Software AG Buys IoT Cloud Firm Cumulocity

Software AG Buys IoT Cloud Firm Cumulocity

By Staff Writer

Software AG has acquired Cumulocity, a German-based firm that develops innovative solutions for the Internet of Things (IoT), for an undisclosed amount.

Software AG said the acquisition of Cumulocity is a further step in the expansion of its technology leadership in the IoT area, following the successful acquisition of the artificial intelligence company Zementis in December 2016.

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.

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 areas of application.

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.Based on a strategic partnership, Software AG embedded Cumulocity’s IoT Cloud Platform into its Digital Business Platform software portfolio two years ago.

“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,” says Karl-Heinz Streibich, CEO of Software AG.

 

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