Lots going on this week, so here’s a quick roundup – I hope to get to longer posts on some of these next week.
Dassault Systèmes acquires Intercim LLC
Intercim, maker of manufacturing operations management systems software for the aerospace and defense industry, had been a DS partner since 2004 and partly owned by DS since 2009. This deal, valued at $36.5 million, gives DS sole ownership. The combined products, in the DELMIA family, enable DS to deliver closed loop, real-time visibility between engineering and manufacturing operations. This, according to Intercim CEO John Todd, ensures engineers that their “designs are compliant with their organization’s layout and capabilities. Conversely, manufacturing personnel are provided with an opportunity to diagnose problems they encounter and present them to engineering.”
Update: DS just told me that all 49 Intercim people in the US and 16 in France will become the latest members of Dassault Systèmes.
Concerns over nuclear energy affect plant design vendor share prices
AVEVA, which sees a significant chunk of revenue from design products sold into the nuclear power industry, saw its shares price drop 3% on Thursday, the biggest decliner in London’s mid-cap index. Analysts in London said this is due to “concerns that the software firm will be affected by countries putting the brakes on new nuclear power plants.” Of course, this isn’t really anything new: the brakes have been on for years in most of the world, and the design issues with the 1970s-era plant in question in Japan are, according to statements from GE, long-resolved. The good news for AVEVA: its AVEVA Net product or collaboration and oversight could become crucial in the review process for plants that are already approved.
SofTech announces new (old?) management team
SofTech announced the appointment of a new management team led by former CEO, Joe Mullaney. Along with the leadership change, the company said that Mr. Mullaney and his team have reached agreements with the company’s largest shareholder to recapitalize the company. SofTech bought Workgroup Technologies in 2002 and today develops the ProductCenter PLM solution as well as the CADRA CAD/CAM suite and other products.
Mr. Mullaney said “SofTech is a tremendously resilient company with solid, long term customer relationships built on a foundation of exceptional customer service and products that work. The employees, many of whom have been with the Company for 15+ years, believe deeply in the technologies we offer and strive every day to exceed customer expectations. This is a fantastic opportunity to reposition SofTech for profitable growth with a healthy balance sheet, reduced debt service and, above all, an experienced, technology-focused management team and Board of Directors whose financial interests are directly aligned with the interests of the shareholders.”
Welcome back, Joe!