Cenosco Finalizes Acquisition of Shell's IMS Software for Oil, Gas & Chemicals

Cenosco has successfully acquired the Integrity Management System (IMS) from Shell Global Solutions International BV, ushering in a new era for the Oil and Gas sector. This landmark acquisition opens up the possibility for the broader industry to leverage the advanced software developed over two decades by Shell, now under the ownership of Cenosco. With a commitment to ongoing innovation and expanded opportunities, Cenosco aims to take IMS to new heights.

As a prominent provider of asset integrity software, Cenosco has taken full ownership of the intellectual property (IP) rights for IMS, a comprehensive Asset Integrity Management software suite. Boasting a foundation built on Shell's extensive 20-year industry experience and the innovative prowess of Cenosco's programmers, IMS has become a widely adopted solution, currently utilized in over 200 assets worldwide.

The acquisition marks a significant milestone for Cenosco and its stakeholders. By gaining complete control of IMS, Cenosco can now offer a more tailored and personalized experience to its clients and prospects. While the company has always been hands-on in customizing solutions to meet client needs, the acquisition provides an opportunity to align the software with broader industry trends and requirements. This strategic move strengthens Cenosco's market position, positioning them as leaders in innovating and developing IMS into a market standard that can be adopted across various asset-intensive industries.

The collaboration between Cenosco and Shell has been a cornerstone of innovation for over two decades. Working hand-in-hand, the two companies have continually enhanced the capabilities of IMS, drawing insights from thousands of users within Shell's global operations. This collaboration has played a crucial role in shaping IMS into the sophisticated software it is today. Importantly, the partnership will endure beyond this acquisition, with both entities committed to ongoing collaboration through initiatives such as the Open AI Energy Initiative (OAI).

Cenosco's acquisition of IMS's intellectual property rights not only solidifies a longstanding collaboration but also sets the stage for future innovations. The company is poised to explore new frontiers in technologies like remote inspection, contributing to broader industry initiatives such as the Open AI Energy Initiative. This acquisition reinforces Cenosco's standing as a leader in asset integrity management software, with over two decades of product leadership in asset-heavy industries.

The IMS Suite of solutions by Cenosco empowers users to make informed decisions in inspection and maintenance, promoting safety, maximizing asset availability, and optimizing asset management costs. Deployed in more than 200 assets across over 40 countries, IMS has become a trusted solution in the field. Cenosco envisions a world where asset-heavy industries can operate at their full potential while prioritizing the health and safety of individuals and the environment. This acquisition signals a strategic move toward realizing this vision.