July 30, 2014 10:54 PM ET

Software

Company Overview of Ventyx, Inc.

Company Overview

Ventyx, Inc. provides enterprise software and services for energy, utilities, mining, chemical, oil and gas, public infrastructure, defense, services, and transportation industries. It offers its software and services through a network of distributors, resellers, and referral partners in the United States and internationally. Ventyx, Inc. has a strategic partnership with Amdocs. The company was formerly known as Indus International, Inc. and changed its name to Ventyx, Inc. in March 2007. Ventyx, Inc. was founded in 1997 and is based in Atlanta, Georgia. It has additional offices in Brisbane, Canberra, Melbourne, Perth, and Sydney, Australia; Richmond and Ottawa, Canada; Santiago, Chile; Bar...

400 Perimeter Center Terrace

Suite 500

Atlanta, GA 30346

United States

Founded in 1997

650 Employees

Phone:

678-830-1000

Fax:

678-830-1010

Key Executives for Ventyx, Inc.

Chief Executive Officer
Age: 59
Executive Chairman
Chief Financial Officer
Age: 45
Chief Information Officer and Executive Vice President of Customer Service
Chief Marketing Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

Ventyx, Inc. Key Developments

Ventyx, Inc. Introduces New Process Safety Management Solution

Ventyx has introduced a new Process Safety Management solution designed to give chemical, oil and gas, or COG, companies an enterprise-wide view of process safety risks. The new solution enables clients to track deviations to safeguards, evaluate the risks and prioritize corrective actions in a timely manner. With the Process Safety Management solution, Ventyx provides a powerful risk advisory software that addresses these challenges in near real-time. Process Safety Management brings data-driven confidence to decision makers from the operator to the executive team by providing predictive insights and recommending potential corrective actions to reduce major hazard risks.

Fortum Expands Smart Grid Project with Ventyx's Asset Health Solution

Ventyx announced that it has signed an agreement with Fortum to study the benefits of predictive maintenance strategies for its transmission and distribution assets using Ventyx Asset Health software. The agreement expands Fortum’s partnership with ABB in a joint development project to design and install Europe’s first large-scale urban smart grid at the Stockholm Royal Seaport. Ventyx is providing multiple solutions to support the Stockholm Royal Seaport project, including: Network Manager DMS for distribution, dispatch & monitoring applications; demand Response Management System (DRMS) for the set-up and management of demand response programs including virtual power plants and their dispatch and control; and business intelligence (BI) solutions to support utility-specific business process monitoring and reporting with prepackaged utility KPIs, dashboards, reports and analysis. By adding the Ventyx Asset Health solution, Fortum can gain visibility into the condition of critical assets, prioritize maintenance activities and support repair, refurbish and renew decisions across the fleet. To gauge the full potential of the solution, Ventyx will perform a Value Readiness Assessment (VRA) and technical feasibility study of the software, focused on critical grid assets across Fortum’s transmission, subtransmission and distribution networks. Performed using Fortum’s own data, the VRA will help determine the feasibility and available cost savings, as well as other benefits, from a full deployment of the software across Fortum’s fleet.

Ventyx Joins Innovative Initiative to Create Smart Electricity Networks, Smart Grid Gotland

Ventyx announced it is joining an innovative initiative to create one of the world's smart electricity networks, part of a development project entitled Smart Grid Gotland. As part of the project, Ventyx will deploy a comprehensive Distribution System Optimization solution encompassing network control, demand response management, demand forecasting and business analytics to support the project, enabling large quantities of wind and other renewable and distributed energy sources to be integrated into the grid, while maintaining reliability and providing better operational performance. The company is working with several partners on the project, including Gotlands Energi AB (GEAB). The distribution management system (DMS) software by Ventyx, integrated with ABB hardware, will be used to address bottlenecks in the distribution network that may restrict the flow from the wind turbines to consumers.

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