Schnitger Corporation

Strategic Discovery — Market Research & Insight

Quickie: Siemens nabs Nextflow for meshless CFD

Siemens just announced that it has acquired Nextflow Software, maker of computational fluid dynamics (CFD) solvers. Siemens says that Nextflow’s Smooth-Particle Hydrodynamics (SPH) solver doesn't require the analyst to create a mesh, making it suitable for non-experts...

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Bentley’s Q1 revenue up 14%, cites SMB progress

Bentley reported results way back on May 11 but I haven't had time to finish a deeper analysis -- so here's a quick piece on those results and a little bit on what it all means. Even more quickly: Bentley's off to a great start for 2021. Some details: Bentley reported...

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Procore finally IPOs; valued at $8.5 billion

No doubt about it: the market for makers of IT solutions targeted at the construction industry is HOT. Procore finally completed its initial public offering yesterday, raising $635 million by selling 9.5 million shares at $67 per share on the New York Stock Exchange....

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Ansys acquires Phoenix Integration & its ModelCenter

Ansys just announced that it has acquired Phoenix Integration, maker of ModelCenter, a tool used by many who apply the principles of model-based engineering (MBE) and model-based systems engineering (MBSE). The point of MBE/MBSE is to automate engineering processes...

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Quickie: Autodesk completes Upchain acquisition

Autodesk just announced that its acquisition of Upchain is a done deal. Many of you have asked about Autodesk's plans for integration of Upchain and Fusion 360 / Vault / Forge -- and we should start seeing more information, now that the teams can actually start work....

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Nemetschek starts strong, Q1 revenue up 12%cc

The Nemetschek Group recently reported Q1 results that point to a recovery in AEC -- and bodes well for Bentley tomorrow and Autodesk later in the month. The details: Total Q1 revenue was up 8% (up 12% in constant currencies, cc) to €158 millionSoftware revenue €55...

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ESI turns the corner, back to growth in Q1

Catching up on more earnings announcements. Last week, ESI Group reported Q1 revenue of €55.5 million, up 1% as reported and up 4% in constant currencies. ESI has been reinventing itself and first issued guidance to investors during the last earnings call. Q1 2021...

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Hexagon continues to improve; Q1 revenue up 10%

Hexagon reported results last week that were surprisingly good and that --remember that Hexagon doesn't itself issue guidance-- beat analyst consensus. The details: Total revenue in Q1 was €978 million, up 10% as reported and up 11% on an organic, constant currency...

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Quickie: Bentley acquires for iTwin offering

Bentley just announced that it is acquiring sensemetrics and Vista Data Vision, both of which make software for Internet of Things (IoT) applications targeted at infrastructure use cases. Bentley says the companies will "expand the scope of the Bentley iTwin platform...

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