Raleigh-based Prometheus Group buys sixth company since 2019

Raleigh-based Prometheus Group buys sixth company since 2019


RALEIGH – Prometheus Group has purchased another company, its sixth since it itself was purchased by the private equity firm Genstar Capital in 2019.

The company, which is considered a ‘unicorn,’ has bought Atlanta-based Ventureforth, an Oracle partner that specializes in mobile apps and cloud solutions for asset maintenance, supply chain, and work management, according to a statement issued by the company this week.

“Prometheus helps organizations achieve their EAM goals by offering user-friendly, fit-for-purpose solutions that increase productivity and reduce error,” said  Eric Huang, CEO of Prometheus Group, in a statement.  “Ventureforth’s cloud based mobile solutions for Oracle are well known in the space and an ideal fit with the Prometheus platform of EAM solutions.”

According to the company, its platform integrates enterprise asset management software and its clients include organizations in the oil and gas, chemical, pulp and paper, mining and metals, and utilities industries.

Financial terms of the acquisition were not disclosed.

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Kassie Hoffman
Kassie pens down all the news from the world of politics on ANH.