Siemens to acquire Brightly Software for $1.575B from Clearlake Capital

Siemens Smart Infrastructure signed an agreement to acquire SaaS asset-and-maintenance management provider Brightly Software for $1.575 billion plus an earn-out. Brightly had been owned by private equity firm Clearlake Capital since 2019.

“ZUG, Switzerland — Siemens Smart Infrastructure (SI) signed an agreement to acquire Brightly Software, a U.S.-based software-as-a-service (SaaS) provider of asset and maintenance management solutions.”

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