Siemens to acquire software framework provider for building automation and IoT

Siemens is acquiring J2 Innovations (J2), a leading software framework provider for building automation and IoT, headquartered near Los Angeles, California.The company has been a successful player in the Internet-of-Things (IoT) software business for 10 years, building a strong reputation in the US and internationally with its FIN (Fluid INtegration) Framework technology. Both parties have agreed not to disclose financial details. The transaction is expected to close by the end of May 2018. 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.