Siemens acquires TimeSeries to help customers speed digital transformation through increased adoption of low-code

• Acquisition of TimeSeries to expand Xcelerator portfolio through development of industry-specific apps built on Mendix platform

Siemens Digital Industries Software today announced that it has signed an agreement to acquire TimeSeries, a leading Independent Software Vendor (ISV) and Mendix partner. TimeSeries has significant expertise in the development of vertical apps built on the Mendix™ low-code platform, which will help Siemens accelerate digital transformation by increasing adoption of low-code and offering new apps including smart warehousing, predictive maintenance, energy management, remote inspections and more. The industry-leading Mendix low-code platform is the cloud foundation for Siemens’ Xcelerator™ portfolio of integrated software and services.

“The addition of TimeSeries to Siemens will help our customers and partners get to value with low-code even faster,” said Derek Roos, CEO & co-founder, Mendix. “We’re equipping enterprises with cutting-edge digital capabilities to help them elevate how they conduct business and deliver rich, engaging experiences. The TimeSeries team brings deep expertise in developing SaaS solutions for a range of verticals, and I’m excited to welcome them to Siemens.”

TimeSeries will expand capabilities that can help enterprises and ISVs everywhere accelerate their digitalization efforts using the Mendix platform. Through bespoke industry apps and best practices, templates and re-useable components that leverage advanced technologies — including AI, intelligent process automation, multiexperience, state-of-the-art UI design, multi-cloud, and more — Siemens will be able to deliver better experiences to customers, employees, and suppliers.

“Since our acquisition of Mendix in 2018, we have continued to see how this powerful low-code platform is a game changer for companies across every industry,” said Tony Hemmelgarn, President and CEO, Siemens Digital Industries Software. “The addition of TimeSeries to Siemens will enable us to significantly expand the development of new apps, increase adoption of our low code platform and grow the Xcelerator ecosystem.”

Since 2012, TimeSeries has been developing industry-specific applications for industries including manufacturing, healthcare and life sciences, energy and banking and financial services. Their configurable app templates capture industry best practices and solve repeatable problems, and can be quickly and easily customized to the needs of individual enterprises. These apps, combined with Siemens’ industrial expertise and go-to-market reach, can enable customers across the full spectrum of industries to utilize the power of low-code and the Mendix platform even faster.

“From the start, TimeSeries has been focused on solving our customers’ challenges by bringing together the best people and latest technologies and pushing that to the limit. Now, as part of Siemens, we’re excited to bring the power of pre-built and customizable low-code solutions to more industries,” said Erik Gouka, CEO, TimeSeries. “Joining Siemens Digital Industries Software will unlock huge new opportunities for us, and we’re looking forward to help even more companies digitally transform.”

TimeSeries has offices in the United States, the Netherlands, Germany, and Canada.

Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. The Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities and levels of automation to drive innovation. For more information on Siemens Digital Industries Software products and services, visit www.sw.siemens.com or follow us on LinkedIn, Twitter, Facebook and Instagram. Siemens Digital Industries Software – Where today meets tomorrow.

About Mendix

Mendix, a Siemens business, is the only low-code platform designed to address the full complexity of enterprise software development challenges. Deploying point solutions to departmental problems solves things at a micro level—but if you want to make a significant impact on your business, you need to go bigger and build powerful portfolios that move the needle sustainably and strategically.

With Mendix, enterprises can take on more complex, transformational initiatives by engaging everyone in capturing requirements, forming ideas, and embedding value assessment throughout the lifecycle of the software portfolio.

Focus on the right problems while relying on governance and control to avoid unnecessary risk. Mobilize your organization. Build the change readiness muscle. And when the next big idea drops, turn it into an outcome quicker.

More than 4,000 organizations in 46 countries use the Mendix low-code platform. An active community of over 300,000 developers has created over 950,000 applications – and counting.