Sphera Solutions, the largest global provider of integrated risk management software and information services, acquired Petrotechnics, a leading global provider of operational risk software for hazardous industries. Financial terms were not disclosed. "Sphera's acquisition of Petrotechnics expands our base of Operational Risk solutions through applications digitizing and visualizing risks at the operational level with real-time data from Industrial Internet of Things devices," said Paul Marushka, Sphera's president and CEO. "This acquisition builds upon our SpheraCloud product in extending our Integrated Risk Management solution from risk identification to risk mitigation."