12.06.2018
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DGAP-News: Software AG acquires TrendMiner to expand IoT portfolio through time-series data used in AI algorithms
DGAP-News: Software AG / Key word(s): Takeover
Software AG acquires TrendMiner to expand IoT portfolio through time-series
data used in AI algorithms
12.06.2018 / 16:17
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Software AG acquires TrendMiner to expand IoT portfolio through time-series
data used in AI algorithms
- TrendMiner offers an intuitive self-service analytics platform for
time-series-based data.
- TrendMiner enables domain experts to analyze, monitor and predict the
performance of manufacturing processes.
- Software AG will integrate TrendMiner portfolio into its leading
Cumulocity IoT platform.
Darmstadt, Germany, June 12, 2018 - Software AG (Frankfurt TecDAX: SOW)
today announced its acquisition of TrendMiner NV. Founded in 2008 and based
in Hasselt, Belgium. TrendMiner specializes in visual data analytics for the
manufacturing and process industry and will complement Software AG's
Cumulocity Internet of Things (IoT) and Industry 4.0 product portfolio. It
enables manufacturing companies and the process industries to quickly and
easily recognize patterns and trends in their process data, identify
production irregularities, and adapt necessary process adjustments early -
without the need for support from IT specialists or data scientists.
TrendMiner's plug-and-play software adds value immediately after deployment.
Following its acquisitions of artificial intelligence (AI) specialist
Zementis (2016) and Cumulocity IoT (2017), Software AG's acquisition of
TrendMiner is consolidating its leading position in the rapidly growing IoT
market. TrendMiner employs advanced analytics methods such as diagnostic,
visual and predictive analytics used in AI algorithms; the technology uses
all available time-series IoT data and delivers findings in a user-friendly
format.
Karl-Heinz Streibich, Software AG CEO stated, "TrendMiner provides an ideal
fit into our Cumulocity IoT portfolio at a strategically decisive moment. We
are in a phase of dynamic market development for IoT applications. Together
with TrendMiner, we will be able to offer a leading streaming and visual
time-series analytics platform - a unique combination."
Bert Baeck, CEO and co-founder of TrendMiner added, "At TrendMiner, we share
Software AG's vision for enabling organizations to fundamentally leverage
the connected world. We believe every industry, but especially manufacturing
and process industries, will be significantly transformed in this Internet
of Things era. We are very excited with the opportunity to leverage the
resources and proven IoT portfolio that Software AG delivers."
TrendMiner has specific expertise in the development and consulting of
pattern recognition and analytics functionality for the oil and gas, life
sciences and manufacturing sectors. Its customer base includes many global
market leaders such as Total, BASF, Evonik, Covestro and Pfizer. The company
has 50 percent of the top 50 companies of the chemical industry as
customers.
Headquartered in Belgium, it has sales offices in the Netherlands, Germany
and the USA. The company was founded in 2008 as a spin-off of the K.U.
Leuven University in Belgium.
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About Software AG
Software AG (Frankfurt TecDAX: SOW) helps companies with their digital
transformation. With Software AG's Digital Business Platform, companies can
better interact with their customers and bring them on new 'digital'
journeys, promote unique value propositions, and create new business
opportunities. In the Internet of Things (IoT) market, Software AG enables
enterprises to integrate, connect and manage IoT components as well as
analyze data and predict future events based on Artificial Intelligence
(AI). The Digital Business Platform is built on decades of uncompromising
software development, IT experience and technological leadership. Software
AG has more than 4,500 employees, is active in 70 countries and had revenues
of EUR879 million in 2017.
To learn more, visit www.softwareag.com
About TrendMiner
TrendMiner delivers discovery, diagnostic and predictive analytics software
for the process industry. TrendMiner software is based on a high-performance
analytics engine for process data captured in time series. Through an
intuitive web-based client, process engineers and operators can easily
search for trends themselves using pattern recognition and machine learning
technologies. The TrendMiner plug and play software adds value immediately
after deployment, eliminating expensive investments in big data
infrastructure and long implementation projects. TrendMiner software can
improve efficiency and quality, reduce waste and energy consumption, and
optimize production performance across divisions. TrendMiner, founded in
2008, is a software company with global headquarters in Hasselt, Belgium and
offices in the Netherlands, Germany, Spain and the U.S.
To learn more, visit www.trendminer.com
Software AG | Uhlandstrasse 12 | 64297 Darmstadt | Germany
Detailed press information about Software AG including a picture and
multimedia database are available under: www.softwareag.com/press
Follow us on Twitter: Software AG Germany | Software AG Global
Contact:
Byung-Hun Park <[1][email protected]>
Head of Global Corporate Communications
Tel: +49 (0) 6151 92 2070
1. mailto:[email protected]
Dominik Nagel < [email protected]>
Corporate Communications
Tel: +49 (0) 6151 92 1976
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12.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: [email protected]
Internet: www.softwareag.com
ISIN: DE000A2GS401
WKN: A2GS40
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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