- 04 August 2022
The acquisition puts Siemens in a prime position to address the rapidly growing software market for buildings and built infrastructure.
Siemens Smart Infrastructure (SI), the leader in digital buildings, has completed the acquisition of Brightly Software, a leading US-based software-as-a-service (SaaS) provider of asset and maintenance management solutions. The acquisition lifts SI to a leading position in the building and infrastructure software market. It adds Brightly’s established cloud-based capabilities in key sectors – education, public infrastructure, healthcare and manufacturing – to Siemens’ digital and software expertise in buildings. The addition of Brightly to the Siemens portfolio accelerates the build-out of SI’s SaaS business, enabling the companies to deliver superior performance and sustainability for built infrastructure.
“We are delighted to welcome Brightly to the Siemens family. Together with Brightly, we can take buildings to a higher level of performance and strengthen Siemens’ position in the fast-growing market of buildings and built infrastructure,” said Matthias Rebellius, Member of the Board of Directors of Siemens AG and CEO of Smart Infrastructure. “We see significant potential for value creation and growth opportunities by linking the offering under Siemens Xcelerator and Brightly’s established SaaS business and customer base.”
The signing of a binding acquisition agreement related to the transaction was announced on June 27 this year. Following the announcement, Siemens launched Siemens Xcelerator, an open digital business platform, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, networks and mobility.
“Today marks an exciting milestone in Brightly’s history as we join Siemens. With digital transformation and ESG mandates on the rise, our global community is at a crossroads – one that requires intelligent software solutions to transform the performance of infrastructure assets,” said Kevin Kemmerer, CEO of Brightly. “Together with Siemens, we are well positioned to help our customers around the world build a future where efficient operations and smart assets power sustainable communities.”
It is estimated that 7 billion people will live in urban areas by 2050. This trend, coupled with the urgency to tackle climate change, underscores the need for smart and sustainable communities and infrastructure. Siemens strives to build smart communities, powered by digitalization and intelligent systems. The company’s solutions, services and software connect the real and digital worlds, as well as IT and OT, injecting intelligence into the operations of the built infrastructure.
Headquartered in Cary, NC, Brightly has approximately 800 employees serving approximately 12,000 customers primarily in the US, Canada, UK and Australia. Brightly, a Siemens company, is now part of Siemens SI and reports to the CEO.
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