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Siemens to Acquire Polarion Software, Expanding Support for Growing ALM Market - Siemens has entered into an agreement to acquire Polarion Software, developer of the first browser-based application lifecycle management (ALM) enterprise solution - Polarion.com
Siemens to Acquire Polarion Software, Expanding Support for Growing ALM Market

 

NewswireToday - /newswire/ - Stuttgart, Germany, 2015/11/25 - Siemens has entered into an agreement to acquire Polarion Software, developer of the first browser-based application lifecycle management (ALM) enterprise solution - Polarion.com.

   
 
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• Siemens expands PLM by integrating Polarion ALM with product lifecycles;
• Further enhances Siemens’ offerings for smart, software driven products;
• Extends Siemens’ commitment to deliver open architecture solutions;
• Acquisition continues Siemens support for digitalization in manufacturing.

The transaction is expected to close during the first quarter of 2016. Terms of the acquisition will not be disclosed.

Software is an integral part of product development across all industries and ALM enables manufacturers to continuously integrate, verify and validate the growing software content they build into their products. Polarion is a leader in the ALM market, leveraging an open architecture, exhibiting state-of-art source code management as well as supporting the needs of open source development.

As one of the world’s leading developers of product lifecycle management (PLM) software, Siemens will add the Polarion offerings to its Teamcenter® software, making ALM an integral part of the product development process. This acquisition will further enhance Siemens support for systems driven product development, a holistic development approach that combines systems engineering with an integrated product definition, in an open environment.

“Today’s announcement is another step in Siemens’ commitment to help our customers fully realize the benefits of digitalization,” said Chuck Grindstaff, CEO and president of Siemens PLM Software. “By adding Polarion ALM solutions to our PLM portfolio, we are further strengthening our ability to help companies create smart, connected products. Polarion's advanced functions integrate software specification, development, testing and simulation further into our market leading systems-driven product development environment. We are delighted to welcome the Polarion team to our organization and to integrate their leading ALM offerings into our Smart Innovation Portfolio.”

Polarion is a leader in the ALM market with major customers in all core PLM industries as well as customers in adjacent high growth industries.

“Our two companies have enjoyed a successful relationship over the past two years and we have developed a joint market strategy. This acquisition now offers us an opportunity to move further and faster towards the delivery of high value PLM/ALM solutions to our customers,” says Frank Schroeder, CEO, Polarion Software. “Siemens clearly recognizes the value we bring to PLM, and the critical component of ALM within their digitalization strategy. We view this as a great benefit for our customers and we welcome the expanded opportunities that will result from being a part of Siemens.”

Polarion Software (polarion.com) is a leading provider of a 100 percent browser-based and unified platform for Requirements, Quality, and Application Lifecycle Management. The company helps global organizations in a wide range of industries from automotive to medical device and aerospace creators of products that people trust achieve agility, traceability and compliance for their complex products. More than 2.5 million users worldwide rely on Polarion to fuel collaboration; integrate ALM and PLM; and more efficiently bring their high-quality products to market.

Siemens PLM Software (siemens.com/plm), a business unit of the Siemens Digital Factory Division, is a leading global provider of product lifecycle management (PLM) and manufacturing operations management (MOM) software, systems and services with over nine million licensed seats and more than 77,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with its customers to provide industry software solutions that help companies everywhere achieve a sustainable competitive advantage by making real the innovations that matter.

 
 
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Siemens to Acquire Polarion Software, Expanding Support for Growing ALM Market

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Polarion Software | Siemens PLM Software
Publisher Contact: Michael Carey - Polarion.com 
877-572-4005 michael.carey[.]polarion.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Polarion Software securities in any jurisdiction including any other companies listed or named in this release.

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