By: James Brehm
Another large enterprise software company shored up its IoT solution set yesterday as Software AG announced the acquisition of application enablement platform Cumulocity over the weekend.
Cumulocity, a company that’d begun its life as a group within Nokia Siemens Networks as a cloud-based solution for M2M application and device management, was spun out in 2011. After a few years of consistent growth and partnership development, the past year has seen exponential revenue growth.
The merger was a logical next step for a partnership that had begun in 2015 between the two companies, and gave Software AG enterprise customers the ability to integrate IT applications with operational technology solutions– increasing business value.
With nearly all of the tools necessary to support end to end solution development, it will be interesting to see what Software AG does next.