Prometheus Group, a leading global provider of asset management operations and optimization software, announced the acquisition of WorkTech, a US-headquartered provider of contractor management and productivity solutions software.
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“We are excited that WorkTech is joining the Prometheus family”
WorkTech enables organizations to optimize contractor spend by streamlining data capture, tracking, approvals, and payment processes. By bridging the divide between software and the real world with data connections to physical gates, WorkTech allows its customers to tightly manage contractor expenses and track workforce utilization.
As part of the Prometheus platform, WorkTech’s technology will be used to not only help control costs but will add an important piece to Prometheus’s STO solution, further improving the planning and execution of shutdowns and turnarounds by providing real-time snapshots of planned vs. actual activity and spend.
“We are excited that WorkTech is joining the Prometheus family,” said Eric Huang, CEO, Prometheus Group. “With the mounting pressure on margins, having visibility into the contractor workforce is mission-critical. This acquisition is another advancement in our strategy to help customers optimize their asset management efforts.”
“Our functionally rich workforce management productivity suite coupled with Prometheus Group’s expanding platform provides the perfect landing spot for WorkTech,” commented Jack Hall, President & CEO, WorkTech. “We look forward to expanding traction in our traditional markets and gaining new traction in the wide array of markets that Prometheus Group serves.”
