FREE copy of the Uptime Elements Implementation Guide once you subscribe to Reliability Weekly

Prometheus specializes in improving the usability and adoption of Enterprise Asset Management (“EAM”) software solutions, in particular, Plant Maintenance, SAP’s EAM suite. Prometheus offers complete SAP-certified solutions for plant maintenance, capital projects, shutdowns and turnarounds that help companies execute their asset strategy.  Prometheus solutions improve the efficiency and effectiveness of the maintenance planning and scheduling process, which is fundamental to a successful maintenance strategy, through improved resource availability, reduced maintenance cost and mitigated operational risk. The company’s solutions are available for all web-enabled devices, including laptop and desktop computers, tablets and smartphones. Prometheus serves multiple industries, including oil and gas, chemical, utilities, mining and asset-intensive manufacturing, with solutions deployed in the world’s largest companies. The company has more than 1,000 installations globally, spanning six continents. Prometheus is headquartered in Raleigh, North Carolina, with sales offices in Australia, Brazil, the Netherlands, South Africa and the United Kingdom.

“Prometheus serves a true marketplace need, helping companies more efficiently and effectively utilize EAM software solutions,” said Ashutosh Agrawal, a Principal at TA Associates who will join the company’s Board of Directors. “The Prometheus solutions address the entire plant maintenance lifecycle and its customers cite noticeable improvements in productivity and meaningful cost savings. We are pleased to complete this investment and to partner with Prometheus’ management team on the next phase of the company’s growth.”

“We welcome TA as an investor in Prometheus,” said Eric Huang, Founder and CEO, Prometheus Group.  “TA has extensive experience investing in and growing enterprise software companies.  Their significant knowledge of the EAM, project management and supply chain software sectors has already begun paying dividends. TA will play a central role in our efforts to broaden adoption of our products among existing clients and expand into new markets.”

Prometheus serves the global EAM market, which research and advisory company Gartner estimates to be a $1.5 billion market opportunity by year-end 2013.  Gartner predicts approximately 7 percent long-term annual growth for this market segment.

“Prometheus primarily serves industries where capital asset uptime is of critical importance,” said A. Bruce Johnston, a Managing Director at TA Associates who will also join the Prometheus Group Board of Directors. “This is a large addressable market, and with the need and criticality of EAM software increasing, there are substantial growth opportunities for Prometheus and its SAP-focused solutions. The company has been profitable since inception and we expect it will continue to enjoy significant financial momentum.”

Goodwin Procter LLP provided legal counsel to TA Associates.  Signal Hill served as financial advisor and Holland & Knight LLP served as legal counsel to Prometheus.

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
Defect Elimination in the context of Uptime Elements

Defect Elimination means a lot of things to a lot of people. Uptime Elements offers a specific context for defect elimination [DE] as a success factor on the reliability journey [RJ].

Internet of Things Vendors Disrupting the Asset Condition Management Domain at IMC-2022

Internet of Things Vendors Disrupting the Asset Condition Management Domain at IMC-2022 The 36th International Maintenance Conference collocated with the RELIABILITY 4.0 Digital Transformation Conference [East]

Asset Management Technology

The aim of the Asset Management technology domain is to assure that IT/OT systems are focused on creating the value from the assets and that the business can deliver to achieve organizational objectives as informed by risk.


TRIRIGAWORLD AWARDS honors excellence in space optimization and facility management, A event to further advance asset management

IMC-2022 Who's Who: The World's Best Run Companies

The International Maintenance Conference (IMC) provides a fresh, positive community-based curated experience to gain knowledge and a positive perspective for advancing reliability and asset management through people, their managers, the strategy, the processes, the data and the technology. The world’s best-run companies are connecting the workforce, management, assets and data to automate asset knowledge that can be leveraged for huge beneficial decisions.

Uptime Elements Root Cause Analysis

Root Cause Analysis is a problem solving method. Professionals who are competent in Root Cause Analysis for problem solving are in high demand.

Reliability Risk Meter

The asset is not concerned with the management decision. The asset responds to physics

Why Reliability Leadership?

If you do not manage reliability culture, it manages you, and you may not even be aware of the extent to which this is happening!

Asset Condition Management versus Asset Health Index

Confusion abounds in language. Have you thought through the constraints of using the language of Asset Health?

Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology