality.”

Key findings of the Buyer’s Guide: Asset Performance Management Software report:

  • AspenTech, AVEVA, Bentley Systems, Bently Nevada, DNV, GE Digital, Hitachi ABB Power Grids, Honeywell, IBM, and Siemens have developed the most comprehensive APM solutions covering all the core APM capabilities of asset health monitoring, asset failure prediction, maintenance optimization, and performance optimization.
  • The market is witnessing a flurry of predictive maintenance specialists entering this space that typically rely on AI-driven analytics to predict asset failure, such as Augury, Detechtion Technologies, Seeq, Senseye, SparkCognition and Symphony Industrial AI.
  • To shortlist best-fit APM solution providers, prospective customers should consider vendors with: 1) industry and asset class-specific credentials; 2) consultative selling approach; 3) far-sighted customer success programmes, 4) integrations with the current technology stack; 5) ability to extend and scale the solution; and 6) thought leadership and available customer success stories.

“To gain competitive edge, APM solution providers are aiming to further accelerate time-to-value with plug-and-play solutions, increase autonomy with modular and extensible platforms and offer a comprehensive solution that can become the foundation of a firm’s digital strategy through digital twins,” continued Voulgaropoulos. “Buyers should use this guide to support them in their search for APM software applications that fit their requirements.”

THE HAGUE, NetherlandsApril 21, 2021 – Cenosco announced today that Jan Poulsen has been appointed as the company’s new CEO, succeeding Mischa Simonis. Poulsen will focus on further professionalising the company and steering Cenosco towards continuous product development. This will enable Simonis to focus on the product development side more exclusively.

The announcement comes on the heels of the news about Cenosco’s new partnership with European software investor, Fortino Capital Partners. This investment milestone was communicated in early December 2020, marking the beginning of an accelerated growth journey for Cenosco. Poulsen’s experience will be key in accomplishing the growth objectives.

Building upon more than twenty years of experience and strong partnerships in the oil and gas industry, Cenosco has ambitious plans to further finetune and develop their cloud-based, mobile friendly technology, which is used to manage risks, related to integrity, reliability, and instrumentation safety. The platform, called IMS (Integrity Management System), is composed of modules that cover different asset parts. It calculates optimal intervention periods and defines an efficient maintenance strategy. The solution is used in plants with heavy machinery and installations, in the Oil & Gas industry, as well as in sectors such as Chemicals, Pulp and Paper, Energy & Utilities. Users can expect many improved and new features, including tools like 3D-mapped inspection plans, AR and VR, machine learning for image processing, artificial intelligence as part of the Degradation Management Framework, reliability analytics, seamless integrations with CMMS and Digital Twins, covering all the aspects of an asset lifecycle.

In addition to a balanced track record, focusing on both commercial and operational business activities, Poulsen has worked with market leading companies across sectors including Oil & Gas, Energy & Utilities, Chemicals and Pharmaceuticals. Until recently, he held the position as CEO of Thinkstep AG, a global software and consulting company within Compliance and Sustainability. He received a Masters’ degree in Engineering from the Technical University of Denmark, a Graduate Diploma in Business Administration from the Copenhagen Business School and completed an Executive Board Programme at INSEAD with the Scandinavian Executive Institute.

Jan is the perfect fit for Cenosco,” said Matthias Vandepitte, Partner at Fortino Capital who is majority shareholder. “Jan’s extensive experience with business development and international expansion, together with his strong leadership experience, will help focus Cenosco during the accelerated growth phase in the coming years.”

About Fortino Capital Partners

Fortino Capital Partners is a European enterprise software investor, managing a €240 million growth private equity fund and two venture capital funds for earlier stage software opportunities. The firm has offices in Antwerp and Amsterdam. Fortino Capital’s investment portfolio includes MobileXpense, Efficy CRM, Odin Groep, Tenzinger, Maxxton and Teamleader, among others.

For more information, see www.fortinocapital.com. 

 

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