Software AG buys Cumulocity for IoT business

 

Software AG announced the acquisition of Cumulocity, based in Dusseldorf, Germany, a developer of solutions for the Internet of Things (IoT) connectivity.

Financial details were not disclosed.

Cumulocity develops IoT connectivity solutions for networked digital devices and sensors through a cloud-hosted IoT device management and application enablement platform.

Enterprise clients can integrate their IT applications with operational IoT devices by embedding Cumulocity’s IoT solutions into Software AG’s portfolio.

Maximum ease of use, flexibility and ultimately business value will be the benefits to enterprises.

Combination of the Digital Business Platform and Cumulocity’s Application and Device Management technology reduces the complexity of IoT and allows the scalable and flexible management of networks of millions of devices. Enterprises can integrate those IoT edge devices with any existing IT application and deploy other Digital Business Platform software products to those 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,” said Karl-Heinz Streibich, chief executive officer of Software AG.

Bernd Gross is the chief executive officer of Cumulocity.

The acquisition of Cumulocity technology completes Software AG’s portfolio of core Internet of Things software services. These are streaming analytics, on-premise, cloud and hybrid – and now IoT device – integration, in-memory technology, dynamic process management and IoT edge device management.

Software AG in December 2016 acquired the artificial intelligence company Zementis for expanding its technology leadership in the global IoT area.

In addition to 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.