Uptake acquires ShookIOT to fast-track digital transformation for asset-intensive industries

On February 8, 2021, Uptake announced its acquisition of ShookIOT, a leader in cloud-native data integration and integrity, strengthening its capabilities to accelerate digital transformation in asset-intensive industries.

Bridging the data gap between OT and IT, the ShookIOT and Uptake combination simplifies data migration for easy deployment of Uptake's Industrial AI applications. The chemical, oil & gas, and process industries can now cost-effectively clear the primary obstacle in the pursuit of digital transformation: the liberation of clean time-series data from individual assets to the cloud enabling advanced analytics and augmented decision-making.

Edmonton-based ShookIOT was founded by Leanna Chan and Dr. Dave Shook who led the development of data ingestion software for asset-intensive industries. Responding to the opportunity of the cloud for industrial connectivity, ShookIOT specializes in data collection for enterprise-wide digital workstreams, providing data management and industrial intelligence software to global process companies.

Gowling WLG advised ShookIOT in this transaction with a team led by Faran Umar-Khitab and that included Jessica George and Melanie Condic (corporate/M&A); Mariam Al-Shikarchy (tax); Natalie Rizkalla-Kamel, Shahrzad Esmaili and Jasleen Chahal (IP); and Jennifer Koschinsky (employment); assisted by student-at-law Blair Somerville.