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Yokogawa Invests in Waylay to Support Continued Rapid Expansion of Cloud-based Solutions

📅 Date:

🏢 Organizations: Yokogawa, Waylay

Yokogawa Electric Corporation (TOKYO: 6841) and Waylay NV (“Waylay”) announce that Yokogawa has invested in Waylay, a leading Belgium-based enterprise information technology and operational technology (IT-OT) digital unification software company. 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.

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.

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