Technology

Siemens to Acquire Software Framework Provider J2 Innovations

Siemens to Acquire Software Framework Provider J2 Innovations
Logistics Manager

German conglomerate Siemens AG recently announced they are to acquire a leading software framework provider, J2 Innovations.

Based in Los Angeles, California J2 are experts in the field of building automation and have been a major player in the Internet-of-Things (IoT) software business for over 10 years. The company has built a strong reputation at home in the US and throughout the globe with their FIN (Fluid INtegration) Framework technology.

The transaction to expected to be finalized at the end of May 2018, however, both companies have agreed not to disclose any financial details to the public.

CEO of Siemens Building Technologies Control Products and Systems, Uwe Frank said, “J2 Innovations stands for speed, agility and a state-of-the-art software framework that made the company successful, this move complements our growing digital portfolio and will help us to become the leading driver of digital transformation by offering even better IoT solutions to our customers.”

With this new acquisition, both parties will further expand J2’s OEM business on a worldwide scale, increasing their workforce in the US and opening new offices and facilities in Asia and Europe.

To maintain the company’s flexibility and agility J2 will remain managed under an independent legal entity and wholly-owned subsidiary of Siemens Industry, Inc.

President and CEO of J2 Innovations, Jason Briggs said, “Together with a strong partner like Siemens, and we are well equipped and excited to take J2 and the FIN Framework to the next level.”

FIN developed by J2 is a state-of-the-art software framework used to monitor, operate and control equipment and automation systems for buildings. The software runs on a whole host of devices seamlessly and is deployable in the cloud along with embedded systems.

The platform is active in over 20 countries with 1000s of worldwide installations such as data centers, education campuses, high rise buildings, offices and hospitals.

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One of the world’s biggest logistics companies, Kuwait headquartered Agility, recently announced a major new investment of $100 million over three years to develop and launch Shipa.com. The new digital platform will allow businesses, entrepreneurs and consumers to manage their freight, e-commerce, and urban deliveries online. Chairwoman for Agility, Henadi Al-Saleh said, “Shipa.com makes life easier through technology, whether you are a small business running your supply chain with a few clicks, or a consumer getting your shopping delivered with a few taps on your phone, Shipa.com makes logistics convenient, jargon-free, trackable, accountable and accessible.” Shipa.com will provide the following services: Shipa Freight that will allow small businesses to get instant and transparent freight quotes along with the ability to book, pay and track ocean and air shipments around the world on any mobile or another digital device. Shipa E-commerce enables online merchant’s access to the world’s most complex and fastest growing e-commerce networks. The service will integrate freight, fulfilment, delivery and returns solutions throughout the Arabian Gulf, along with additional reach in Africa and Europe planned for the future. Shipa Delivery will provide businesses and consumers with on-demand same-day, next-day or cross-border delivery across the whole region of Arabian Gulf. Al-Saleh added, “Logistics is the backbone of commerce. But it’s complex, and that complexity is disproportionately difficult for small businesses to navigate. Small businesses often lack access to the logistics resources, tools and solutions that larger businesses have,” “No wonder then, that we interviewed 800 small and medium-sized businesses around the world, we found that 78% wanted to see their logistics move online. Shipa helps close that gap, empowering small businesses to take advantage of the opportunities being created by the global digital economy.” Considered by Al-Saleh as the innovation arm of Agility, Shipa.com will hasten the introduction of technology, development of new digital products. Al-Saleh concluded, “Shipa.com is the marriage of Agility’s logistics expertise and resources and the digital-first capabilities of the Shipa platform. It offers enormous value for our customers and brings new value to our company.”

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