INSUBCONTINENT EXCLUSIVE:
Siemens, the giant German technology company, today announced that it has acquired Mendix, the popular low-code application development
platform, for €0.6 billion (or about $700 million)
Mendix, which was founded in the Netherlands but now has its headquarters in Boston, will continue to operate as usual and keep its name,
but Siemens notes that it will also use the company technology to accelerate its own cloud, IoT and digital enterprise ambitions.
As part of
our digitalization strategy, Siemens continues to invest in software offerings for the Digital Enterprise
With the acquisition of Mendix, Siemens continues to add to its comprehensive Digital Enterprise and MindSphere IoT portfolio, with cloud
domain expertise, cloud agnostic platform solutions and highly skilled people,& said Jan Mrosik, CEO of Siemens& Digital Factory
Division.
Mendix service is already deeply integrated into IBM&s, SAP andPivotal‘s cloud services
Mendix co-founder and CEO Derek Roos notes that his company and Siemens first discussed a strategicpartnership, but as those talks
progressed, the two companies moved toward an acquisition instead
Roos argues that the two companies& visions are quite similar and that Siemens is committed to helping accelerate Mendix growth, extend the
company platform and combine it with Siemens& existing MindSphere IoT system.
IBM brings Mendix low-code platform to its cloud
If you&ve
ever wondered which low-code platform will have the viability to invest and win in the long term, you no longer have to guess,& Roos writes
&This commitment and investment from Siemens will allow us to accelerate RD and geo-expansion investments significantly
You&re going to see faster innovation, more reach and an even better customer experience from us.
Over the course of the last few years,
&low-code& has become increasingly popular as more and more enterprises try to enable all of their employees to access and use the data they
Not every employee is going to learn how to program, though, so tools like Mendix, K2 and others now make it easy for non-developers to
quickly build (mostly database-backed) applications.
Siemens also today announced a new company structure, dubbed Vision 2020+
The details of that aren''t all that interesting, but the company does note that it was to strengthen its growth portfolio through
investments in fields like IoT integration services
The Mendix acquisition is part of that, but I&m sure we&ll see a few similar moves in the near future.
Ahead of today acquisition, Mendix
had raised about $38 millionfrom investors like Battery Ventures, Prime Ventures and HENQ Invest.
