CLOUD
CLOUD
CLOUD
Software AG invites bids for its Cumulocity and Trend Miner platforms
Privately held software company Software AG has invited interested parties to submit bids to acquire two of its software platforms, and is also exploring its options over a third one as it continues to streamline its operations.
The report today comes from the German-language publication Handelsblatt, which cites sources familiar with the matter as saying that the company is looking to sell its Cumulocity and Trend Miner platforms. The company is also exploring options regarding its Alfabet software, Handelsblatt said.
Software AG’s Cumulocity is a platform for managing internet of things devices, while Trend Miner is a data analytics platform used by industrial companies. Alfabet provides tools for visualizing company architecture.
The report didn’t detail if any parties have shown an interest in the concerned platforms, but it suggests that Software AG is intent on further streamlining its business after agreeing to sell its StreamSets and webMethods platforms to IBM Corp. earlier this month. It was just 10 days ago that IBM announced it will acquire those two platforms for a reported fee of about €2.13 billion ($2.33 billion) in cash.
Those two platforms were among Software AG’s core offerings, as the company was valued at €2.4 billion when it was taken private by the investment firm Silver Lake LLC this summer.
Should Software AG proceed with the sale of its Cumulocity and Trend Miner platforms, it would mean that the company has essentially shed the bulk of its major business segments. However, it still owns a database platform called Adabas & Natural, as well as a business process analysis and management tool called ARIS.
Image: Software AG
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
