Hexagon Acquires Software Capabilities of Itus Digital

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STOCKHOLM, April 18, 2024 — Digital reality solutions company Hexagon has acquired Itus Digital, a provider of asset performance management (APM) software. Itus Digital provides software-as-a-service solutions that help optimize the performance of industrial assets. Its APM platform manages the entire asset strategy and digital twin lifecycle to identify and prioritize asset risk exposure, safeguard assets against known failure modes, monitor asset condition and performance, and take timely measures when risks increase or threats emerge.

Published: April 2024
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
Businessacquisitionsdigital twinsasset performance managementmonitoringmachine visionEuropehexagonItus Digital

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