RCS - PSI Software SE - PSI announces collaboration with Google Cloud

PSI Software SEAnnouncement

12/03/2025 10:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250312:nRSL3749Aa&default-theme=true

RNS Number : 3749A  PSI Software SE  12 March 2025

 PSI Software SE / Key word(s): Alliance/Contract

PSI announces collaboration with Google Cloud to accelerate industrial AI
 adoption

12.03.2025 / 10:08 CET/CEST

The issuer is solely responsible for the content of this announcement.

PSI announces collaboration with Google Cloud to accelerate industrial AI
 adoption

PSI will run its SaaS offerings on Google Cloud and partner on AI-driven
 business transformation services

Berlin, March 12, 2025 - As part of its cloud & SaaS
 (Software-as-a-Service) transformation, PSI has selected Google Cloud as its
 strategic partner. The Google Cloud Platform (GCP) is going to serve as the
 foundation for PSI's SaaS offerings and both partners complement each other
 with their powerful industrial artificial intelligence (industrial AI)
 applications. The partnership also opens up a new powerful ecosystem for PSI
 and will radically modernize the PSI software development environment.

PSI is going to drive the cloud transformation on several levels. Besides a
 significant increase in efficiency, reliability and speed-to-market, this
 partnership supports the transformation of PSIs product portfolio to enable
 SaaS-based business models.

"We chose Google Cloud because we are convinced that this partnership is
 complementary and unique," says Robert Klaffus, CEO of PSI. "With significant
 commitments from both parties, the partnership will boost PSI's cloud and SaaS
 transformation. This will enable us to innovate faster, substantially improve
 the scaling of our business and be at the forefront of the industrial AI
 revolution."

"Google Cloud will provide PSI with its secure, AI-optimized infrastructure to
 enhance the company's SaaS transformation journey," says Marianne Janik, VP
 EMEA North at Google Cloud. "Together, we will enable PSI to modernize their
 infrastructure and accelerate innovation in industrial AI solutions,
 underscoring our joint commitment to driving digital transformation among
 Germany's industrial technology leaders."

After streamlining the corporate structures and focusing the portfolio, PSI is
 taking the next important step in the implementation of its strategic change
 program "PSI reloaded". Transforming PSI into a cloud-first software company
 will help it increase business efficiency and create more value for customers.

The PSI Group develops software products for optimizing the flow of energy
 and materials for utilities and industry. As an independent software producer
 with more than 2,300 employees, PSI has been a technology leader since 1969
 for process control systems that ensure sustainable energy supply, production
 and logistics by combining AI methods with industrially proven optimization
 methods. The innovative industry products can be operated on-premises or in
 the cloud. www.psi.de

Contact:

PSI Software SE

Karsten Pierschke

Head of Investor Relations and Corporate Communications

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Email: KPierschke@psi.de

12.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group.

The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com

 

 Language:     English
 Company:      PSI Software SE
               Dircksenstraße 42-44
               10178 Berlin
               Germany
 Phone:        +49 (0)30 2801-0
 Fax:          +49 (0)30 2801-1000
 E-mail:       ir@psi.de
 Internet:     www.psi.de
 ISIN:         DE000A0Z1JH9
 WKN:          A0Z1JH
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  2099352

 

 

 End of News  EQS News Service

 

2099352  12.03.2025 CET/CEST

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAJTMLTMTABMAA