Mendix is a low-codesoftware platform. It provides tools to build, test, deploy and iterate applications. The company was founded in 2005. On 1 August 2018 company's CEO announced the acquisition of Mendix by Siemens for $730 million in cash. The acquisition was made official on 1 October, 2018.
History
The company was founded in Rotterdam, the Netherlands in 2005 and moved its headquarters to the United States in early 2012. In October 2011, Mendix raised $13 million with its first round of venture capital funding. The funding was led by Prime Ventures, with additional participation from HENQ Invest, which provided an unnamed sum in 2006. In January 2014, Mendix closed a $25 million Series B, led by Battery Ventures. The company also reported triple-digit growth for the fifth consecutive year. Also in 2014, Mendix accelerated plans associated with its partner ecosystem. The company announced 20 new partners worldwide, including Bodhtree, UST Global, Pegamento, and Pariveda Solutions. This list complements the company's existing partner network, including Accenture and Capgemini, among others. Subsequent partner additions included Bizzomate, Mphasis, Blue Box, Sogeti, HP and Pivotal. Mendix has also announced its membership in the Cloud Foundry Foundation. The company plans to help evolve the open source standard as well as integrate Cloud Foundry's Platform-as-a-Service framework with its rapid app platform-as-a-service. Mendix has received a number of mentions, most recently from Forbes – listing Mendix as one of the top ten companies disrupting industries through technology – and from Always On Network – including Mendix within the top 100 OnMobile Private Companies.
Product
The Mendix application platform is based on visual, model-driven software development. At the request of Mendix, QSM Research made an independent benchmark of the product as compared with the average of software projects in the QSM industry database. According to this report, in most of the projects included in the comparison Mendix outperformed traditional development environments as measured in function points per hour and team sizes. The company offers a free software community edition of the Mendix application development tools. The company simultaneously announced their new cloud ecosystem for teams, business analysts and other partners. Most recently, Mendix announced enhancements to the Mendix platform for multi-channel app development and mobile application development. The Mendix App Store also offers new widgets to access native device functions, such as contacts, camera, geolocation and bar code scanner. The company also released the Mendix Developer App to test mobile apps. With it, developers can scan a QR code to pair their target devices with their development environments to test native device functionality. In December 2014, Mendix was cited as a "Leader" in the Forrester Wave: Enterprise Public Cloud Platforms for Rapid Developers, Q4 2014 report. Gartner also listed Mendix as a Visionary within its 2015 Magic Quadrant for Enterprise Application Platforms as a Service. Business.com listed as drawbacks that it's not clear the features and services included in each support plan, and that, being a low-code system, it provides less control of the application than a traditional platform. Mendix announced a reseller agreement with SAP through which, SAP will resell the Mendix platform under the name SAP Cloud PlatformRapid Application Development by Mendix.
