Tech Company M&A Transactions
Mendix Acquisition
On 8/1/2018, Mendix was bought by Siemens. Siemens said the transaction price was $699 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/1/2018
Transaction Type
M&A
Amount
$699,000,000
M&A Terms
Under the agreement, Siemens will pay in cash �0.6 billion to acquire the company. Mendix will retain its distinct brand, culture and continue serving customers across the full range of industries with its unique platform and broad ecosystem and community. Siemens will continue to invest in mendix's independent product roadmap, continuing its legacy as the most-innovative, open low-code cloud platform. Mendix will be part of the software business of Siemens' Digital Factory (DF) Division, with the mendix platform also deployed across other Divisions.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
268 Summer St.
Boston, MA 02210
USA
Boston, MA 02210
USA
Phone
Website
Email Address
Not Recorded
Overview
Built on a combination of early academic research and personal frustration with the rigidity and complexity of traditional enterprise software, Mendix originated as a spin-off from the Technical University Delft and the Erasmus University of Rotterdam.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derek Roos
Chief Financial Officer
Marcel Karssen
Chief Marketing Officer
Pranshu Tewari
Chief Technical Officer
Johan den Haan
Vice President
Eric Erston
VP - Bus. Development
Derckjan Kruit
VP - Bus. Development
Mark Rogers
VP - Customer Service
Donna Williams
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Our team works diligently to record every notable VC transaction. VC transactions reported here come from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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