Siemens Smart Infrastructure closes $1.6bn acquisition of Brightly Software
Siemens Smart Infrastructure (SI) has closed the previously announced $1.575 billion acquisition of Brightly Software, an American software-as-a-service (SaaS) company that provides solutions for asset and maintenance management. The deal, which was announced in June 2022, also includes an earn-out of $300 million for Brightly Software. Siemens Smart Infrastructure acquired Brightly Software from Clearlake Capital. […]