Software AG is on a major roll right now courtesy of the IIoT. They recently inked two sizable contracts in the industrial and healthcare space as a result of the push for digital transformation due to the COVID-19 pandemic. Their CEO stated that he expects the pandemic to force many of its customers to continue investing in digital transformation initiatives that will require Software AG’s systems integration expertise. The article that follows offers more details on what Software AG is doing with some of their IoT-based projects, as well as commentary on their strategy directly from their CEO.
Analytics and integration firm Software AG has scored a couple of major industrial IoT wins, it claims, running to seven and eight figures over multi-year subscriptions, and generally reasserted its buoyancy as the enterprise queue for digital-change has been reshuffled in the wake of the coronavirus (COVID-19) pandemic.
Software AG told Enterprise IoT Insights it has secured a couple of headline contracts lately, and also seen its sales funnel swell with new prospects. It said its recent rush of business has gone some way to prompt it to reaffirm financial guidance for the year, revised downwards in April in the wake of the initial COVID-19 outbreak, and to raise confidence that supply of industrial IoT will remain buoyant, even in the short term.
The new deals – with an unnamed elevator company and an unnamed medical equipment manufacturer, notably – are multi-year multi-million euro contracts to support the groups’ respective digital transformation efforts.