Cognite Announces New Locations in Austin and Houston

Fastest-Growing Scandinavian Tech Company Selects Texas for U.S.
Operations

OSLO, Norway–(BUSINESS WIRE)–Cognite,
a leading provider of structured and contextualized data for industrial
applications, today announced its continued expansion in the U.S. market
with the opening of new locations in Austin and Houston. Cognite is the
fastest-growing technology company in Scandinavia and provides
contextualized data for numerous industrial customers with U.S.
footprints, including Aker BioMarine and Aker Solutions and TechnipFMC.
Cognite selected its new office locations based on proximity to major
U.S. technology and industrial hubs, with the goal of establishing
deeper relationships with industrial companies in need of contextualized
data.

Cognite solutions provide a digital representation of industrial
reality, unlocking the power of industrial data by making it instantly
accessible and contextualized for humans and machines. The company is at
the forefront of the “Fourth Industrial Revolution,” which integrates
physical, digital and human excellence systems to maximize the benefits
of science and technology for society, and is a member of the World
Economic Forum’s Centre for the Fourth Industrial Revolution. Cognite’s
flagship product, the Cognite Data Platform, provides full control of
industrial data, enabling industrial companies – including those in the
oil and gas industry – to develop software applications, enable machine
learning and artificial intelligence, and forge new partnerships.

“Our firm was born out of the oil and gas industry, and we speak the
language of process diagrams, work orders and computer-aided design
models,” commented to Dr. John Markus Lervik, Co-founder and CEO of
Cognite. “And while it might seem unique that we chose two locations in
Texas for our U.S. expansion, there is meaningful logic and intent
behind these decisions. We selected Houston to be close to the oil and
gas industry. At the same time, we are a technology company with
algorithms and cloud computing as part of our collective DNA, and we
view Austin as an indisputable technology hub. Being based in both
locations will help us merge the best of two worlds, in the form of
industry domain expertise and technology DNA.”

A Foundation for Global Expansion

Cognite will use its twin locations in Texas as foundational elements
for its ongoing global expansion and will leverage its local presence in
the U.S. as an opportunity to bring a fresh Scandinavian perspective to
business operations, promoting a spirit of cross-industry collaboration
and trust. Strategic partnerships with leading U.S. technology companies
are already in place, including relationships with Google, National
Instruments and Siemens. Cognite’s commitment to the U.S. market comes
at a time of renewed economic strength for the oil and gas industry and
a strong regional technology economy in Texas. According to a recent
survey commissioned by DNV GL and published by CNBC, more than a third
(37 percent) of U.S. oil and gas executives expect to increase their
company headcount in 2019 to address a shortfall of skilled workers as
energy prices recover.

“We proudly welcome Cognite, an innovative high-tech company with a
global presence, to the Austin community,” said Charisse Bodisch, Senior
Vice President of Economic Development for the Austin Chamber of
Commerce. “Cognite’s ability to turn massive industrial data into
insightful analytics has helped it experience substantial international
growth. We believe Austin’s strategic assets will further fuel Cognite’s
expansion into the U.S. market and will result in positive economic
prosperity for our region and community.”

About Cognite

Headquartered in Oslo, Cognite is the fastest-growing technology company
in Scandinavia. The company’s flagship solution, the Cognite Data
Platform, liberates industrial data from separate, siloed systems and
reveals that data in a structured and contextualized manner, presenting
a full, virtual view of industrial reality – both past and present –
made accessible and meaningful for humans and machines. Exclusive
Cognite functionality, called Contextualization, means that everything
linked in the real world is linked in the platform. The company’s
groundbreaking industrial IoT data platform empowers companies to
extract value from existing data by transforming it into useful
information. Cognite’s interdisciplinary team includes software
developers, data scientists and 3D specialists. To learn more, visit https://www.cognite.com/
or follow @CogniteData
on Twitter or LinkedIn.

Contacts

Sara Black
[email protected]
213.618.1501

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