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Press Release27 June 2022Siemens AGZug,
Switzerland
Siemens acquires Brightly Software to accelerate growth in digital building operations
“This is another important step in our
strategy as a focused technology company. By combining the real and digital
worlds, we provide our customers with the technology required to drive their
digital transformation to create the most sustainable and human-centric
buildings. Today’s acquisition bolsters our growth targets, especially for digital
revenue and software as a service. We are proud and excited to warmly welcome
Brightly to the Siemens family,” said Roland Busch, President and CEO of
Siemens AG.
Infrastructure owners and operators are
increasingly looking for software that supports more efficient and sustainable
operations. Brightly’s well-established SaaS business and customer base,
combined with Siemens’ existing building base and digital portfolio, will
facilitate data integration through IT and OT convergence, supporting
innovation, unique user experiences and optimized performance for buildings and
built infrastructure.
“Brightly
will enable us to leapfrog to the next level of performance for buildings. With
seamless data exchange between our offerings, our customers can expect enhanced
efficiency, lower downtimes and maintenance costs, shorter lifecycles, better
data-driven decisions and more satisfied tenants,” said Matthias Rebellius,
Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure. “The
acquisition will speed up our target of becoming a leading software company
also in infrastructure and support our vision of creating fully autonomous
buildings that continuously learn from and adapt to the needs of their tenants.”
It is estimated that 7 billion people will
live in urban areas by 2050. This trend, coupled with the urgency of tackling
climate change, highlight the need for smart and sustainable communities and
infrastructure. Siemens strives to build smart communities, enabled 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 operations of built infrastructure.
For 2022, Brightly expects
to achieve revenues of around USD 180 million. The expected annual recurring
revenue (ARR) for 2022 is USD 160 million. Brightly operates in a market that
is growing at a CAGR of 13 percent. The company is
headquartered in Cary, NC, and has around 800 employees serving around 12,000
customers, mainly across the U.S., Canada, U.K. and Australia. The company has
been owned by private equity firm Clearlake Capital since 2019.
“With digital transformation and
sustainability high on agendas, coupled with a challenging regulatory
environment, the need for connected assets and real-time asset data is driving greater
demand for intelligent asset management solutions across the globe,” said Kevin
Kemmerer, Chief Executive Officer at Brightly. “We see an incredible
opportunity to combine our knowledge and software with Siemens to accelerate
the digitization and optimization of the built environment. Helping customers
assess and manage their collective assets, build short- and long-term capital
plans and manage energy and ESG goals. Together, we have the experience to help
clients across the world transform the performance of their assets and create safe,
sustainable and thriving communities.”
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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2021, the business had around 70,400 employees worldwide.
Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2021, which ended on September 30, 2021, the Siemens Group generated revenue of €62.3 billion and net income of €6.7 billion. As of September 30, 2021, the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Brightly Software is a leader in intelligent asset management solutions, enables organizations to transform the performance of their assets. Brightly’s sophisticated cloud-based platform leverages more than 20 years of data to deliver predictive insights that help users through the key phases of the entire asset lifecycle. More than 12,000 clients of every size worldwide depend on Brightly’s complete suite of intuitive software – including CMMS, EAM, Strategic Asset Management, IoT Remote Monitoring, Sustainability and Community Engagement. Paired with award-winning training, support and consulting services, Brightly helps light the way to a bright future with smarter assets and sustainable communities. For more information, visit www.brightlysoftware.com.
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Reference Number: HQCOPR202206276488EN