Software AG Acquires Cumulocity GmbH and Extends its Internet of Things Technology Leadership
- High-Tech Gründerfonds, HCS, Verso Ventures and founders of Cumulocity GmbH implement exit
- Cumulocity provides a comprehensive IoT cloud platform for integrating networked devices
- Software AG now integrates the IT world with IoT devices and Operational Technology
- With this acquisition Software AG strengthens its leading position in the IoT market
Software AG (Frankfurt TecDAX: SOW) today announced the acquisition of Cumulocity GmbH, based in Dusseldorf, Germany. Cumulocity develops innovative solutions for the Internet of Things (IoT) offering connectivity for networked digital devices and sensors through a cloud hosted IoT device management and application enablement platform. Embedding Cumulocity’s IoT solutions into Software AG’s portfolio allows enterprises to integrate their IT applications with operational IoT devices – providing maximum ease of use, flexibility and ultimately business value. For Software AG, the acquisition of Cumulocity is a further step in the expansion of its technology leadership in the IoT area.
“The successful cooperation between Software AG and Cumulocity started in 2015 in the context of a strategic IoT partnership – the merger is therefore a next logical step. At Cumulocity we are firmly convinced that we will be able to accelerate our success story as part of Software AG. The exchange of know-how and technology expertise concerning the industrial Internet will not only benefit both companies, but especially our customers,” said Bernd Gross, Chief Executive Officer of Cumulocity. He added: “The reliable support of our investors including their know-how and their network, has been a real added value during our foundation phase. We appreciated these important elements throughout the entire growth.“
Benjamin Erhart, Investment Director at HTGF confirmed: “HTGF believed in Cumulocity’s founders and the success of the company’s cloud based IoT solutions since the beginning. We are delighted to announce the successful acquisition of Cumulocity by a leading German company after four years since our investment. We are confident that Cumulocity’s solutions along with Software AG will inspire the IoT market a lot.”
The acquisition of Cumulocity’s technology completes Software AG’s portfolio of core Internet of Things software services. These include streaming analytics, on-premise, cloud and hybrid – and now IoT device – integration, in-memory technology, dynamic process management and IoT edge device management.
Making full use of Software AG’s portfolio, enterprises can ideally operate at the interface of human and artificial intelligence. Complementary products for the analysis, evaluation and visualization of real-time, historical and predictive data ensure the optimal use of artificial intelligence in decision making processes. Remote monitoring and the control of machines in production diagnostics or in predictive maintenance are exemplary industry use cases.
As well as the acquisition of Zementis, Software AG has announced major, strategic IoT or Industry 4.0 alliances with major corporations in recent months including Bosch, Octo, Dell and Huawei.
About Software AG
The digital transformation is changing enterprise IT landscapes from inflexible application silos to modern software platform-driven IT architectures which deliver the openness, speed and agility needed to enable the digital real-time enterprise. Software AG offers the first end-to-end Digital Business Platform, based on open standards, with integration, process management, in-memory data, adaptive application development, real-time analytics and enterprise architecture management as core building blocks. The modular platform allows users to develop the next generation of application systems to build their digital future, today. With over 45 years of customer-centric innovation, Software AG is ranked as a leader in many innovative and digital technology categories. Software AG has more than 4,300 employees, is active in 70 countries and had revenues of €873 million in 2015. Learn more at www.softwareag.com.
Senior Vice President Corporate Communications & Marketing Germany
Phone: +49 (0) 6151 92 2070
About Cumulocity GmbH
Cumulocity is the M2M (Machine to Machine) spin off of Nokia Siemens Networks. It focuses on innovate software solutions based on cloud technology for the M2M market. The solutions have set new industry standards and received industry awards for its innovative concepts. Cumulocity stands for fast cloud solutions: Cumulocity – a compound word of ‘Cumulus Cloud’ (“Cloud”) and ‘Velocity’.
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is Germany’s most active seed stage investor. With EUR 576 million under management (EUR 272 million HTGF I, EUR 304 million HTGF II), we provide financing for technology-driven companies active in a wide range of fields, including robotics, IoT and energy, Medtech and Biotech, chemicals and software. The seed financing provided is designed to enable start-ups to take their ideas through prototyping and to market launch. We typically invest EUR 600,000 in the seed stage, but can provide up to EUR 2 million in total financing per company in follow-on financing rounds. Furthermore, start-ups benefit from our team’s experience and expertise as well as HTGF’s extensive network of investors, experts, managers and scouts. Investors in this public-private partnership include the German Federal Ministry of Economics and Energy, the KfW Banking Group and numerous strategic corporate investors, including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Innogy, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, SAP, Tengelmann and Carl Zeiss.