Software: The Cumulocity IoT platform is now available as a service to international customers in China through Tencent Cloud – November 20, 2023 at 5:58 AM EST
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Real time estimate
06:20:17 2023-11-20 EST |
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5-day shift |
1 Jan Shift |
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31.74 EUR |
+0.13% |
-0.25% |
+30.72% |
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Communiqué officiel de SOFTWARE AG
20 November 2023 at 5:58 AM EST
Cumulocity IoT platform is now available as-a-service for international customers in China through Tencent Cloud
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Cumulocity IoT platform is available in China as-a-service (SaaS) on Tencent Cloud’s infrastructure
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Customers can connect and manage their devices in China as part of their device fleet, providing a single view of all assets globally
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The offering includes local partners to publish the services and manage compliance to meet regulatory requirements
Software AG (Frankfurt TECDAX: SOW) has teamed up with Tencent Cloud, the cloud business of global technology and entertainment company Tencent, to help smart equipment manufacturers provide IoT services to their customers in China. Customers of Software AG’s application, Cumulocity IoT, can quickly and efficiently set up their smart device offering, available as a SaaS offering, within Chinese borders. This means faster time to value and ROI for their customers.
Currently, organizations are required to establish their own infrastructure in China and obtain the necessary licenses before they can start operating. Software AG’s new collaboration with Tencent Cloud will enable these manufacturers to begin connecting devices in China to Cumulocity IoT in the same way as anywhere else in the world: with one simple transaction with Software AG.
Bernd Gross, CTO at Software AG, commented: “The business landscape in China is unique and establishing operations in China could be challenging without a reliable partner. That is why we are very pleased to join forces with Tencent Cloud, which will help us to easily extend the benefits of Cumulocity IoT to China for our international smart equipment manufacturing customers to continue operating and growing anywhere in the world.”
The new collaboration alleviates the complexity of setting up new IT capabilities for manufacturers who want to start operations quickly and easily in China. Tencent Cloud will host cloud instances of Cumulocity IoT that can be readily available through a local partner to ensure compliance with Chinese regulations. Software AG, together with its partners, also offers a service to handle the application process necessary to export data collected in the country. Smart equipment manufacturers around the world use Cumulocity IoT to connect smart devices, collect important operational and process data and create new ‘as-a-Service’ business models for themselves by tracking the usage and performance of their equipment.
Disclaimer
Software AG published this content on 20 November 2023 and is solely responsible for the information therein. Distributed by Publicunedited and unchanged, on 20 Nov 2023 10:56:16 UTC.
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Software AG is a German-based software developer and supplier of information technology (IT) platforms for businesses. The company operates in three segments: Digital Business Platform (DBP), Adabas & Natural (A&N) and Consulting. The DBP segment focuses on integration, business process management and big data with the product families webMethods, Aris, Alfabet, Apama and Terracotta. It also includes the IoT/Cloud business line, which focuses on Internet of Things (IoT) and cloud computing solutions. The A&N segment offers data management with the Adabas and Natural product families. The consultant segment is specialized in implementing the company’s products. The company assists companies from various industries with digital transformation processes. Its customers are active in the banking, communications, energy, insurance, retail and transport industries, among others.
More about the company
Buy
Average target price
29.61EUR
Spread / Average Measure
-6.59%
Consensus
