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Yokogawa and Waylay have been successfully collaborating on digital transformation (DX) solutions and services. The equity investment will help accelerate the growth of Yokogawa's cloud portfolio of applications and services while helping Waylay expand its market reach.
Together, Yokogawa and Waylay will further democratize digital technologies by leveraging Waylay's low-code (a software development approach that requires minimal coding) automation expertise to simplify the development and execution of cloud-based applications on the Yokogawa Cloud*1 platform. Customers can benefit from faster operationalization of complex and custom cloud-native solutions with the support of local or regional Yokogawa engineers.
In addition to an existing IA-focused Software as a Service (SaaS) portfolio, Yokogawa customers will also have the option to opt for other enterprise solutions in the areas such as utilities, smart buildings, telecom, and data centers on the Yokogawa Cloud. The strengthened partnership will allow Waylay to generate more real-world use cases for its technologies and serve a wider array of industries to continuously enhance its digital offerings. The customers of both companies can now also experience a broader array of enhanced and differentiated DX services combining OT and IT capabilities.
"For Yokogawa and our customers, this investment is about advancing the application of digital technology and our Yokogawa Cloud platform to accelerate industrial autonomy and smart manufacturing," said Yukihiro Funyu, a senior vice president of Yokogawa and head of the Digital Strategy Headquarters and DX-Platform Center in the Digital Solutions Headquarters. "Our work with Waylay will support our customers' transition to cloud computing and propel the transformation of their digital enterprises."
"We believe the Yokogawa and Waylay partnership will further enhance our ability to support customer digital transformation journeys by easing the complexity of cloud computing and liberate developers from getting tied down into actions that deviate them from the actual problems they're supposed to solve," added Leonard Donnelly, CEO, Waylay. " The reusability, scalability, and fast implementation of our automation engine helps customers shorten development cycles drastically, namely building in days and weeks for what has traditionally taken years."
*1 Yokogawa Cloud is a digital innovation platform that accelerates industrial autonomy and smart manufacturing for future-proof businesses. The platform unifies data, systems, plants, and assets to deliver data-driven insights for smarter, safer, more efficient operations. Yokogawa Cloud is extensible, built for the cloud, and deployable on your choice of infrastructure.
About Yokogawa
Yokogawa (yokogawa.com) provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations. Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,000+ employees in a global network of 122 companies spanning 61 countries.
About Waylay Just Automate It.
Waylay (waylay.io) is a fundamentally new way to build automation and complex rules rapidly and at scale, bringing order into enterprise automation chaos. It's a developer-friendly hyperautomation Platform-as-a-Service (PaaS) with an extensive suite of integrations for every use case and every team including IT, operations, engineering, product, and support making the complicated simple. Waylay's next-gen products monitor, streamline and optimize assets, equipment and business flows for mainly Industrial, Telecom, Retail, Health, Fintech, Smart Buildings and Transportation sectors that accelerates the innovation process, unlocks team resources and significantly impacts the bottom line. Waylay is headquartered in Ghent, Belgium, with growing teams in the European Union, UK, North America, and the Middle East.
The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation, Waylay, and their respective holders.
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