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.“