PTC says Q4 revenue will be low because of … subs

PTC says Q4 revenue will be low because of … subs

PTC just announced preliminary results for Q4 of fiscal 2016 (ended last week) that show bookings will be well ahead of plan but revenue lower than expected. Blame math: more buyers chose subscriptions than perpetuals, which means revenue will be below expectations...
Big news: Siemens PLM CEO Chuck Grindstaff moving up

Big news: Siemens PLM CEO Chuck Grindstaff moving up

Siemens PLM just told me that Chuck Grindstaff is moving up, taking on a new role as Executive Chairman of Siemens PLM Software; current EVP of Global Sales, Marketing and Service, Tony Hemmelgarn, will take over as CEO on October 1. I’m a bit gobsmacked but...
Siemens unleashes the potential of 3D printing

Siemens unleashes the potential of 3D printing

Ahh, Fall! Here in the Northern hemisphere, a time of cooler temperatures, changing foliage and … PLMish conferences. Analyst events, user conferences, product launches — it’s a busy time in our little world. In order to keep up with it all,...
Altair revs its rendering engine

Altair revs its rendering engine

Altair announced today that it has acquired Solid Iris Technologies, maker of the Thea Render photorealistic rendering engine that’s already in use in Altair’s solidThinking Evolve concept design solution. Thea Render results are gorgeous –check out...
Quickie: GE all in on 3D printing

Quickie: GE all in on 3D printing

General Electric, the global megacorp that includes aircraft engines in its huge manufacturing portfolio, announced today that it is acquiring two European 3D printing companies for a total of $1.4 billion, making ever more real its vision to supply more complex...
Big changes coming at ANSYS

Big changes coming at ANSYS

ANSYS just announced that longtime CEO Jim Cashman will be stepping aside as CEO but will remain with ANSYS as Chairman of the Board of Directors. Taking the CEO reins will be Dr. Ajei Gopal, who has been a member of ANSYS’ Board since 2011. Dr. Gopal became...
Quickies: Acquisitions continue in the PLMish world

Quickies: Acquisitions continue in the PLMish world

Just because you’re lying on a beach, don’t assume everyone is. We’ve had a couple of acquisition announcements come across the transom in the last week, and they’re noteworthy. SofTech continues its shift in focus away from PLM. You may have...
Q&A Friday: CD-adapco and CAE at the Olympics

Q&A Friday: CD-adapco and CAE at the Olympics

It’s a gorgeous summer day here in New England — a perfect time for a little A to some of the Qs that have come in to the Schnitger Corp. website: Who is the CEO of CD-adapco? Bob Ryan has been the CEO of CD-adapco since June. You may know Mr. Ryan from...
Hexagon acquisition boosts construction accountability

Hexagon acquisition boosts construction accountability

Dire reports about poor productivity on construction sites (plus, to be honest, the public perception that most workers are just standing around) means that this is an industry ripe for PLMization. Bentley, Trimble and Autodesk have been selling technology to this...