Cumulocity completes management buyout to become the leading independent IoT platform
Summary
Cumulocity has completed a management buyout from Software AG and will operate as an independent IIoT platform. The leadership team is backed by Avedon, Schroders Capital, and Verso Capital to support growth and international expansion. The company says the new structure will make it more agile and better able to serve industrial customers across cloud, on-premises, edge, and hybrid deployments. The transaction reinforces Cumulocity’s position as a leading industrial IoT vendor with a broad customer base and strong analyst recognition.
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