Bentley adds to mining offering with Minalytix acquisition
Bentley just announced that its Seequent business has acquired Minalytix, a Canadian company that makes the MX Deposit suite of products. Minalytix was already partly owned by Seequent, though the press materials didn't say how much or reveal any financial details of...
ESI sets the stage with a decent Q2
ESI reported results today for the quarter ended 30 June that were ... decent. As you may know, ESI is in the middle of a transformation from a company that was somewhat random in its execution and communication with customers and investors, to one that aims to be...
Ansys adds Zemax optical imaging system simulation to its portfolio
Ansys has announced that it will acquire Zemax, maker of high-performance optical imaging system simulation solutions. The terms of the deal were not announced, but it is expected to close in the fourth quarter of 2021. Zemax's OpticStudio is often mentioned when...
Sandvik building CAM powerhouse by acquisition
Last year Sandvik acquired CGTech, makers of Vericut. I, like many people, thought “well, that’s interesting” and moved on. Then in July, Sandvik announced it was snapping up the holding company for Cimatron, GibbsCAM (both acquired by Battery Ventures from 3D...
Missed it: Sandvik also acquiring GibbsCAM, Cimatron & SigmaNEST
I missed this last month -- Sandvik also acquired Cambrio, which is the combined brand for what we might know better as GibbsCAM (milling, turning), Cimatron (mold and die), and SigmaNEST (nesting, obvs). These three were spun out of 3D Systems last year, acquired by...
Mastercam will be independent no more
CNC Software and its Mastercam have been a mainstay among CAM providers for decades, marketing its solutions as independent, focused on the workgroup and individual. That is about to change: Sandvik, which bought CGTech late last year, has announced that it will...
Bentley saw a rebound in infrastructure in Q2 but is cautious about China
Bentley continues to grow its deep expertise in various AEC disciplines — most recently, expanding its focus in underground resource mapping and analysis. This diversity serves it well; read on. In Q2, Total revenue was $223 million, up 21% as reported. Seequent...
AspenTech is cautious about F2022, citing end-market uncertainty
We still have to hear from Autodesk, but there’s been a lot of AECish earnings news over the last few weeks. This post starts a modest series as we try to catch up on those results. AspenTech reported results for its fiscal fourth quarter, 2021 last week. Total...
More consolidation: Desktop Metal to acquire ExOne
Just off the newswire: Desktop Metal, a publicly-traded company, will acquire ExOne, also public, in a deal valued at $575 million. Each ExOne shareholder will get $8.50 in cash and $17 in Desktop Metal stock for each ExOne share, which implies a 48% premium to the...
Altair adds S-FRAME for AEC structural designers
Super-quick, because it's that kind of day: Altair just announced that it has acquired S-FRAME Software, a structural analysis tool used by architects, engineers, and designers to evaluate a structure's ability to withstand loads like wind, water, and snow, and meet...
Altair beats Q2 forecasts and raises 2021 guidance
Altair reported results last week -- and like others in our PLMish universe, they were better than expected. The details: Total revenue in Q2 was $120 million, up 22% and $8 million ahead of expectations. Altair doesn't do the constant currency thing for all of its...
Ansys has a great Q2 and expects the momentum to continue
Ansys reported pretty awesome Q2 results last night, and this morning on its earnings call, said that growth was due to three things: increased optimism among its customers that end-market demand will come back post-pandemic, its own efforts to stay close to those...
Quickie: Bentley acquires Imago for image management
That's a simplified headline -- what Imago really does is enable users to catalog and review drilling core and chip (in other words, rock sample) images. A key point in the acquisition: Imago’s machine learning technology that "will lead to a step function in the...
AVEVA says revenue up 11% in CQ2, excluding OSI
AVEVA gave one of its minimalist earnings updates today, likely because its largest shareholder, Schneider Electric, announced its Q2 results this morning. (Schneider Electric is on a quarterly calendar, with the year ending in December; AVEVA's fiscal year ends in...
PTC saw FQ3 momentum in Creo, Windchill; not so much in IoT
PTC reported fiscal third quarter results last night that were … Okay. You can read/see/hear all of the details here. PTC offers data on overall product buckets, geos, etc. that you should go check out. A few of the things I thought most relevant and then some...
PLMish earnings are off to a good start with MuM and Cadence reporting strong performance
We're deep into earnings this week, as Cadence, Dassault Systèmes, Hexagon, Nemetschek, and PTC all report about what happened during the quarter that ended in June. Before that all kicks off, Mensch und Maschine last week gave us a preview of what to expect. And in...
Siemens to acquire FORAN marine design solutions
Siemens just announced that it is acquiring the FORAN software business from SENER, a Spanish engineering, procurement, and construction firm. FORAN's solutions are used in the design and construction of ships of all sorts, and marine structures like offshore oil...
3 on a Tuesday: Autodesk walks away from Altium deal; MarkForged is a public company; DS 3DX moves beyond CAD in AEC
I know - it's not Friday, no matter how much we might wish it to be. But there's a lot to catch up on, so let's get right to it: Remember last month, when news broke that Autodesk was interested in acquiring Altium, the maker of EDA solutions? Seems like a long time...
Hexagon adds location to AR, snaps up Immersal
What’s new: Hexagon acquires Immersal, which makes an SDK that adds spatial location to AR solutions. Why it matters: Sometimes, the location of an AR experience is irrelevant (doing maintenance on a unique item, for example), but in other cases, knowing that this...
Quickie: Bentley expands underground modeling with acquisition of Aarhus
I'm watching the UEFA Cup, so this will be brief: Bentley just announced that the Seequent business unit Bentley just acquired is, in turn, acquiring the Danish company, Aarhus GeoSoftware. Aarhus GeoSoftware makes AGS Workbench, SPIA, Res2DInv, and Res3DInv for the...
