Siemens acquires low-code platform Mendix for $730 million

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Siemens, Munich headquarters

Siemens has signed an agreement today to acquire Mendix, a cloud native low code application development for $730 million.

Mendix will retain its distinct brand, culture and continue serving customers across the full range of industries with its unique platform and broad ecosystem and community.

Siemens will continue to invest in Mendix’s independent product roadmap, continuing its legacy as the most-innovative, open low-code cloud platform. Mendix will be part of the software business of Siemens’ Digital Factory (DF) Division, with the Mendix platform also deployed across other divisions.

As enterprises invest to digitalise their operations, demand for business applications is growing significantly faster than the capacity of IT organisations to deliver them. Low code application development platforms provide features for rapid development, deployment and execution of applications in the cloud.

Klaus Helmrich, member of the Managing Board of Siemens AG said: “We acquire mendix to extend our leading position in digitalizing the industrial world, which is a cornerstone of our Vision 2020. Mendix is a leader in the rapidly expanding low-code segment and their platform will help our customers to adopt MindSphere even faster by accelerating cloud-based application development for the Industrial Internet of Things (IIoT).”

Mendix was founded in 2005 in Rotterdam, Netherlands and is headquartered in Boston, Massachusetts.

Derek Roos, co-founder and CEO of Mendix commented: “When we pioneered the low-code market over a decade ago, we had a bold vision to help customers change the way they build software, but we never imagined the oceanic opportunity that’s now in front of us.

“I’m thrilled to accelerate our vision at a much larger scale with the incredible team, assets, industry know-how and footprint of Siemens behind us. Being part of Siemens will allow us to serve our customers even better by accelerating our R&D vision, adding a much larger pool of go-to-market resources, and leveraging an enormous global infrastructure. And we’ll do this while maintaining our unique culture, brand and R&D capability that has allowed us to become the leader in our space – I can’t think of a better outcome for our customers, community, partners and team.”

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