What the heck is CFIUS, anyway?

What the heck is CFIUS, anyway?

A few of you have written to ask why the approval of a US government agency called CFIUS held up the AVEVA/Schneider merger, and to ask why a US government body even cared about the combination of a UK-listed company and a Paris-listed company. Great questions;...
Quickie: AVEVA+Schneider=DONE

Quickie: AVEVA+Schneider=DONE

Finally, finally: AVEVA announced today that at 8AM UK time on March 1, 2018 it more than doubled in size with the addition of Schneider Electric’s software people and products. Ex-PTCer Craig Hayman, as expected, took over as CEO last week and had this to say...
Quickie: New AVEVA names new CEO — and he’s from PTC

Quickie: New AVEVA names new CEO — and he’s from PTC

Small world. AVEVA today announced that PTC’s Craig Hayman will become CEO of the entity that will be created once the merger of AVEVA and Schneider Electric’s software business has completed. Mr. Hayman starts on February 19, so the close seems imminent....
More AECish news, this time AVEVA and Hexagon

More AECish news, this time AVEVA and Hexagon

Goodness, but the AEC world is just crazy newsy right now. Two quick things: AVEVA announced yesterday that the first 9 months of its 2018 fiscal year were better than forecast due to improved execution, stabilizing end-markets and the signing of a...
Quickie: AVEVA + Schneider closing delayed

Quickie: AVEVA + Schneider closing delayed

AVEVA just announced that it’s waiting on one last regulatory approval, from the US Committee on Foreign Investments (CFIUS), before the close if its merger with Schneider Electric’s software business. According to the press release, “AVEVA and...
Quickie: AVEVA announces “much improved” H1 2018

Quickie: AVEVA announces “much improved” H1 2018

Super-quick, as I’m at Autodesk University: AVEVA reported today that revenue for the six months ended September 30 was £94 million, up 11% as reported and up 6% in constant currencies — a “much-improved performance”  in the first half of its...
Super quickie: AVEVA shareholders approve Schneider deal

Super quickie: AVEVA shareholders approve Schneider deal

Over 99% of AVEVA shares voted in favor of the combination with Schneider Electric’s Software Business, the entity that includes SimSci, WonderWare and other software assets of Schneider Electric SE. According to the plan outlined earlier this month, that leaves...