cognite in A Sentence

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Two years ago its top shareholder, Aker, set up software firm Cognite to do so because it could not find a suitable one.

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Norwegian firm Aker BP had bought software engineer Cognite to digitize its assets, and was now selling software to rivals and sharing data, it said.

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Aker ASA, which together with Aker BP owns more than 75 percent of Cognite, is even considering floating the company on the stock exchange within two years.

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Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum, has even agreed to share its real-time oilfield data with Aker in what they say is an industry first.

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While Cognite is not alone in developing systems that can link masses of data historically kept in different systems, Alfonso Velosa at tech advisory firm Gartner WEB reckons when it comes to oil and gas, Aker is out in front for now.

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John Markus Lervik, a software engineer who founded Cognite, said it has grown from just 2 people to about 110 in 18 months, has clients in oil and shipping and is only planning 12-months ahead for now because"things are happening so quickly".

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