DGAP-News

Software AG Acquires Cumulocity and Extends its Internet of Things Technology Leadership

DGAP-News: Software AG / Key word(s): Mergers & Acquisitions Software AG Acquires Cumulocity and Extends its Internet of Things Technology Leadership 27.03.2017 / 11:07 The issuer is solely responsible for the content of this announcement. Software AG Acquires Cumulocity and Extends its Internet of Things Technology Leadership

- Cumulocity provides a comprehensive IoT cloud platform for integrating networked devices

- Software AG now integrates the IT world with IoT devices and Operational Technology

- With this acquisition Software AG strengthens its leading position in the IoT market

Darmstadt, March 27^th, 2017 - Software AG (Frankfurt TecDAX: SOW) today announced the acquisition of Cumulocity GmbH ("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 - 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, following the successful acquisition of the artificial intelligence company Zementis in December 2016. Financial details of the transaction were not disclosed.


Based on a strategic partnership, Software AG embedded Cumulocity's IoT Cloud Platform into its Digital Business Platform software portfolio two years ago. The combination of the Digital Business Platform and Cumulocity's Application and Device Management technology reduces the complexity of the Internet of Things and allows the scalable and flexible management of networks of millions of devices. Additionally, enterprises can integrate those IoT edge devices with any existing IT application and deploy other Digital Business Platform software products to those devices.