Software for Building Operations

Siemens Closes Brightly Acquisition

4. August 2022, 17:41 Uhr | Andreas Knoll
Das Logo von Brightly – A Siemens Company
The logo of Brightly – A Siemens Company
© Siemens/Brightly

Siemens Smart Infrastructure (SI), an expert in digital buildings, has completed the acquisition of Brightly Software, a U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.

- Siemens Smart Infrastructure completes acquisition of Brightly, a leader in cloud-based asset and maintenance management software.

- Acquisition puts Siemens in pole position to address fast-growing software market for buildings and built infrastructure.

The acquisition elevates SI to a leading position in the software market for buildings and built infrastructure. It adds Brightly’s well-established cloud-based capabilities across key sectors – education, public infrastructure, healthcare, and manufacturing – to Siemens’ digital and software know-how in buildings. Brightly’s addition to the Siemens portfolio accelerates the build-up of SI’s SaaS business, enabling the companies to deliver superior performance and sustainability for built infrastructure.

“Together with Brightly, we can take buildings to the next level of performance and strengthen Siemens’ standing in the fast-growing market of buildings and built infrastructure,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure. “We see substantial value creation potential and growth opportunities from coupling the offerings under Siemens Xcelerator and Brightly’s well-established SaaS business and customer base.”

The signing of a binding acquisition agreement pertaining to the transaction was announced on June 27 this year. Following the announcement, Siemens launched Siemens Xcelerator, an open digital business platform, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, grids and mobility.

Brightly is headquartered in Cary, NC, and has around 800 employees serving around 12,000 customers, mainly across the U.S., Canada, U.K. and Australia. As a part of Siemens SI, Brightly is reporting to SI’s CEO.

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Siemens Schweiz AG, Siemens Schweiz AG Building Technologies Division