German-headquartered vendor incorporates analytics capabilities into business platform
German enterprise software vendor Software AG has acquired US machine learning and data analytics vendor Zementis, which it claims will bolster its Internet of Things (IoT) capabilities.
Zementis` Adaptive Decision and Predictive Analytics (ADAPA) product has already been adsorbed into Software AG`s Digital Business Platform, which will introduce real-time business analytics capabilities that track customer behaviour, market dynamics, security risks and IoT sensor information. The transaction details for the deal were not disclosed.
CEO of Software AG Karl-Heinz Streibich said: "The impact of the IoT on industry, business and society will dwarf anything we have experienced through technology so far.
"This is now widely acknowledged by [the] industry, as [are] the unique business insights that can be provided by combining predictive analytics, machine learning and streaming analytics. This combination has played a major role in the recent strategic IoT partnerships Software AG has established."
According to his LinkedIn page, Michael Zeller, CEO of Zementis, has taken a position at Software AG as senior vice president of AI strategy and innovation.
"Zementis was founded with the vision of delivering true interoperability for artificial intelligence, allowing machine learning and predictive models to rapidly move from development to deployment, allowing data-centric organisations and enterprises to easily incorporate AI into their routine operations," said Zeller.
"Software AG`s open standards strategy empowers clients to manage heterogeneous IT architectures, and perfectly complements the vendor-neutral AI capabilities that our solutions deliver."
Software AG claims it has made multiple IoT commitments in recent months, including alliances formed with Dell, Cumulocity and Bosch.
Founded in 2004, Zementis is headquartered in San Diego and has offices in San Francisco and Hong Kong.
Software AG has bought a total of 11 companies in the past six years. The firm`s chief customer officer Eric Duffaut told Channelnomics Europe earlier this year that any future acquisitions the vendor makes will be innovation driven.
The Darmstadt-headquartered firm offers a range of business software tools, including project management and database management platforms. It employs more than 4,300 people worldwide and turned over 873m last year.
(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers