Siemens acquires Rotterdam-based TimeSeries to help customers accelerate digital transformation
Texas-based Siemens Digital Industries Software, a provider of product lifecycle management and manufacturing operations management software, announced the acquisition of TimeSeries, an independent software vendor (ISV) , and partner of Mendix (Mendix was acquired by Siemens Digital back in 2018).
According to TimeSeries, he has significant expertise in developing vertical applications based on the low-code Mendix platform. This will help Siemens accelerate digital transformation by increasing adoption of low code and delivering new applications such as smart warehousing, predictive maintenance, energy management, remote inspections, and more.
The Mendix low-code platform is the cloud base for Siemens Xcelerator portfolio of integrated software and services.
Brief about Mendix
Founded in 2005 by Derckjan Kruit and Derek Roos, Mendix is a low-code, high-productivity enterprise platform that enables organizations to innovate and compete with applications.
The Mendix platform helps promote collaboration between business and IT teams to accelerate application development cycles, while maintaining high standards of security, quality and governance. Mendix’s “Go Make It” platform has been adopted by more than 4,000 companies around the world.
Speaking on the development, Derek Roos, CEO and co-founder of Mendix, said: “Adding TimeSeries to Siemens will help our customers and partners take advantage of low-code even faster. We empower businesses with cutting-edge digital capabilities to help them improve the way they do business and deliver rich, engaging experiences. The TimeSeries team brings deep expertise in developing SaaS solutions for a range of verticals, and I am delighted to welcome them to Siemens. “
Make your business smarter
TimeShare was founded in 2012 by Erik Gouka and Michel Schilt. The two founders are experienced entrepreneurs who have worked together for 20 years on innovative solutions in the energy and utilities market.
TimeSeries applies technologies such as Mendix, Big Data, AI, and Blockchain to create smart solutions. Since its inception, the company has developed industry-specific applications for industries such as manufacturing, healthcare and life sciences, energy and banking and financial services.
Application models solve repeatable problems and can be customized according to the needs of individual businesses. These applications, combined with Siemens’ industry expertise and market reach, can enable customers to harness the power of low-code and the Mendix platform even faster.
TimeSeries has offices in the United States, the Netherlands, Germany and Canada.
Objective of this acquisition
Siemens believes TimeSeries will expand capabilities that can help businesses and independent software vendors accelerate their digitization efforts using the Mendix platform.
Through industry-specific applications, models and reusable components that harness advanced technologies – such as AI, intelligent process automation, user interface design, multi-cloud, and more. – Siemens will be able to provide better experiences for customers, employees and suppliers.
Tony Hemmelgarn, President and CEO of Siemens Digital Industries Software, said: “Since our acquisition of Mendix in 2018, we have continued to see how this powerful low-code platform is game-changing for companies across all industries. . Adding TimeSeries to Siemens will allow us to significantly expand new application development, increase adoption of our low-code platform, and grow the Xcelerator ecosystem. “
About Siemens Digital Industries Software
Formerly Siemens PLM Software, the company says its new name reflects the depth of its software offerings across a wide range of industry areas. The company was founded in 2007 by Werner von Siemens and currently headed by CEO Tony Hemmelgarn.
Siemens Digital Industries Software works collaboratively with its customers to create open business solutions that enable them to transform their innovation process and maximize value throughout all phases of the product lifecycle.
Product Lifecycle Management (PLM) is an important and visible business strategy that enables companies to digitally manage product information – from ideation to retirement, in order to achieve more business value for each product. . The company’s portfolio, Xcelerator, provides organizations of all sizes with new perspectives, opportunities and levels of automation to drive innovation.
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