New-Tech Europe Magazine | Aug 2018

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on system security. As part of this collaboration, the two parties will further explore the planning, implementation and security standards of the IoT, enabling SMEs and individuals to deploy and access Alibaba Cloud in a low-cost, highly reliable manner. This will enable the participants to share in the development dividend

with Infineon’s semiconductor technology solutions. We believe that this will effectively promote the deployment of IoT in smart industries.” “As the world’s leading semiconductor manufacturer, Infineon is committed to combining our advanced IoT semiconductor solutions with local experience,” said Andreas

Siemens to acquire mendix, a leader in low-code application development, for €0.6 billion Acquisition to accelerate adoption of MindSphere by ecosystem growth and 10x faster application development Closing of transaction expected in first quarter of fiscal year 2019 Siemens has signed an agreement today to acquire mendix, a pioneer and leader in cloud native low code application development. Under the agreement, Siemens will pay in cash €0.6 billion to acquire the company. Mendix will retain its distinct brand, culture and continue serving customers across the full range of industries with its unique platform and broad ecosystem and community. Siemens will continue to invest in mendix’s independent product roadmap, continuing its legacy as the most-innovative, open low-code cloud platform. Mendix will be part of the software business of Siemens’ Digital Factory (DF) Division, with the mendix of the IoT, while protecting them from losses caused by security risks. The two companies also plan to collaborate on e-commerce channels. Based on this, both parties will make use of Alibaba Cloud’s integration capabilities and successful experiences in IoT and work together to create advanced and secure IoT solutions. This will help upgrade and transform the smart digitalization of SMEs, allowing them to manage the entire production process through digital means. “The construction and improvement of the IoT ecosystem requires gathering the advantageous resources and power of all parties,” said Wei Ku, Vice President of Alibaba Group and General Manager of Alibaba Cloud IoT. “This partnership combines Alibaba Cloud’s capabilities in operating systems

platform also deployed across other Divisions. As enterprises invest to digitalize their operations, demand for business applications is growing significantly faster than the capacity of IT organizations to deliver them. Low code application development platforms provide features for rapid development, deployment and execution of applications in the cloud. “We acquire mendix to extend our leading position in digitalizing the industrial world, which is a cornerstone of our Vision 2020+”, said Klaus Helmrich, member of the Managing Board of Siemens AG. “Mendix is a leader in the rapidly expanding low-code segment and their platform will help our customers to adopt MindSphere even faster by accelerating cloud-based application development for the Industrial Internet of Things (IIoT)”, he added. “As part of our digitalization strategy, Siemens continues to invest in software offerings for the Digital “Sustainable growth in mainland China is one of Infineon’s most important development strategies, and is also our long- term goal in the Chinese market,” said David Poon, Vice President of Power Management & Multimarket, Infineon Greater China. “We are very pleased to work with leading companies like Alibaba Cloud, and to join in creating an IoT service platform that meets the needs of the local market, helps companies achieve digitalization, and provides a driving engine for innovation and the development of smart cities in China.” Urschitz, President of the Power Management & Multimarket Division at Infineon, “This partnership with Alibaba marks our efforts in this field.”

Siemens strengthens its digital enterprise leadership with acquisition of mendix

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