Mendix and ValueMomentum Expand Partnership to Create Greater Value for Customers

● ValueMomentum is expanding its cloud business with Mendix’s global insurance and financial services industry cloud

● Financial services and insurance companies will have access to industry-specific application development templates

Beijing, China, April 25, 2022 - Mendix, a Siemens business, a global leader in enterprise-level low-code application development, announced that ValueMomentum, a long-term partner and New Jersey-based IT service and software solution provider, has been upgraded to a global system integrator (GSI). ValueMomentum is an independent provider of IT services and solutions to insurance companies and financial services companies. The cooperation with Mendix means that more financial services and insurance companies will be able to use software applications built with low code in the future to drive business value growth.

“ValueMomentum has been a Mendix partner for over three years. As a leading system integrator in the insurance and financial services markets, the company has helped organizations achieve their strategic goals faster by accelerating application development and delivery,” said Hari Sathyendran, Director and Head of Alliances at Mendix. “As a GSI, ValueMomentum will help customers establish a Siemens Low-Code Center of Excellence to continue driving the evolution of intelligent departments and enterprises.” 

GSI Program is Driving Growth on All Fronts

Mendix’s GSI program expands Siemens’ low-code presence around the world, and GSIs can gain early access to Mendix’s development blueprint and new platform capabilities, helping customers build new value creation capabilities.

“Partnering with Mendix and ValueMomentum has enabled us to increase the efficiency of our technology platform as we strategically invest in the platform and the resources we build,” said Denise Smith, director of commercial product technology at Erie. “The rapid development capabilities of Siemens’ low-code platform combined with ValueMomentum’s insurance and technology knowledge have helped us build a foundation for delivering differentiated products and customer experiences that will help us achieve our business goals.”

More and more system integrators are realizing the necessity of providing customers with application development platforms that meet enterprise standards. Based on this trend, the scale of Mendix's GSI projects has tripled in the past year.

“The insurance and financial services industry is undergoing a massive digital transformation. With the Siemens low-code platform, we are building adaptive solutions for our customers to accelerate business growth and keep pace with rapidly changing customer expectations,” said Vinod Paidimarry, Senior Vice President of Digital and Cloud Solutions at ValueMomentum. “Our expanded partnership will help insurance and financial services companies design personalized digital experiences that are relevant to the market faster.”

Gartner predicts that more than 65% of application development will adopt low-code development in 2024. Gartner recently named Siemens Low Code a leader in the 2021 Magic Quadrant for Low-Code Application Platforms (LCAP). At the same time, in the "Completeness of Vision" assessment, Siemens Low Code ranked first among all evaluated competitors. Forrester also named Siemens Low Code a leader in the "Most Powerful Products Currently" in the 2021 Forrester Wave Low-Code Development Platform report.