Siemens arrives at Polarion

Mar 7, 2014 • Quentin Carruthers

Siemens Financial Services’ venture capital unit (SFS VC), the corporate venture capital organization of German engineering and electronics conglomerate Siemens, has made a strategic corporate investment of $10m series A funding in Germany- and US-based Polarion Software, maker of application lifecycle management (ALM) technology for software and product development,

The investment, the first outside funding that Polarion has received, will allow Polarion to expand its product development initiatives and support users.

Frank Schroeder, CEO of Polarion Software, said: “Siemens investment…

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