Late last year, Siemens, a German multinational conglomerate company that works in the energy, technology and health sectors, agreed to acquire Alameda-based software engineering company Polarion Software Inc. The transaction was completed early this year. 

Polarion is a leader in the application lifecycle management (ALM) market. The company leverages an open architecture, exhibits state-of-the-art source code management and supports the needs of open-source software development. ALM provides supervision of a software application from its initial planning through retirement. 

Stages include the testing of an application, audit reports and tracking management. Polarion tracks changes to an application and documents them through a web-based platform. 

Siemens is a leader in product lifecycle management (PLM) and looks to integrate ALM into PLM. 

“By adding Polarion ALM solutions to our PLM portfolio, we are further strengthening our ability to help companies create smart, connected products,” wrote Chuck Grindstaff, CEO and president of Siemens PLM Software in a recent press release. “Polarion’s advanced functions integrate software specification, development, testing and simulation further into our market leading systems-driven product development environment.”

Polarion’s ALM has already been used by companies such as T-Mobile and Mercendes Benz as well as the U.S. Air Force. They received $10 million in funding from Siemens in March 2014 for investment research purposes. 

Polarion is located at 1001 Marina Village Parkway.