Authentise, a provider of data-driven workflow tools for additive manufacturing (AM), has announced the acquisition of all assets of Elements Technology Platform, a provider of self-serve workflow tools for manufacturing. As part of the transaction, Elements' team will join Authentise.
"The partnership enables discrete manufacturers to access connected workflow management solutions used by leading AM companies to manage their one lot-size operations efficiently, flexibly and transparently," said a company spokesperson.
"Elements is the perfect addition to the Authentise portfolio," said Andre Wegner, CEO of Authentise. "Like Authentise, Elements has been laser focused on providing manufacturing operations with the flexibility they need in the post-pandemic world with the efficiency that data enables in the 21st century."
"The combination of the two companies brings together a mix of tools and technologies for workflow management, real time machine data insight, AI, RFID technologies and more on an open, data-driven platform for the manufacturing supply chain," said the spokesperson.
Wegner added, "Elements provides customers with a unique self-serve tool for all types of manufacturing operations, allowing them to quickly create, capture and access repeatable shop floor processes. Delivering intelligent production planning and scheduling and real time views of production, customers can easily track orders. These exciting services will become a key part of the combined Authentise portfolio."
Even before the acquisition, Authentise was able to deliver significant efficiency savings, reducing order management times by 80% and manufacturing preparation times reduced by more than 95% at Boeing Additive Manufacturing, according to the company.
Wegner continued, "Our goal is to bring flexibility and responsiveness benefits like these, typically associated with AM, to a broader manufacturing audience. With our diverse experiences, we believe we will be able to rapidly accelerate towards our joint mission of delivering end-to-end transparency, reliability and efficiency to manufacturing operations using data. We are delighted to welcome the Elements team and customers on board."
Joe Handsaker, CEO of Elements Technology, said: "The real story of Industry 4.0 has yet to be written. It is time to focus on what is core to manufacturing: the worker. Supporting them with data and modern tools gives us more context in manufacturing, and allows us to drive better quality, insight and completely new business models. If nothing else, the pandemic has shown that a radical rethink of the way things are made and delivered is necessary. We are delighted to have found a partner that understands that, and are excited to build a better future, together."
For more information contact:
Authentise
701 S 50th Street
Philadelphia, PA 19143
www.authentise.com
Elements Technology Platform
www.elementstechnology.com