Software AG announced Monday the acquisition of IoT device management and application enablement platform 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.
For Software AG, 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. Financial details of the transaction were not disclosed.
“The Internet of Things and Industry 4.0 are central growth markets for Software AG and for the entire technology sector,” said Software AG CEO Heinz Streibich. “With the acquisition of Cumulocity, we are strengthening our technological market leadership and facilitating our customers’ access to the Internet of Things.”
Software AG has announced major, strategic IoT or Industry 4.0 alliances with major corporations in recent months including Bosch, Octo, Dell and Huawei.