Siemens Acquires Wevolver
- Siemens digital Industries Software announced plans today to acquire Wevolver, a platform focused on hardware and software engineers.
- Supplyframe, acquired by Siemens in 2021, operates a Design-to-Source intelligence (DSI) platform that analyzes design intent, demand, supply chains, and risk factors within the electronics industry.
- The combined entity will unite Supplyframe’s global DSI network, which engages with over 12 million electronic engineering and procurement professionals monthly, with Wevolver’s global audience of hardware and...
Siemens to Acquire Wevolver, Expanding Supplyframe Reach to Engineers
Table of Contents
- Siemens to Acquire Wevolver, Expanding Supplyframe Reach to Engineers
- Combining Design-to-Source intelligence with Engineering Community
- WevolverS Platform and Reach
- Terms of the acquisition
- Siemens Acquires Wevolver: Expanding Reach in the Engineering Community
- What is the acquisition about?
- Who is Wevolver?
- Who is Supplyframe?
- What is Design-to-Source Intelligence (DSI)?
- What are the key benefits of the acquisition?
- What will the combined entity offer?
- What technologies does Wevolver cover?
- How does this acquisition benefit manufacturers and distributors?
- What are the financial terms of the acquisition?
Siemens digital Industries Software announced plans today to acquire Wevolver, a platform focused on hardware and software engineers. The acquisition aims to broaden Siemens’ audience reach and enhance the Supplyframe product portfolio.
Supplyframe, acquired by Siemens in 2021, operates a Design-to-Source intelligence (DSI) platform that analyzes design intent, demand, supply chains, and risk factors within the electronics industry. The acquisition of Wevolver is expected to significantly expand Supplyframe’s reach to engineers involved in researching future product designs.
Combining Design-to-Source intelligence with Engineering Community
The combined entity will unite Supplyframe’s global DSI network, which engages with over 12 million electronic engineering and procurement professionals monthly, with Wevolver’s global audience of hardware and software engineers.
“the future of product development starts with smarter design decisions — and that means meeting engineers where innovation begins,” said Steve Flagg, CEO and founder of Supplyframe. “By joining forces with Wevolver, we’re not just expanding our reach; we’re accelerating a new era of design-to-source intelligence that’s collaborative, data-driven and built for the speed of tomorrow’s manufacturing.”
WevolverS Platform and Reach
Wevolver’s platform reaches millions of engineers monthly through its web and social media channels. It provides access to content, resources, and developments in technologies such as semiconductors, robotics, AI, and manufacturing processes.
“Supplyframe and Wevolver both support engineering professionals throughout their research, development, and supply chain journey,” said Bram Geenen, CEO of Wevolver. “Together we bring an even stronger value proposition to the global technology ecosystem and will be the home for the global engineering community.”
Ryan Crouch, VP Sales of Media, eCommerce and DesignSense Solutions at supplyframe, stated, “The addition of Wevolver to the Supplyframe portfolio further enhances Supplyframe’s ability to help manufacturers & distributors to get the latest technology in front of engineers when they are researching tomorrows designs.”
Terms of the acquisition
The financial terms of the acquisition were not disclosed.
Siemens Acquires Wevolver: Expanding Reach in the Engineering Community
Siemens Digital Industries Software has announced its plan to acquire Wevolver, a platform focused on hardware and software engineers.This acquisition is intended to broaden siemens’ audience reach and enhance the Supplyframe product portfolio. Below is a Q&A that dives into the specifics of this acquisition.
What is the acquisition about?
Siemens is acquiring Wevolver, a platform dedicated to hardware and software engineers. The main goal of this acquisition is to expand Siemens’ reach within the engineering community and bolster the capabilities of its Supplyframe product portfolio.
In short: Siemens is buying Wevolver to reach more engineers and strengthen its existing offerings.
Who is Wevolver?
Wevolver is a platform that connects with millions of engineers monthly through its web and social media channels. It offers access to a wide array of resources, content, and recent developments in fields like semiconductors, robotics, artificial intelligence, and manufacturing processes.
Who is Supplyframe?
Supplyframe, acquired by Siemens in 2021, is a Design-to-Source intelligence (DSI) platform. It analyzes design intent, market demand, supply chains, and potential risks within the electronics industry.
What is Design-to-Source Intelligence (DSI)?
DSI is a platform that analyzes different elements within the electronics industry. This includes analyzing design intent, market demand, supply chains, and other risk factors.
What are the key benefits of the acquisition?
the acquisition is expected to provide several benefits:
- Expanded Reach: Supplyframe’s reach will significantly expand to the millions of engineers engaged with Wevolver.
- Enhanced Design-to-Source Intelligence: It aims to accelerate a “new era of design-to-source intelligence that’s collaborative, data-driven and built for the speed of tomorrow’s manufacturing,” according to Steve Flagg, CEO and founder of Supplyframe.
- Stronger Value Proposition: The combined entity will offer a more robust value proposition to the global technology ecosystem.
What will the combined entity offer?
The combination of Supplyframe and Wevolver will merge Supplyframe’s global DSI network, which engages over 12 million electronic engineering and procurement professionals each month, with Wevolver’s global audience of hardware and software engineers. This integration aims to create a stronger value proposition for the global technology ecosystem, becoming a central hub for the global engineering community.
What technologies does Wevolver cover?
wevolver provides access to developments in key technology areas, including:
- Semiconductors
- Robotics
- Artificial Intelligence (AI)
- manufacturing Processes
How does this acquisition benefit manufacturers and distributors?
The acquisition enhances Supplyframe’s ability to connect manufacturers and distributors with engineers actively researching future product designs. This can help them get the latest technology in front of the engineers who are making the decisions about future designs.
What are the financial terms of the acquisition?
The financial terms of the acquisition were not disclosed in the announcement.