Siemens to purchase IndX Software

LOS ANGELES, Dec. 4, 2003 — Siemens said that it intends to purchase IndX Software Corp. of Aliso Viejo, enabling Siemens to expand its range of IT solutions for industrial management in the process industry, especially in the oil and gas sector. The terms of the agreement were not disclosed.

IndX is a supplier of software solutions that provide a common view of diverse technical and business-management data, enabling managers and operators of large industrial manufacturers to control production more efficiently. The company will continue to operate at the Aliso Viejo location near Los Angeles under the name “IndX Software Corporation — A Siemens Company” and will be consolidated as part of Siemens Energy & Automation Inc., Atlanta.

IT solutions for industrial management represent a strategic business activity for Siemens in the high-potential oil and gas sector. “By acquiring IndX’s software solutions, Siemens is expanding its IT portfolio and enhancing its market position in the oil and gas sectors,” explained Joergen Ole Haslestad, president of Siemens Industrial Solutions and Services Group.

Matthew Witte, president and CEO of IndX, emphasized that “this acquisition is a logical next step in our growth and assures that IndX will be able to expand its range of software solutions as well as its position in the market.” Witte continued, “Siemens recognized the tremendous business value of Operations Intelligence as we worked side-by-side on global implementations during the past year. With the extension of our partnership as a Siemens Company, and the addition of the company’s technological expertise and worldwide presence, IndX is well positioned for the future.”

Established in 1996, IndX Software Corporation specializes in delivering operations intelligence. The company helps large industrial manufacturers get more value out of existing investments in plant automation and IT. Its XHQ operations intelligence platform provides a common view of all critical business and transactional data from disparate sources throughout the enterprise, enabling plant floor and operations personnel, as well as senior management, to monitor real-time performance against business goals, and make more informed decisions about plant operations that positively impact the bottom line. IndX has taken an early lead in the deployment of its product in a large number of the world’s leading oil & gas companies, and the company’s product is currently in production and delivering business value at over 50 plants globally.

About Siemens

Siemens AG, headquartered in Munich, is a leading global electronics and engineering company. Siemens and its subsidiaries employ 426,000 people in 192 countries and reported worldwide sales of $77.8 billion in fiscal 2002 (10/1/01 – 9/30/02). The United States is Siemens’ largest market in the world, with 14 of Siemens’ worldwide businesses headquartered here and annual sales of $21.5 billion in fiscal 2002. The Siemens companies in the U.S. employ approximately 70,000 people in all 50 states and Puerto Rico. Corporate headquarters for Siemens’ U.S. businesses are located in New York City. For more information: .

Atlanta-based Siemens Energy & Automation, Inc., a Siemens’ U.S. operating company, manufactures and markets one of the world’s broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. For more information: .

About IndX Software Corporation

IndX Software Corporation develops and markets XHQà¢â€ž-, an Operations Intelligence Platform for large industrial manufacturers, who need to get more value out of their existing investments in plant automation and IT infrastructure. XHQ provides a common view of all business and transactional data, enabling real-time performance monitoring against business goals, and more informed decisions about plant operations that positively impact the bottom line. World-class companies in oil & gas, chemicals, food & beverage as well as power generation use XHQ to enhance operations and profitability. For further information: .

SOURCE Siemens Energy & Automation
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