United States. Siemens announced the acquisition of J2 Innovations (J2), a software provider for building automation and IoT, based in Los Angeles, California. The company has been a recognized player in the Internet-of-Things (IoT) software business for 10 years, with its FIN (Fluid INtegration) Framework technology. Both sides agreed not to disclose financial details. The transaction is expected to close by the end of May 2018.
"J2 Innovations is synonymous with speed, agility and a state-of-the-art software framework that made the company successful," said Uwe Frank, CEO of Siemens Building Technologies Control Products and Systems. "This move complements our growing digital portfolio and will help us become the main driver of digital transformation by delivering better IoT solutions to our customers."
Through the acquisition, the two parties plan to further expand J2's OEM business globally, with new hires in the U.S. and new offices in Europe and Asia. To maintain its agility, J2 Innovations will be managed as an independent legal entity and subsidiary of Siemens Industry, Inc.
FIN is a next-generation software framework for operating, monitoring and controlling automation equipment and systems for small and large buildings. It works on a tablet and smartphone as it does on a desktop and can be deployed on embedded systems, servers, and the cloud.
