Minitab LLC, a global leader in data management, predictive analytics, and process improvement solutions based in State College, Pa., is acquiring Scytec, a manufacturing technology company specializing in real-time machine data collection, machine monitoring, and overall equipment effectiveness software.
The deal will enhance Minitab’s end-to-end solutions for manufacturers by expanding data collection from the shop floor and enabling deeper operational insights from real-time data gathered directly from manufacturing equipment, the company said Jan. 20.
“The future of manufacturing depends on connecting real-time operational data with meaningful analytics,” said Jeffrey Slovin, president and CEO of Minitab. “By bringing Scytec’s shop-floor data collection into Minitab’s analytics portfolio, we’re closing the gap between what happens on the factory floor and how manufacturers analyze, improve, and optimize their operations. This acquisition advances our vision for a more connected, data-driven factory.”
With the addition of Scytec’s DataXchange software, Minitab plans to extend its capabilities to collect operational data from machines, including computer numerical control machines, programmable logic controllers, robots, welders, and other manufacturing equipment.
In turn, this will allow manufacturers to visualize machine performance, utilization, and downtime data to better understand and improve operations, the company said.
Minitab also said it will continue offering basic data collection capabilities and more advanced solutions, such as statistical process control and process digital twins, that drive operational excellence.
Scytec’s DataXchange platform, which is tailor-made for manufacturing settings, collects data directly from native machines and via industry-standard protocols, reducing reliance on additional hardware while providing detailed operational insights.
“Minitab and Scytec share a common goal of empowering manufacturers with reliable data they can act on,” said Scytec CEO Josh Davids. “By joining Minitab, Scytec’s DataXchange technology can reach a broader global audience and become part of a more comprehensive manufacturing analytics platform that connects operations data with quality and improvement workflows.”
The acquisition will bolster Minitab’s ability to support modern manufacturing methods, while Scytec’s operational insights will improve Minitab solutions for monitoring product quality and process variation, helping manufacturers identify root causes, reduce waste, and boost overall equipment and process performance.