Siemens AG Acquires Brightly Software from Clearlake Capital
August 4, 2022
Siemens AG, via its Smart Infrastructure division, agreed to acquire Brightly Software, a U.S.-based cloud-native enterprise asset management SaaS provider, from Clearlake Capital for $1.575 billion in upfront cash plus up to $300 million in earn-outs. The acquisition strengthens Siemens' digital building and infrastructure software capabilities and expands its SaaS footprint, while Brightly will benefit from Siemens' global scale.
- Buyers
- Siemens AG (Siemens Smart Infrastructure)
- Targets
- Brightly Software
- Sellers
- Clearlake Capital Group, L.P.
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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