Didn't realize Hackaday and Tindie were making $70m in revenue. Siemens seems to have good track record in other acquisitions in EE space. I guess they're trying to go up against Arrow, Avnet, etc
Siemens acquires Supplyframe, owners of Hackaday and Tindie
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Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#22I hope hackaday manages to stay around. They're the only blog I know which has maintained a high quality though all of these years and through many different owners.
I hope so too! I've been a (semi-) regular reader for just over a decade now, and they are a wealth of information and inspiration.
The only thing I might change would be the lack of edit/delete in the comments section (every time I read comments on there somebody seems to be asking mods to delete a duplicate comment, etc). I can't really complain, at least they didn't use some heavy, potentially data-sucking third party comment platform like FB or Disqus. I assume it's some kind of WordPress plugin, but I haven't looked into it.
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#23Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#24Huge fan of Hackaday so I'm really not with this acquisition but if you offer me 700,000,000 for my blog I'd sell it too. I wish them the best of luck.
Not just the blog but Tindie as well all under the umbrella(Supplyframe) they brought for $0.7m. "The expected revenue of Supplyframe for the fiscal year 2021 is around $70 million with profit margins typical for the software business." sure does make for a different perspective upon the offer and on the basis of that, along with the growth in that area of hobby electronics. I figure for the buyer, it's a bargain and on the face of it, could of sold for more.
[EDIT ADD} OK been pointed out I slipped few points on that value and it's $700m which with that turnover makes way more sense. But epic Doh moment and hands up on that laugh.
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#25Extremely disappointing. Siemens has no business owning or purchasing these sites. Shame on Supplyframe.
I'm not sure they feel ashamed or should; USD 0.7 billion solves a lot of problems for the owners/employees.
What was your offer?
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#26I wounder why? $0.7B for a blog, and a wordpress shop? Cheap money make "miracles" these days.
https://supplyframe.com/why-supplyframe/ 70+ websites and a SaaS supply chain management intelligence software (Design-to-Source Intelligence as they call it) that nets $70M revenue annually...
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#27I have two questions which aren't answered in the article and seem like they should be,
* What's Hackaday?
* What's Tindie?
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#28I hope hackaday manages to stay around. They're the only blog I know which has maintained a high quality though all of these years and through many different owners.
Their podcast is quite good as well. Check it out if you haven't.
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#29Extremely disappointing. Siemens has no business owning or purchasing these sites. Shame on Supplyframe.
I'm not sure they feel ashamed or should; USD 0.7 billion solves a lot of problems for the owners/employees. What was your offer?
You've conflated might with right, I think. It's pretty clear the comment you're replying to was not judging this on financial terms.
Re: Siemens acquires Supplyframe, owners of Hackaday and Tindie
#30I wounder why? $0.7B for a blog, and a wordpress shop? Cheap money make "miracles" these days.
https://supplyframe.com/why-supplyframe/ 70+ websites and a SaaS supply chain management intelligence software (Design-to-Source Intelligence as they call it) that nets $70M revenue annually...
$700M for $70M? I'd say it's still a very jaw dropping deal