Business
Honeywell Expands Life Sciences And Software Capabilities Through Acquisition Of Sparta Systems
- Sparta's AI-enabled software as a service (SaaS) quality management software (QMS) offering will combine with Honeywell Forge - an industry-leading
About this update from Honeywell International Inc.
[{"type":"text","content":"- Sparta's AI-enabled software as a service (SaaS) quality management software (QMS) offering will combine with Honeywell Forge - an industry-leading enterprise performance solution - and Experion® Process Knowledge System to significantly enhance value for life sciences customers in the U.S., Europe and Asia\n - Honeywell will leverage Sparta's technologies to continue to drive global growth and expand into new market segments, including highly regulated verticals, that require advanced process technologies\n - Sparta's technologies will accelerate Honeywell's breakthrough initiative to further penetrate the life sciences market and strengthen Honeywell's existing portfolio of advanced automation and process control technologies\n\n\nATLANTA, Dec. 22, 2020 /PRNewswire/ -- Honeywell (NYSE: HON) today announced it has agreed to acquire privately held Sparta Systems for $1.3 billion in an all-cash transaction from New Mountain Capital. Sparta Systems is a leading provider of enterprise quality management software (QMS), including a next-generation SaaS platform, for the life sciences industry. The acquisition further strengthens Honeywell's leadership in industrial automation, digital transformation solutions and enterprise performance management software. \nHoneywell will leverage its global presence, Honeywell Forge and Sparta's expertise to introduce new, integrated solutions, including QMS offerings, for life sciences and adjacent industries. Honeywell's customers will benefit from advanced digital QMS solutions to help them proactively achieve better quality, which results in improved new therapies, faster time to market, better business and patient outcomes, and effective regulatory compliance.\n\"Sparta's TrackWise Digital® and QualityWise.aiSM are a welcome addition to Honeywell's enterprise performance management software, Honeywell Forge, and will further enhance the link between quality and production data for life sciences manufacturers,\" said Que Dallara, president and chief executive officer of Honeywell Connected Enterprise. \"Our combined offerings will make it easier for customers to gain critical insights from manufacturing and quality data that can improve their manufacturing processes while ensuring product quality, patient safety, and supply chain continuity.\"\nHoneywell has provided the world's leading drug...