IoT Platform Cumulocity Reclaims Independence

Germany-based IoT platform Cumulocity, has become an independent company following a management buyout that returns control to its original founders, Bernd Gross and Stefan Vaillant. Previously under the leadership of Software AG and later overseen by Silver Lake, the buyout was financed by Avedon Capital Partners, Schroders Capital, and Verso Capital. This move marks Cumulocity’s emergence as a standalone entity, with its IoT management platform already adopted by numerous mobile operators and other industries.

Cumulocity is an open, independent IoT platform designed to connect and manage devices across various sectors. It provides functionalities such as device integration, management, data visualization, and real-time analytics, enabling businesses to monitor and control equipment remotely. While not exclusively a smart city platform, Cumulocity has been pivotal in smart city initiatives. For example, Abu Dhabi utilized the platform as the foundation for its Zayed Smart City project, addressing urban challenges like air quality monitoring, smart parking, and waste management. Cumulocity also supports cities in developing efficient and sustainable solutions, offering services for smart use cases such as waste management and smart parking.

Earlier this year, Software AG spun off its Adabas & Natural and ARIS units into the newly formed Software GmbH, while selling Alfabet and Cumulocity to undisclosed buyers. Now, with backing from European venture firms, Cumulocity’s founders have regained autonomy. The management team includes Jürgen Krämer, Jari Salminen, and Philip Hooker, who are steering the company towards global expansion plans.

This independence follows the departure of Sanjay Brahmawar, Software GmbH’s former CEO, who led Software AG through its transformation and sale to Silver Lake for $2.6 billion in late 2023.