This Research Note explores what’s behind the November 2025 announcement that Siemens has acquired key technology assets of Australian startup, Setmetrics Pty Ltd. We highlight the technology transfer to Brightly Software, following a partnership in Siemens’ Xcelerator ecosystem, before confirming the voluntary liquidation of Setmetrics as an independent entity. Transaction Details Siemens adds key technology from SaaS provider Setmetrics to Brightly Software, a Siemens company.  The acquisition of technology assets from Setmetrics has been completed. The parties have agreed not to disclose the details of the transaction. Strategic Rationale These assets now enhance Brightly Software’s “Energy Twin” capabilities, enabling rapid energy efficiency modelling with up to 80% reduction in design effort. “This technology significantly elevates our digital twin capabilities, enabling us to model the impact of investments not just on facility condition, but also on critical energy performance,” said Don Kurelich, CEO at Brightly Software. “This integrated foresight is paramount for our clients, empowering them […]