A leading software framework provider for building automation and IoT, J2 Innovations is to be acquired by Germany based Siemens. The California based J2 Innovations will continue to act as an independent legal entity and wholly owned subsidiary of Siemens after the acquisition.
J2 Innovations has been a successful player in the Internet of things (IoT) software business and for the past ten years J2 Innovations has had a strong reputation with its FIN (Fluid Integration) Framework Technology. The transaction is expected to be completed by the end of May 2018. However the financials of the transaction has not been disclosed.
According to Uwe Frank, CEO of Siemens Building Technologies Control Products and Systems:
“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.”
After the acquisition, J2 Innovations is planning to further its OEM business globally and plans to hire new employees in the U.S and in its new offices in Europe and Asia.
Jason Briggs, President and CEO of J2 Innovations added the following about the acquisition:
“Together with a strong partner like Siemens, we are well equipped and excited to take J2 and the FIN Framework to the next level.”
Working seamlessly on all platforms including tablet, smartphones, desktop and also deployable in embedded systems, servers and cloud, FIN is a next-generation software framework to operate, monitor and control equipment and automation systems for small to large buildings. FIN also provides a fully customizable software framework to quicken their time- to –market for OEMs and for system integrators its’ intuitive interface and strong engineering tools reduce labor and time required to design and commission building automation systems. Additionally, FIN saves costs while providing comfort and availability for building owners and facility managers.
Already being used in over 20 countries, FIN is already installed in thousands of building types globally.
Siemens is a German conglomerate headquartered in Berlin and Munich. It was founded by Werner von Siemens and Johann Georg Halske on 12 October 1847.
The principal divisions of Siemens are Industry, Energy, Healthcare, and Infrastructure & Cities. Industrial automation division is its largest and most profit making division whereas its medical diagnostics equipment division stands in second spot.
Siemens employs around 377000 employees globally.
About J2 Innovations
Founded in 2008, J2 Innovations is a software and technology company that specializes in the human experience as it relates to smart devices. Headquartered in USA, J2 Innovations It offers a fluid integration (FIN) technology for creating software solutions ranging from device programming to enterprise visualization, as well as providing various toolset capabilities to system integrators.