Software AG announced its acquisition of the Belgian data analytics scale-up TrendMiner for an undisclosed amount. Founded in 2008 and based in Hasselt, TrendMiner specializes in visual data analytics for the manufacturing and process industry and will complement Software AG’s Internet of Things (IoT) and Industry 4.0 product portfolio.
TrendMiner is an intuitive, web-based, self-service analytics platform for rapid-fire visualization of time series based processes and asset data. It enables manufacturing companies and the process industries to quickly and easily recognize patterns and trends in their process data, identify production irregularities, and adapt necessary process adjustments early - without the need for support from IT specialists or data scientists. TrendMiner's plug and play software adds value immediately after deployment.
Following its acquisitions of artificial intelligence (AI) specialist Zementis (2016) and the Cumulocity IoT (2017), Software AG’s acquisition of TrendMiner is consolidating its position in the rapidly growing IoT market. TrendMiner employs advanced analytics methods such as diagnostic, visual and predictive analytics; the technology uses all available time series IoT data and delivers findings in a user-friendly format.
Karl-Heinz Streibich, Software AG CEO, states that “TrendMiner provides an ideal fit into our Cumulocity IoT portfolio at a strategically decisive moment. We are in a phase of dynamic market development for IoT applications. Together with TrendMiner, we will be able to offer a leading streaming and visual time-series analytics platform in a few months – a unique combination.”
As part of Software AG, TrendMiner will provide process and asset experts with advanced analytics that enable them to analyze, monitor and predict the operational performance of batch, grade and continuous manufacturing processes.
"We believe every industry, but especially manufacturing and process industries, will be significantly transformed in the Internet of Things era"
Bert Baeck, CEO and co-founder of TrendMiner: “We share Software AG's vision for enabling organizations to fundamentally leverage the connected world. We believe every industry, but especially manufacturing and process industries, will be significantly transformed in this Internet of Things era. We are very excited with the opportunity to leverage the resources and proven IoT portfolio that Software AG delivers. Our ambition to become the Google for Industry will be accelerated due to Software AG.”
TrendMiner has specific expertise in the development and sales of pattern recognition and analytics functionality for the oil and gas, life sciences and manufacturing sectors. Its customer base includes many global market leaders such as Total, BASF, Evonik, Covestro and Pfizer. To accelerate market penetration and expand the product and service offering, Software AG will take responsibility for TrendMiner’s customers and employees immediately.
TrendMiner employs over 70 people. Outside of Belgium, it has 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.