Bosch Buys German Software Co with Sofia-based R&D Center

Bosch Software Innovations, a wholly owned subsidiary of German technology giant Bosch, plans to acquire Cologne-based ProSyst Software AG, which has a research and development unit in Sofia.

Agreements to this effect were signed on February 13, 2015, according to a media statement of Bosch.

ProSyst employs some 110 associates in Cologne, Germany, and Sofia, Bulgaria.

The company specializes in the development of gateway software and middleware for the internet of things. These facilitate the interaction between connected devices in the smart home, connected industry, and mobility segments.

The company's customers include leading appliance manufacturers, automakers, and chip vendors, as well as telecommunications and energy service providers.

The acquisition is subject to approval by the antitrust authorities. It has been agreed that the purchase price will not be disclosed.

ProSyst's solutions are built on the Java programming language and OSGi technology.

"On this basis, the company has been developing successful gateway software and middleware that serves as a link between devices and the cloud for more than ten years. This link is essential for interconnecting buildings, vehicles, and machines," said Rainer Kallenbach, the president of Bosch Software Innovations.

The Sofia-based R&D lab of ProSyst started functioning in 1998.

The Bulgarian-based unit is also the main production base of the German company and has a total headcount of around 90.

The Chief Technical Officer of the company since 1998 has been Dimitar Valchev, according to reports of money.bg.

He holds an MA in Electronics and Computer Sciences and PhD in Electrical Engineering from the Technical University of Sofia.

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