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Press Release25 October 2022Digital IndustriesPlano,
Texas, USA
Siemens launches innovative cloud-native software for electrical design
Siemens’ Capital Electra X is a new cloud-native electrical design software as a service offering, targeting small to medium sized businesses
“Many products across multiple
industries are differentiated via increasingly sophisticated electrical content,
driving rapid adoption of commercial electrical design tools,” said Frances
Evans, senior vice president, Integrated Electrical Systems, Siemens Digital
Industries Software. “However, individual electrical engineers or small design
teams often struggle with the higher cost-of-ownership and longer
time-to-productivity of more complex enterprise-focused solutions. Instead, a browser-based SaaS solution designed
for ease of use, rapid adoption and with minimal training requirements, will
enable them to create electrical schematics easier and faster, using any device,
for a low monthly cost.”
The new Capital Electra X
offering is based on pioneering technology from the recently acquired Radica
Software Sdn. Bhd., based in Ipoh, Malaysia.
“As a provider of
cloud-native electrical CAD, with a proven digital go-to-market model, and over 300 customers
across 50 countries, the Radica Software team are proud and excited to join
Siemens,” said Thomas Yip, CEO, Radica
Software. “The combination of the
Electra Cloud technology from Radica, bolstered by Siemens’ technology, development capacity
and global reach, provides the
opportunity to better
serve the SMB electrical design market with the first fully cloud-native SaaS
solution tailored towards individuals and small teams.”
“Siemens, with its broad
and deep Capital product suite, is a leading solution provider in enterprise
electrical design, especially in the automotive, aerospace and off-road vehicle
industries,” said Chad Jackson, CEO and Chief Analyst, Lifecycle Insights. “Our
research has shown that companies of many sizes are building out electrical
design competencies to support the development of smart, connected products. With
Capital Electra X, Siemens supports small and medium-sized businesses’ efforts
to incorporate electrical systems into their offerings with power and ease of
access. More broadly, this acquisition
bolsters the entire Capital suite, allowing Siemens to serve the right solution
to those working on products of any complexity and in any stage of growth.”
The Capital Electra X offering is available immediately. Further information, including pricing and
capabilities, and an option for a 30-day free trial is available at
siemens.com/capitalelectrax
Siemens’ acquisition of Radica Software closed
on July 01, 2022. Terms of the transaction were not disclosed.
Siemens Digital Industries Software helps organizations of all sizes digitally transform using
software, hardware and services from the Siemens Xcelerator business platform.
Siemens' software and the comprehensive digital twin enable companies to
optimize their design, engineering and manufacturing processes to turn today's
ideas into the sustainable products of the future. From chips to entire systems,
from product to process, across all industries,
Siemens Digital Industries Software
is where today meets tomorrow.
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Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.
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.
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.