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PwC Invests In Industrial IoT (IIoT) Software Company Cybus GmbH

LONDON, ENGLAND – MARCH 31: A general view of the exterior of the PWC London offices on March 31, 2021 in London, England. PwC told its UK consultants and accounts that they could expect to work two or three days in the office, observe flexible working hours, and quit early on Fridays this summer, as the company announced longer-term working ...

LONDON, ENGLAND – MARCH 31: A general view of the exterior of the PWC London offices on March 31, 2021 in London, England. PwC told its UK consultants and accounts that they could expect to work two or three days in the office, observe flexible working hours, and quit early on Fridays this summer, as the company announced longer-term working arrangements after the Covid-19 pandemic. (Photo by Leon Neal/Getty Images)

PwC Germany has acquired a minority stake in Hamburg-based Industrial Internet of Things (IIoT) company Cybus GmbH, which specializes in smart factory automation software.

The PwC Germany investment was part of a Series A financing round. The overall funding round raised about 8 million euros (roughly US$8.8 million). PwC was the lead investor in the round, contributing roughly 4 million euros (U$4.4 million) to the round. Cybus GmbH's company valuation was not disclosed.

Cybus GmbH's software enables industrial manufacturers to "efficiently connect and automate their production." The company's flagship software, known as Cybus Connectware, leverages real-time data from the production environment to help customers drive "increased efficiency and quality of the production processes," the company asserts.

PwC: IT Consulting and Cybersecurity Acquisitions

PwC Germany is part of the larger PwC global IT consulting and accounting network that spans 295,000 people and 156 countries worldwide.

PwC remains active on the M&A and investment fronts. Many of the deals involve IT consulting, enterprise application, cloud and cybersecurity expertise. Example PwC acquisitions include:

On the exit side, PwC sold its U.S. public sector business to Veritas Capital in 2018.

PwC Rivals Acquire IT Consulting, Cloud and Cybersecurity Companies

PwC's rivals have also been busy on the M&A front. Indeed, companies such as Accenture, Deloitte, Ernst & Young and KPMG have made multiple IT consulting and cybersecurity acquisitions worldwide.

See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.

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