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"for USD 0.7 billion. The transaction unlocks significant value for customers of Supplyframe and Siemens, providing seamless and quick access to both Siemens’ o
by antattack 5y ago
"for USD 0.7 billion. The transaction unlocks significant value for customers of Supplyframe and Siemens, providing seamless and quick access to both Siemens’ offerings and Supplyframe’s marketplace intelligence. [...]The acquisition also strengthens the Siemens portfolio through Software as a Service (SaaS) "
Software as Service appears to be the ultimate goal.
- prennert 5y agoIt is not not uncommon for enterprise focused and traditionally hardware-strong businesses to try to pivot into SaaS as a way to bolster their revenue.