Software AG announced on Tuesday its acquisition of TrendMiner NV that specializes in visual data analytics for the manufacturing and process industry and will complement Software AG’s Cumulocity Internet of Things (IoT) and Industry 4.0 product portfolio. It enables manufacturing companies and the process industries to quickly and easily recognize patterns and trends in their process data, identify production irregularities, and adapt necessary process adjustments early – without the need for support from IT specialists or data scientists. TrendMiner’s plug-and-play software adds value immediately after deployment.
TrendMiner has specific expertise in the development and consulting of pattern recognition and analytics functionality for the oil and gas, life sciences and manufacturing sectors. Its customer base includes many global vendors such as Total, BASF, Evonik, Covestro and Pfizer. The company has 50 percent of the top 50 companies of the chemical industry as customers.
Software AG enables enterprises to integrate, connect and manage IoT components as well as analyze data and predict future events based on Artificial Intelligence (AI). The Digital Business Platform is built on decades of uncompromising software development, IT experience and technological leadership. Software AG has more than 4,500 employees, is active in 70 countries and had revenues of €879 million in 2017.
Headquartered in Belgium, it has sales offices in the Netherlands, Germany and the USA. The company was founded in 2008 as a spin-off of the K.U. Leuven University in Belgium.
Following its acquisitions of artificial intelligence (AI) vendors Zementis (2016) and Cumulocity IoT (2017), Software AG’s acquisition of TrendMiner is consolidating its position in the growing IoT market. TrendMiner employs advanced analytics methods such as diagnostic, visual and predictive analytics used in AI algorithms; the technology uses all available time-series IoT data and delivers findings in a user-friendly format.
Karl-Heinz Streibich, Software AG CEO stated, “TrendMiner provides an ideal fit into our Cumulocity IoT portfolio at a strategically decisive moment. We are in a phase of dynamic market development for IoT applications. Together with TrendMiner, we will be able to offer a leading streaming and visual time-series analytics platform – a unique combination.”
Bert Baeck, CEO and co-founder of TrendMiner added, “At TrendMiner, we share Software AG’s vision for enabling organizations to fundamentally leverage the connected world. We believe every industry, but especially manufacturing and process industries, will be significantly transformed in this Internet of Things era. We are very excited with the opportunity to leverage the resources and proven IoT portfolio that Software AG delivers.”