Mendix

As part of its transition to a new SaaS business model, Siemens Digital Software Industries launches its entire Xcelerator portfolio of engineering software as a cloud offering.

Acquisition of TimeSeries to expand Xcelerator portfolio through development of industry-specific apps built on Mendix platform.

Company offers 30-day free trial of cloud-based Teamcenter offering.

Solution combines Mendix and Siemens software portfolio to enable rapid product validation.

Integrating software and embracing digital transformation pose unique challenges.

The low-code environment opens up IoT app development to non-programmers while encouraging greater design iteration.

As a result of the Mendix acquisition, Siemens to accelerate investments and growth in Mendix’s organic business and verticals, fueling faster go-to-market expansion; Siemens to create SaaS solutions and extensions, leveraging joint Siemens and Mendix ecosystems and partnerships.

The roughly $700 million acquisition, which adds Mendix into the software business of Siemens’ Digital Factory Division, is a critical piece of the company’s strategy to position its MindSphere IoT platform for digital transformation.

Using Mendix, the company can reduce development time for IT applications from months to weeks, a press release states.