Software AG Acquires Cumulocity and Extends its Internet of Things Technology Leadership
Software AG today acquired Cumulocity, 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.
“The Internet of Things and Industry 4.0 are central growth markets for Software AG and for the entire technology sector. With the acquisition of Cumulocity, we are strengthening our technological market leadership and facilitating our customers’ access to the Internet of Things. They benefit from an expanded, holistic product portfolio that combines the data from physical sensors with innovative, analytical software solutions.” Said Karl-Heinz Streibich, Chief Executive Officer, Software AG.
“The successful cooperation between Software AG and Cumulocity started in 2015 in the context of a strategic IoT partnership - the merger is a next logical step. We are convinced that we will be able to accelerate our success story as part of Software AG. Especially our partners and customers will benefit from the merger of both companies.” Said Bernd Gross, Chief Executive Officer, Cumulocity. Read the full article here.