USA – Siemens Smart Infrastructure (SI), the frontrunner in digital buildings, has acquired Brightly, an asset management software company used by many schools, governments, hospitals and manufacturers around the world for a purchase price of $1.575B.
The acquisition will add 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 Software is a leader in intelligent asset management solutions, enables organizations to transform the performance of their assets.
Brightly’s sophisticated cloud-based platform leverages more than 20 years of data to deliver predictive insights that help users through the key phases of the entire asset lifecycle.
More than 12,000 clients of every size worldwide depend on Brightly’s complete suite of intuitive software – including CMMS, EAM, Strategic Asset Management, IoT Remote Monitoring, Sustainability and Community Engagement.
Siemens is poised to realize significant synergies between Brightly’s capabilities and its own portfolio with an expected mid-triple-digit million net present value.
Acquisition’s benefits for Siemens
The acquisition accelerates the build-up of Siemens’ SaaS business and enables Siemens and Brightly together to deliver superior performance and sustainability for built infrastructure.
Brightly is expected to benefit from Siemens’ global presence, while Siemens leverages the software provider’s footprint in the US market.
Siemens is poised to realize significant synergies between Brightly’s capabilities and its own portfolio with an expected mid-triple-digit million net present value.
Commenting on the deal, Matthias Rebellius, Member of the Managing Board of Siemens AG and CEO of Smart Infrastructure said, “Brightly will enable us to leapfrog to the next level of performance for buildings.
“With seamless data exchange between our offerings, our customers can expect enhanced efficiency, lower downtimes and maintenance costs, shorter lifecycles, better data-driven decisions and more satisfied tenants.”
Furthermore, Siemens believes that the acquisition will speed up its target of becoming a leading software company also in infrastructure and support our vision of creating fully autonomous buildings that continuously learn from and adapt to the needs of their tenants.
Siemens estimates that by 2050 there will be seven billion people living in urban areas, a trend it says highlights the need for smart and sustainable infrastructure to serve those communities while also tackling climate change.
“Siemens strives to build smart communities, enabled by digitalization and intelligent systems,” the company said in a statement, explaining that deals like the acquisition of Brightly will help it achieve that goal.
The transaction is subject to regulatory approvals, with closing expected in calendar year 2022. The acquisition will be EPS accretive pre-Power Purchase Agreement (pre-PPA) in the second year after closing.
Meanwhile, Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare (TRHC) in a deal worth up to US$140 million, HIT Consult reports.
Further, TDS’s plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients.
TDS will add PrescribeWellness, to its industry-leading portfolio of clinical applications to support enhanced collaboration among pharmacists, providers, payers, and patients.
The companies also announced a strategic partnership to offer TRHC’s proprietary MedWise Science, an accumulative, simultaneous, multi-drug analysis tool that identifies medication-related risk, into TDS’ pharmacy management systems upon the consummation of the transaction.
This innovative technology-enabled medication optimization solution identifies the cause of medication-related problems, including adverse drug events, with the goal of improving patients’ health and well-being while reducing avoidable healthcare costs.
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