Expanding activities for the Internet of Things: completion of the value chain
The Bosch Group has signed an agreement to acquire all shares of inubit AG, a software specialist based in Berlin. inubit is a leading supplier of software solutions for business process management (BPM). Last year, its 100 associates generated sales of some 10 million euros. It has been agreed that the purchase price will not be disclosed. The transaction is subject to approval by antitrust authorities
Expanding the technology portfolio of Bosch Software Innovations
inubit AG offers process solutions for companies in the utilities, insurance, automotive, logistics, healthcare, and telecommunications industries. In the future, inubit will not only develop its own products and solutions for business customers, but will also provide vital basic components for creating systems and service platforms in the Internet of Things. This term refers to the next generation of the internet, in which more and more devices and systems will be capable of sending and receiving data automatically via the internet. This will give rise to completely new services, which will change people’s everyday lives.
“With its recognized solutions and process competence in many industries, inubit AG will play an important part in expanding Bosch’s activities in the Internet of Things,” said Dr. Heinz Derenbach, the president of Bosch Software Innovations GmbH. The ability to flexibly provide business processes in enterprise solutions and on internet platforms makes inubit very valuable for the Bosch Group. In conjunction with Bosch Software Innovations’ market-leading business rules management, Derenbach added, Bosch can draw on a comprehensive technology portfolio to offer networked application solutions in companies and on internet platforms. This applies especially to areas of future business growth, such as smart mobility, smart grids, and telehealth. “With its industry solutions, the Berlin company is a valuable addition to the Enterprise Solutions business area,” said Derenbach.
Well-equipped for the future
“By selling inubit to Bosch, our company is continuing its strategic development as planned,” said Dr. Torsten Schmale, the chairman of the board of management of inubit AG. He continued: “With Bosch as a new owner, we will be well equipped for the future. Together, we can meaningfully expand our activities in sophisticated enterprise solutions and successfully continue our international growth course.”
With main offices in the German cities of Waiblingen and Immenstaad, Bosch Software Innovations offers end-to-end solutions for the finance industry and the Internet of Things. It also offers a variety of services. This Bosch subsidiary has development and sales locations in Singapore and Chicago, and employs some 340 associates worldwide.