Siemens said it is acquiring J2 Innovations, Los Angeles, a software framework provider for building automation and IoT. J2 Innovations will be managed as an independent legal entity and wholly-owned subsidiary of Siemens Industry, Inc., which handles building automation and security systems and is based in Buffalo Grove, IL.
J2 has been active for over 10 years in the Internet-of-Things (IoT) software business in the US and internationally. Through the acquisition the two parties are planning to further expand J2’s OEM business globally, with new hires in the U.S., and new offices in Europe and Asia. Financial terms were not disclosed but the deal is expected to be done by the end of May.
The company’s FIN (short for Fluid INtegration) Framework technology is a software framework to operate, monitor and control equipment and automation systems for small to large buildings using tablet and smartphone controls and is deployable in embedded systems, servers and the cloud. Clients include OEMs, system integrators and end users such as building owners and facility managers. The system is used in over 20 countries with thousands of installations globally, including offices, high rise buildings, education campuses, hospitals, data centers and many other building types.
“J2 Innovations stands for speed, agility and a state-of-the-art software framework that made the company successful,” said Uwe Frank, CEO of Siemens Building Technologies Control Products and Systems. “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.”