Connected Products, Connected PLM

By Jeff Hojlo – December 18, 2015
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Siemens and Polarion kicked off a partnership in November 2014, which followed an investment in the company by Siemens Venture Capital of $10M earlier in the year. After successful joint customer wins, and the realization that their products and business focus meshed nicely, the companies agreed to the acquisition, with an expected deal close date of first quarter CY2016. Terms of the deal were not revealed. Upon close, Polarion is expected to become part of the Teamcenter product line, Siemens Product Lifecycle Management (PLM) offering.


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