Software AG announces acquisition of TrendMiner

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  Software AG announces acquisition of TrendMiner

12. June 2018 – Software AG announced the acquisition of Data Analytics Scale-up, TrendMiner NV. Founded in 2008 in Hasselt, Belgium, TrendMiner specializes in visual data analysis for the manufacturing and process industries and will complement Software Internet's IoT and Industry 4.0 product portfolios. TrendMiner is a web-based self-service analytics platform for the rapid visualization of time series based processes and asset data. It enables manufacturing companies and the process industries to recognize patterns and trends in their process data, identify production irregularities, and adjust required process adjustments early without the support of IT specialists or data scientists.

Following the acquisition of Artificial Intelligence (AI) specialist Zementis (2016) and the Cumulocity IoT (2017), the acquisition of TrendMiner by Software AG consolidates its position in the IoT market. TrendMiner uses analytical methods such as diagnostic, visual and predictive analysis; The technology uses all available time series IoT data and provides insights.

As part of Software AG, TrendMiner provides process and asset experts with analyzes to analyze, monitor and predict the performance of batch, quality and continuous manufacturing processes

TrendMiner has specific know-how developing and distributing pattern recognition and analysis capabilities for the oil and gas, life sciences and manufacturing industries. Customers include companies such as Total, BASF, Evonik, Covestro and Pfizer. To accelerate market penetration and expand its product and service offering, Software AG assumes responsibility for TrendMiner's customers and employees.

TrendMiner employs over 70 people. Outside of Belgium there are sales offices in the Netherlands, Germany and the USA. The company was founded in 2008 as a spin-off of K.U. Leuven University in Belgium. Through the acquisition, Software AG is further expanding its technology leadership with the Cumulocity IoT platform.

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