Siemens Software Expands Xcelerator as a Service

Siemens Digital Industries Software announced that its transition to a software-as-a-service (SaaS) led business is progressing well and its momentum is increasing. Cloud-related Annual Recurring Revenue (ARR) surpassed $200M as of the end of the first quarter of 2022, equaling 6% of total ARR. Growth continued to accelerate in the second quarter.

At the 2022 Siemens Media & Analyst Conference (MAC), Siemens highlighted how a range of companies from global industry leaders to startups are using their software to create and leverage the industry’s most comprehensive digital twin to digitally transform and address global challenges. It also announced that it has expanded Xcelerator as a Service, with the addition of NX X, a cloud-based computer-aided design (CAD).

“Last year we announced our transition to a SaaS-led business and introduced Xcelerator as a Service. Customers are responding enthusiastically - ready to embrace the cloud to accelerate their digital transformations,“ said Tony Hemmelgarn, CEO, and president of Siemens Digital Industries Software. “Siemens is transforming our business, so we can help our customers transform their industries, making our portfolio easier to access, more open, and integrated.“

Xcelerator is Siemens’ comprehensive, integrated portfolio of software, services, and an application development platform, designed to help companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities, and levels of automation to drive innovation. Xcelerator as a Service (XaaS) makes the Xcelerator portfolio more accessible, scalable, and flexible, with a subscription offering that takes advantage of cloud computing to provide powerful new capabilities across the Xcelerator portfolio that is designed to help speed digital transformation for Siemens’ customers.