In the recent years, Bosch Software Innovations GmBH emphasized majorly on releasing new products. . For instance, in October 2015, the company released a new version of its software suite Version V1.5 specifically designed to deliver projects pertaining to Internet of Things (IoT). The software makes it possible to integrate existing business processes in a wide range of heterogeneous IT infrastructures. Bosch Software Innovations started offering the Bosch IoT Suite as a PaaS that provides a comprehensive toolbox in the cloud from March 2016. Furthermore, the company focused on inorganic growth strategies such as partnerships and collaborations with technology partners to strengthen its capabilities around Internet-of-Things (IoT) solutions and services. For instance, in March 2016, Zumtobel Group (Austria), a leading player in the field of innovative lighting solutions and components, partnered with Bosch Software Innovations to develop energy efficient and intelligent commercial buildings. The initial focus of the partnership would be on remote monitoring and space management in the area of smart lighting solutions for connected buildings.