- SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software
- Focuses on matching automotive software buyers and sellers, over captive software development
- The digital platform increases transparency and reduces inefficiencies in software development and procurement
- Ampere*, FEV, Forvia, HL Mando, NXP Semiconductors,
TTTech Auto , and Valeo lead a “Launch Partner” group supporting SDVerse Prashant Gulati has been named CEO of the new SDVerse organization effectiveMarch 5th, 2024
Unlike the traditional captive software development approach, SDVerse focuses on connecting automotive software buyers and sellers through a transparent and efficient digital platform. Sellers can list their software’s features and attributes, while buyers can easily search and explore the available software products through a comprehensive catalogue.
Sales and purchases can be connected directly through the platform, offering a seamless experience for all participants. SDVerse is currently in development and expected to feature hundreds of automotive software products, and participants from across the automotive value chain are invited to join. In addition to the founding members, an exclusive “Launch Partner” group is already in place led by Ampere*, FEV, Forvia, HL Mando, NXP Semiconductors,
“The market for automotive software is expected to nearly double this decade, potentially outpacing the growth of software development talent pools,” said
“Automotive grade software development is rapidly transforming, and we all need to ask ourselves how we get customers really unique differentiating features faster. Part of that is identifying the common underlying code that can be shared in the name of higher quality and lower costs for our end customers,” said
Potential key subscriber benefits of SDVerse include:
- Reduced cost, time, and complexity, by eliminating duplication of efforts, enabling reuse of already-developed software, and allowing higher economies of scale by bundling software orders through multiple clients
- Higher quality of software, which has already undergone increased cycles of testing and validation. Additionally, the free-market approach improves customer vehicle quality through competition
- Improved resource allocation, which allows OEMs and suppliers to deploy engineering resources to innovate in areas that improve and differentiate driver and passenger experiences, and minimize time spent ‘reinventing the wheel’
- Improved revenue for sellers, through an expanded client base and opportunities to monetize existing IP
- New approach to software sourcing, allowing companies to source software separately from hardware, and to create an attractive alternative to OEM insourcing of software development
“Magna’s participation in SDVerse is driven by our ongoing commitment to foster collaboration and drive the automotive industry forward," said Joerg Grotendorst, Senior Vice President, Corporate R&D at Magna. "By embracing this innovative platform, we aim to create a more interconnected ecosystem that encourages OEMs, suppliers, and specialty software developers to collaborate and co-create cutting-edge solutions. SDVerse represents a transformative opportunity to revolutionize software development, sales, and sourcing processes, ultimately accelerating the industry's transition to the software-defined vehicle."
Konstantin Shirokinskiy, Partner,
On
*Ampere is the EV and Software pure player of Renault Group
Press Contacts:
Magna:
Wipro: Laura Barnes, PR lead
Company Information:
About General Motors: General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,
About Magna: Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 179,000 employees across 342 manufacturing operations and 104 product development, engineering and sales centers spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape. For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
About Wipro: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 240,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
About
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04f14bc5-4a7a-473c-9b50-490c216fa2cc
© OMX, source