ABB’s investment in TaKaDu, a leading provider of integrated water network management solutions for water distribution networks, wins Global Corporate Venturing award.
A ABB Technology Ventures (ATV), the corporate venture capital arm of ABB, has won the Global Corporate Venturing award in the ‘Sub $50 million investment of the Year’ category for its investment in TaKaDu, a provider of cloud-based integrated water network management solutions.
The awards, now in their fourth year, recognize and celebrate innovation, best practice and service in the corporate venturing sector. Winners were revealed at the awards ceremony in May 2014, as part of the Global Corporate Venturing Symposium, a two-day event focused on innovation, strategy and developments in corporate venturing. Among others in the running in the Sub-$50m category were Google Ventures, Amex Ventures, Intel Capital, and Nike – further distinguishing ABB as an internationally recognized, innovative and strategic leader.
The investment in Israel-based TaKaDu gives ABB access to fieldproven, cloud-based integrated water network management solutions. The solutions leverage big data to transform the way water networks are operated and managed by using innovative algorithms to analyze the raw data generatedby the network’s utilities. This provides a real-time picture of how the network is functioning. The resulting insights enable users to make informed decisions across the entire network, from analysts checking for leaks, bursts and pressure problems to management teams identifying challenges and maximizing resource efficiency.
Integrated with Symphony Plus
ABB has integrated the TaKaDu solution with its Symphony® Plus SCADA system to expand the existing information management capabilities of Symphony Plus and to offer a new dimension to the realtime understanding of network data and operations. The combined benefits of the two integrated systems include:
- Increased real-time performance monitoring of the entire water distribution infrastructure
- Reduced levels of non-revenue water and energy consumption
- Improved repair crew operational efficiency thanks to the efficient localization of leakages
- Reduced engineering effort from common data exchange interfaces
- Increased operator efficiency through the display of relevant TaKaDu alarms in the Symphony Plus alarm list, and the capability to interact with the TaKaDu system from the Symphony Plus operator stations
TaKaDu solutions are used by leading water utilities in eight countries. The company has earned international recognition for its environmentally friendly technology, including the Technology Pioneer award from the World Economic Forum in 2011.
Symphony Plus is the new generation of ABB’s highly acclaimed Symphony family of distributed control system platforms. Symphony Plus is designed to maximize the efficiency and reliability of water facilities and water distribution networks through automation, integration and optimization of the entire water life cycle in a simple, scalable, seamless and secure manner.