Cognite is a fast-growing industrial software-as-a-service (SaaS) company. It is headquartered in Oslo and has offices in Austin and Houston (Texas), USA, as well as Tokyo, Japan. The company’s core product, called Cognite Data Fusion®(CDF), collects, processes, and contextualizes vast quantities of data for industrial operations.
Aker's ownership agenda
As Cognite’s largest shareholder, Aker is engaged to support its further growth by seizing opportunities in the growing industrial software market. A significant portion of Cognite’s revenues already derive from licenses and subscription-based income (ARR). A key focus area for Aker’s ownership agenda is to support continued growth in the company’s ARR and SaaS revenues, which are a key factor for value creation in a SaaS business model. Aker will support Cognite’s strategy of further international expansion, recruitment of skilled employees worldwide and development of customer relationships. It is also important for Aker that Cognite continue to work in partnership with companies possessing unique expertise, experience and global presence, which are leaders in their respective fields and willing to further upscale and commercialize the company’s products.
Aker owns 50.5 percent of the company’s shares. Aker’s co- shareholders in Cognite are two of the world’s most well-reputed technology investors, Accel and TCV, as well as the world’s largest oil company, Saudi Aramco. Aker’s CEO and President, Øyvind Eriksen, represents Aker on Cognite’s Board of Directors.
Cognite Data Fusion (CDF)
Industries like manufacturing, energy and shipping, have yet to have their iPhone moment in digitalization. Data is locked in separate systems and sensors, and other barriers to change impede their digital transformation and trigger inefficiencies. Cognite’s main product, CDF, solves that challenge by breaking down silos, liberating operational data from all relevant sources, and enabling smart applications that can improve operations, optimize production, reduce energy consumption, and improve efficiency.
Energy and Resources Partner of the Year
Highlighting its leadership in industrial digital transformation, Cognite was recognized as the Microsoft Energy and Resources Partner of the Year in 2024. The award acknowledges Cognite’s innovative solutions and commitment to fostering global partnerships to commercialize its products.
Cognite was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
Through the partnership between the Aker Group, Microsoft, and Cognite, the use of data and AI in industry is setting new standards for productivity and efficiency. This collaboration leverages Cognite’s expertise in Industrial DataOps and Microsoft’s advanced technologies to drive innovation, advancing industrial efficiency and sustainability.
Aramco and Cognite Accelerate Industrial Digitalization with CNTXT
Aramco and Cognite have successfully launched the joint venture CNTXT, headquartered in Riyadh, Kingdom of Saudi Arabia. CNTXT supports industrial digitalization in the Kingdom and the broader Middle East and North Africa (MENA) region.
CNTXT aims to provide end-to-end digital and advanced solutions for customers across various industries, including oil and gas, power and utilities, manufacturing, and shipping. The joint venture provides digital transformation services enabled by advanced cloud solutions and leading industrial software.
The launch of CNTXT is a major milestone in the collaboration between Aramco and Aker. The partnership began in 2019 with the signing of a Memorandum of Understanding (MoU) to develop synergies and share knowledge on industrial digitalization and sustainability initiatives.
