Siemens PLM Software, 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.
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. 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. Polarion Software is a leading provider of a 100 percent browser-based and unified platform for Requirements, Quality, and Application Lifecycle Management. 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." "Siemens clearly recognizes the value we bring to PLM, and the critical component of ALM within their digitalization 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. "Our two companies have enjoyed a successful relationship over the past two years and and we have plans for a successful joint market strategy. 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. 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.Īs 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. 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. Terms of the acquisition will not be disclosed. The transaction is expected to close during the first quarter of 2016.
STUTTGART, GERMANY and SAN FRANCISCO, CALIFORNIA-(Marketwired - Nov 25, 2015) - Siemens has entered into an agreement to acquire Polarion Software, developer of the first browser-based application lifecycle management (ALM) enterprise solution.
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