Siemens Smart Infrastructure (SI), the front-runner in digital buildings, has signed an agreement to acquire Brightly Software, a leading U.S.-based Software-as-a-Service (SaaS) provider of asset and maintenance management solutions.
The acquisition elevates SI to a foremost position in the software market for buildings and built infrastructure. The purchase price is USD 1.575 billion, plus an earn-out.
The acquisition will add Brightly’s well-established cloud-based capabilities across key sectors of education, public infrastructure, healthcare, and manufacturing to Siemens’ digital and software know-how in buildings.
It also accelerates the build-up of Siemens’ SaaS business and enables Siemens and Brightly together to deliver superior performance and sustainability for built infrastructure.
Brightly is expected to benefit from Siemens’ global presence, while Siemens leverages the software provider&rsq…