ValueMomentum is expanding its cloud business through Mendix’s global cloud for the insurance and financial services industries
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 the development of enterprise-class low-code applications, announced that Long-time company partner ValueMomentum, a New Jersey-based provider of IT services and software solutions, has been upgraded to Global Systems Integrator (GSI). ValueMomentum is an independent provider of IT services and solutions to insurance and financial services companies, and the partnership with Mendix means that more financial services and insurance companies will be able to use software applications built with low code to drive business value.

Hari Sathyendran, Director and Head of alliances at Mendix, said: “ValueMomentum has been a partner of Mendix for more than three years. As a leading systems integrator in the insurance and financial services markets, the company has helped many organizations achieve their strategic goals faster by accelerating application development and delivery. “As GSI, ValueMomentum will help customers build the Siemens low-Code Center of Excellence that continues to drive growth across intelligence departments and enterprises.”

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The GSI program is driving growth on all fronts

Mendix’s GSI program extends Siemens Low Code’s global reach, and GSI has early access to Mendix’s blueprint hands-on experience and new platform capabilities to help customers build new value creation capabilities.

Denise Smith, Technical Director, Commercial Products, IRui Insurance, said: “Because IRui Insurance is making strategic investments in the platform and the resources we have built, partnering with Mendix and ValueMomentum has allowed us to improve the efficiency of our technology platform. The rapid development capabilities of Siemens’ low-code platform, combined with ValueMomentum’s insurance and technology know-how, have helped us build the foundation to deliver differentiated products and customer experiences that in turn help us achieve our business goals.”

Mendix’s GSI program has tripled in size in the last year, based on a growing trend of system integrators recognizing the need to provide their customers with enterprise-standard application development platforms.

Vinod Paidimarry, Senior Vice president of Digital and Cloud Solutions at ValueMomentum, said: “The insurance and financial services industry is undergoing a huge digital transformation. With the Siemens Low Code Platform, we build adaptive solutions that help our customers accelerate business growth and keep pace with rapidly changing customer expectations. Our expanded partnership will help insurance and financial services companies more quickly design digital experiences that meet market needs and are personalized.”

Gartner predicts that by 2024, more than 65 percent of application development will take a low-code approach. Gartner recently named Siemens Low Code a leader in the 2021 Low Code Application Platform (LCAP) Magic Quadrant. At the same time, in the “Vision integrity” assessment, Siemens Low Code ranked first among all competitors evaluated. Forrester also named Siemens Low Code a leader in its 2021 Forrester Wave Low Code Development Platform report among the “most powerful products available today.”