"With Bosch as a new owner, we are well equipped for the future. Together, we can meaningfully expand our activities in the area of sophisticated enterprise solutions and successfully continue our international growth course."
Seattle, WA (PRWEB) July 28, 2011
Software mergers and acquisitions specialist Corum Group Ltd. today announced the acquisition of its Berlin-based client, inubit AG (“inubit”) by The Bosch Group. inubit is the leading supplier of comprehensive, enterprise-level Business Process Management (BPM) solutions in Europe and dominates the German language countries (DACH). Last year, it generated nearly $15M in sales. Terms of the agreement were not disclosed.
inubit offers software solutions for companies in the utilities, insurance, automotive and logistics, telecommunications, and healthcare industries. With Bosch, inubit will continue to develop its own products and solutions for business customers, but will also provide vital components for creating systems and service platforms for “The Internet of Things and Services,” the name for a range of next-generation Internet-enabled technologies for individual life/work-style support.
"With its recognized solutions and process competence in many industries, inubit AG will play an important part in expanding Bosch’s activities on the internet of things and services," said Dr. Heinz Derenbach, the president of Bosch Software Innovations GmbH. The ability to provide business processes in enterprise solutions and on internet platforms made inubit very valuable for the Bosch Group, he said.
"In selling to Bosch, our company is continuing its strategic development as planned," said Dr. Torsten Schmale, inubit’s CEO. "With Bosch as a new owner, we are well equipped for the future. Together, we can meaningfully expand our activities in the area of sophisticated enterprise solutions and successfully continue our international growth course."
Frank Berger, Regional Director of Corum Group International S.à.r.l., in Munich, Germany, advised inubit on this transaction. "Corum's international focus is keen,” explained Miro Parizek, Managing Director of Corum Group International. “Thanks to an expert M&A advisor like Frank, nearly 60% of our completed transactions are cross-border deals."
About Corum Group Ltd.
Based in Seattle, Corum Group Ltd. has offices across Europe and the Americas, has been the global leader for software M&A for the last 25 years. The firm has completed over 240 software M&A transactions spanning 6 continents. Corum's M&A advisors are experienced former software company executives themselves, who work with the support of the industry's best M&A researchers, writers and business valuation experts, using the world's most comprehensive database of tech company buyers. Corum educates the software industry with conferences and publishes the most widely-distributed software M&A research, including its Tech M&A Monthly Webinar.
About inubit AG
inubit AG (http://www.inubit.com) is the leading supplier of comprehensive, enterprise-level Business Process Management (BPM) solutions in Europe and dominates the German language countries (DACH). inubit follows a vertical market strategy employing a direct sales approach in selected vertical markets to establish a bridgehead, and enable system Integrators and OEMs with vertical expertise to realize larger projects.
About Bosch Software Innovations
Headquartered in the German cities of Waiblingen and Immenstaad, Bosch Software Innovations offers end-to-end solutions for the finance industry and the internet of things and services. The Bosch subsidiary has further development and sales locations in Singapore and Chicago. It also has a variety of service offerings. The subsidiary employs a global workforce of roughly 340 associates.