Siemens Smart Infrastructure (Siemens), has completed the acquisition of Brightly Software, a US-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.

According to a statement from Siemens, the acquisition elevates the company to a leading position in the software market for buildings and built infrastructure. The acquisition combines Brightly’s cloud-based capabilities across key sectors – education, public infrastructure, healthcare, and manufacturing – with Siemens’ digital and software know-how in buildings.

Additionally, Brightly’s an addition to the Siemens portfolio accelerates the build-up of Siemens’ SaaS business, enabling the companies to deliver superior performance and sustainability for built 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,” said Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure.

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. 

It is estimated that 7 billion people will live in urban areas by 2050. This trend, coupled with the urgency of tackling climate change, highlights the need for smart and sustainable communities and infrastructure, Siemens noted, adding that it is striving to build smart communities, that are enabled by digitalisation and intelligent systems.

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. Brightly, a Siemens company, is now part of Siemens SI, and will report to its CEO. 

Meanwhile, Kevin Kemmerer, CEO of Brightly said: “Today marks an exciting milestone in Brightly’s history as we join Siemens. With digital transformation and ESG mandates on the rise, our global community is at a crossroads – one that requires intelligent software solutions to transform the performance of infrastructure assets.”