Q2 AEC earnings: Six companies, one industry, four trends
The AECish part of our PLMish universe is absolutely rocking. Every company beat or met expectations and raised full-year guidance in the recent spate of earnings news. Before we get to some comments, a few key figures and announcements — see each company’s investor...
CAE earnings recap: No hallucinations here
I probably get more CAE questions that any other single topic but, across the PLMish landscape, fewer and fewer companies report specifically on CAE-related earnings so it's hard to quantify what's going on with the vendors. Siemens mentions its CAE acquisitions,...
Bentley cashes out of Cohesive — into Naviam
Bentley just announced it's selling its Cohesive business to Naviam, as part of a strategic partnership to form what the companies call the world's largest independent IBM Maximo services provider. You may recall that Bentley acquired Cohesive Solutions in 2020...
PLMish earnings check: what have we learned?
So. Many. Earnings. Reports. Dassault Systèmes, PTC, and Siemens have reported results for their latest quarters, and, not surprisingly, the companies used their earnings call to make basically the same argument: everything old is cranking along — but many things are...
5 on a Monday: Dassault, Procore, Autodesk deal updates; UK antitrust and … do founders ever really retire?
It has been a very busy few weeks. I hope you are all staying safe from the recent wildfires, smoke, and earthquakes. Earnings season is underway and looking good so far. I'll try to recap those numbers later this week. In the meantime, we have more acquisition news,...
2 days, 2 deals: Siemens to acquire Defacto Technologies
Siemens just announced that it will acquire Defacto Technologies for its "register-transfer level (RTL) design field focused on automated SoC design creation and integration." Siemens says the acquisition "further expands Siemens’ EDA portfolio with capabilities that...
Siemens to acquire Precision Innovations for AI-powered chip planning
Just into the Inbox: Siemens will acquire Precision Innovations to add AI-powered chip planning capabilities to its EDA portfolio. As far as I can tell (not an EDA person), Precision Innovations' offering is the open-source OpenROAD framework, which "help[s]...
FT: Dassault Systèmes might be adding to its life sciences offering
The Financial Times reported yesterday (and I haven't been able to verify) that Dassault Systèmes is in talks to buy drug trial software maker ArisGlobal from Nordic Capital for about $2 billion. The FT article mostly discusses what Nordic Capital would get from the...
Super quick: Maya HTT acquires Friendship Systems
This email just landed in my inbox -- I am late for a meeting but it matters so you need to know about it: Maya HTT is pleased to welcome Friendship Systems and CAESES to the Maya HTT family. As part of this acquisition, Maya HTT is expanding its engineering software...
Clues ahead of PLMish earnings season? Or not?
PLMish earnings start tomorrow, when Sandvik reports its second-quarter results. I don’t know what they'll say, but I'm getting questions about PLMish earnings since IBM pre-announced results on Tuesday morning, so let's explore. [Quick refresher: US companies release...
Schneider Electric to acquire Cognite for $3.1billion
Well, well, well. Schneider Electric just announced that it will acquire Cognite Holding in an all-cash transaction valued at $3.1 billion, and will "integrate the industrial artificial intelligence software company's data foundation" into AVEVA. I first came across...
Autodesk’s $3.6B bet on MaintainX for asset operations
Autodesk just announced the largest acquisition in the company’s history: it will acquire MaintainX for $3.6 billion as the starting point for a new Autodesk Operations Solutions division. So many questions: Who? Why? Why now? And, of course, what’s with that huge...
The additive saga continues: Stratasys buys MarkForged
I've written plenty about how technology needs to be timed just right: too early to market and a company expends all its energy and capital on educating that market on why the tech matters; too late, and a company loses the advantage of being seen as cutting edge....
Nemetschek expands Build with HCSS acquisition
Nemetschek just announced that it will acquire Heavy Construction Systems Specialists (HCSS) from private equity firm Thoma Bravo. I know you're all asking, who?? HCSS makes specialized software for civil, infrastructure, and utility contractors. They offer solutions...
Evolution continues: Hexagon buys Waygate
Hexagon continues its reinvention — the PPM spin-off, Octave, won't be complete until May, in all likelihood — today announcing the acquisition of Waygate Technologies for $1.45 billion in cash (about €1.24 billion), in a carve-out from Baker Hughes. Waygate had...
PTC’s Strategic Pivot: Back to the Future – and welcome, Velotic
You might recall PTC’s announcement last year regarding the sale of its ThingWorx and Kepware businesses to TPG for $725 million. Last week, the deal officially closed. While the headline figure is large, it’s not all “cash in hand.” After accounting for a potential...
Hexagon and Cadence complete transfer of design & engineering business
Superquick. Blizzard bearing down, may lose power (but warm and cozy so far). Hexagon and Cadence just announced that completion of the sale of Hexagon's Design & Engineering business (D&E) to Cadence, for a total of around €2.7 billion: something like €1.9...
SaaS isn’t going away—even in the age of AI
I get asked this a lot: "Is SaaS dead?" — and, given that all of the PLMish companies in our space sell their software that way, it's a good question. The whole "SaaS is dead" thing apparently started when Microsoft's CEO, Satya Nadella, said something like this:...
“Flow” wars: Autodesk sues Google over product name
Reuters reported yesterday that Autodesk is suing Google for infringing on its "Flow" trademark and marketing competing AI-enabled tools that, like Autodesk's Flow, are used to make movies, TV shows, and video games. In the complaint, Autodesk says it began using the...
Super quick: Siemens adds to EDA portfolio
Siemens just announced that it has acquired Canopus AI, makers of a computational metrology platform for semiconductor manufacturers. [If you Google, note that there are two companies called Canopus AI; Siemens acquired this one: https://www.canopus-ai.com/] Siemens...
