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Siemens spends $1.6bn to buy infrastructure SaaS giant

The acquiree has been owned by private equity firm Clearlake Capital since 2019.

By TTC Newsroom

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June 27, 2022 | 11:11 PM BST

Siemens spends $1.6bn to buy infrastructure SaaS giant

Roland Busch, President and CEO of Siemens AG. Source: Siemens

The Tech Capital

Siemens Smart Infrastructure (SI) has signed an agreement to acquire Brightly Software, a U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.

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