Applied Materials IncApplied Materials divested its SmartFactory Rx platform, losing a business unit and future revenue stream.

TELEO Capital Management has acquired SmartFactory Rx, a pharmaceutical manufacturing intelligence platform, from Applied Materials and rebranded it as Modersys. The platform combines real-time analytics, AI and machine learning process intelligence, advanced process control, adaptive scheduling, and alarm management across the full manufacturing lifecycle. Across customer deployments, Modersys has delivered yield improvements of up to 10%, throughput gains of up to 15%, reductions in experimental effort of up to 50%, and equipment availability gains of more than 22 days per plant per year. As an independent company, Modersys will focus on accelerating platform innovation, expanding market reach, and deepening partnerships in the biopharmaceutical, nutritional, and life sciences sectors.
Applied Materials IncApplied Materials divested its SmartFactory Rx platform, losing a business unit and future revenue stream.
Modersys becomes an independent company with focus on growth, innovation, and market expansion.
TELEO Capital acquires a platform with proven customer benefits, positioning for value creation.