6/30/2023 0 Comments Software ag![]() We had both camps, you know? We had a big fight. I’m still laughing when I’m talking about that discussion at the whiteboard, should it be enterprise software? So software which runs into on-prem on a server, or should it be cloud? It wasn’t clear. And also remember, 2010, cloud wasn’t like today.īernd: We had the discussion, I remember. So we identified that as an opportunity and thought to ourselves, “Hey, can we create reusable blocks, software blocks, so that you don’t have to re-engineer the whole stack but maybe you get 80 percent and you just do the innovation for your specific use case and your solution, and you just invest for the 20 percent of the remaining software stack, so to speak. There wasn’t really cost efficiency related to that. It was always done bespoke once, after once, after once. There wasn’t any intelligence in application and solution building. We did that because we saw a need for lowering the solution, the application development concept in the platform based or empowered by a platform. Really, just one more, we could identify. I mean, everyone is a few years later, everyone was jumping on that but when we started, I think we have been globally the number two IoT platform player worldwide. The story of Cumulocity is that we started very early in 2010, already, to identify an opportunity related to the internet of things. Johan: Bernd, let me ask the question, what’s the heroic story of Cumulocity?īernd: Yeah. Bernd, welcome.īernd: Thank you very much. We talked with Bernd about his adventure and his dream exit. Software AG was founded in 1969, is publicly listed, has over 5,000 employees and 10,000 enterprise customers in over 70 countries. Remy: And in this episode, we talked to Bernd Gross who sold his company Cumulocity in 2017 to the German enterprise software giant, Software AG, where he still holds the position of CTO today. In the Big Exit Show by Peak, we lift the curtain of secrecy of selling ambitious scale-ups by talking to successful founders who have been in this roller coaster. Selling your company, well, that’s a whole different story. If you’re missing something, get an advisor at your hand. There’s a lot of knowledge and know-how out there. I think you shouldn’t always try to do everything yourself. Spotify Podcasts Apple Podcasts Google Podcast You can find the transcribed version of the episode below:īernd: If you don’t know how it works, probably, it’s worthwhile to have an M&A advisor. And, if you are really interested in listening to the big exit of specific founders – reach out to us so we can invite them for the next episode! You can find the episode on your favorite podcast platform, linked below. In this podcast series Peak’s very own co-founder and managing partner Johan van Mil, and podcast-host Remy Gieling talk to successful European tech entrepreneurs about the exit of their company. How to know when you have to sell your company ⏱️.How Bernd experienced that you can only connect the dots looking backward □.Why you should never make an opening offer when you are selling your □company, but if you do it, anchor high.Why you need an M&A advisor when selling a company □.Why you need to focus as a startup to be credible to end customers □.How a smaller company can compete with large-scale competitors like Azure and AWS □.Some other interesting gems □ you will learn in the episode: Listeners can expect to gain valuable knowledge from this episode that will help them on their own entrepreneurial journeys. He talks about the challenges he faced when starting a new business, the decisions he made along the way, and how he eventually sold it to Software AG. On this episode of The Big Exit Show, Bernd shares the journey he went through to create and grow Cumulocity as a spin-off of Nokia Siemens Networks. Bernd Gross is a true entrepreneur and his story of building and selling Cumulocity is an inspiring one. ![]()
0 Comments
Leave a Reply. |