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Siemens Snaps Up Mendix; Low-Code Platforms Enter New Phase

Shared by News Feed | 0 0 0 | about 13 days ago

Siemens announced acquisition of Mendix, a leading low-code development platform, for $730 million in cash, or 7-8 times annual revenues, we estimate. Yes, that’s the $83 billion industrial powerhouse, Siemens. Mendix will join Siemens’ $13 billion Digital Factory software division, but operate independently and as it did before the acquisition (scheduled to close in October […] …read more

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