Siemens Smart Infrastructure to acquire Brightly Software

Siemens Smart Infrastructure (SI) will acquire Brightly Software, a leading U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.

The $1.6 billion acquisition elevates SI to a leading position in the software market for buildings and built infrastructure. SI will add Brightly’s cloud-based capabilities to Siemens’ digital and software in buildings. It also accelerates the build-up of Siemens’ SaaS business. Brightly is expected to benefit from Siemens’ global presence as Siemens leverages the software provider’s footprint in the U.S. market.

“This is another important step in our strategy as a focused technology company. By combining the real and digital worlds, we provide our customers with the technology required to drive their digital transformation to create the most sustainable and human-centric buildings. Today’s acquisition bolsters our growth targets, especially for digital revenue and software as a service. We are proud and excited to warmly welcome Brightly to the Siemens family,” said Roland Busch, president and CEO of Siemens AG.

It is estimated that 7 billion people will live in urban areas by 2050. That, combined with the urgency of tackling climate change, highlights the need for smart and sustainable communities and infrastructure. Siemens strives to build smart communities enabled by digitalization and intelligent systems.

“With digital transformation and sustainability high on agendas, coupled with a challenging regulatory environment, the need for connected assets and real-time asset data is driving greater demand for intelligent asset management solutions across the globe,” Brightly CEO Kevin Kemmerer said. “We see an incredible opportunity to combine our knowledge and software with Siemens to accelerate the digitization and optimization of the built environment. Helping customers assess and manage their collective assets, build short- and long-term capital plans, and manage energy and ESG goals.”