Anova Company Profile

Background

Anova is a global leader in Industrial Internet of Things (IIoT) solutions, specializing in the remote monitoring and management of industrial assets. The company aims to enhance efficiency, safety, service, and profitability across various industries. Anova's mission is to make the world safer, more efficient, and reliable through connected solutions. With a presence in nearly 80 countries, Anova monitors over 1.8 million assets for more than 2,000 clients, ranging from family businesses to major corporations in sectors such as liquefied petroleum gas (LPG), industrial gases, and chemicals.

Key Strategic Focus

Anova's strategic focus centers on providing comprehensive IIoT solutions that enable businesses to remotely monitor and manage their industrial assets. Key objectives include:

• Efficiency Optimization: Implementing solutions that streamline operations and reduce costs.

• Safety Enhancement: Utilizing technology to improve safety standards across industrial operations.

• Service Improvement: Enhancing service delivery through real-time data and analytics.

• Profitability Growth: Leveraging IIoT insights to drive profitability.

Anova specializes in IIoT technologies, offering cloud-based software analytics that provide clients with real-time insights into their remote assets. This approach helps businesses identify trends, gain new insights, and take rapid action to optimize operations.

Financials and Funding

In January 2026, Anova was acquired by Aurora Capital Partners, a private equity firm, for an undisclosed amount. Prior to this acquisition, Anova was a privately held company with an estimated annual revenue between $25 million and $100 million and employed between 25 and 100 individuals.

Pipeline Development

Anova's pipeline development focuses on expanding its IIoT solutions to cater to a broader range of industrial applications. The company continues to enhance its cloud-based software analytics and remote monitoring technologies to provide clients with more comprehensive and real-time insights into their industrial assets.

Technological Platform and Innovation

Anova's technological platform is centered around its IIoT solutions, which include:

• Cloud-Based Software Analytics: Providing real-time data and insights into industrial assets.

• Remote Monitoring Technologies: Enabling businesses to monitor and manage assets across various locations.

These technologies are designed to improve operational efficiency, safety, and profitability for industrial businesses.

Leadership Team

Anova's leadership team comprises experienced professionals with extensive backgrounds in gas distribution, remote monitoring, and industrial technology:

• Matthew Toone: Chief Executive Officer (CEO)

• Stu Strauss: Chief Financial Officer (CFO)

• Gregg Berres: Chief Revenue Officer (CRO)

• Gregg Field: Chief Operating Officer (COO)

• Dino Costa: Senior Vice President (SVP), Solutions

These leaders bring decades of international experience to Anova, guiding the company's strategic direction and operational execution.

Market Insights and Competitor Analysis

The IIoT market is experiencing significant growth, driven by the increasing need for businesses to monitor and manage industrial assets remotely. This growth is fueled by advancements in technology and the demand for improved operational efficiency and safety standards.

Anova operates in a competitive landscape with several key players:

• Actian: A private company specializing in business intelligence solutions.

• Edge Intelligence: A company focused on analytics services.

• Vertica: A provider of analytics solutions.

These competitors offer various solutions in the analytics and IIoT space, contributing to a dynamic and evolving market.

Strategic Collaborations and Partnerships

Anova has established significant collaborations and partnerships to strengthen its market position and innovation capacity. Notably, in January 2026, Anova entered a new chapter with Aurora Capital Partners, enhancing its capabilities and resources.

Operational Insights

Anova's strategic considerations include maintaining a competitive edge through continuous technological innovation and expanding its global presence to serve a diverse client base. The company's focus on efficiency, safety, service, and profitability positions it well in the IIoT market.

Strategic Opportunities and Future Directions

Anova's strategic roadmap involves:

• Expansion of IIoT Solutions: Broadening the range of industrial applications for its IIoT technologies.

• Technological Advancements: Continuing to innovate in cloud-based software analytics and remote monitoring.

• Global Market Penetration: Enhancing its presence in existing markets and exploring new geographical regions.

These initiatives aim to leverage Anova's current strengths to achieve future objectives and maintain its leadership in the IIoT industry.