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Black & Veatch transitions subsidiary to independent software company with sale

Antonix Digital LLC, a subsidiary of Black & Veatch, has been sold just three years after its launch. Antonix focuses on operational intelligence efficiency, its sale expected to provide more tailored solutions for clients while also accelerating its ability to meet growing demand for software.

Overland Park-based Black & Veatch has sold Atonix Digital LLC, a software company focused on operational intelligence for resource intensive industries.

Just three years after the launch of Atonix Digital as a wholly owned subsidiary, its sale is expected to enhance the software company’s flexibility and further accelerate its growth opportunities in serving the expanding digital infrastructure economy.

The decision to transition Atonix Digital to an independent software company arrives as the use of operational intelligence is growing across the spectrum of utilities and other energy and water intensive enterprises.

Launched in 2018, Atonix Digital leveraged a data analytics platform for Black & Veatch to improve processes ranging from performance monitoring of critical assets to improving operational efficiency at asset-heavy facilities.

“Atonix Digital has been pushing the limits of scalable, easy-to-implement software to help proactive clients manage power and water resources across a broad array of industry verticals,” Paul McRoberts, Atonix Digital’s president, said. “We believe the time is right to transition to a free-standing software entity as this spinoff provides greater flexibility in pursuing new and emerging markets, as well as giving clients more tailored solutions that take the guesswork out of managing their asset performance.”

Black & Veatch will remain an active partner and value added reseller of Atonix Digital’s ASSET360® platform.

“More than ever, organizations pressured by limited capital, intensifying customer expectations, and growing commitments to sustainability view asset performance management systems as critical to their success,” Marty Travers, Black & Veatch group president, said. “The demand for software and data solutions that will help achieve these goals and reduce maintenance costs won’t abate any time soon, and Atonix is poised to expand rapidly by helping enterprises get the most out of their critical infrastructure systems.”