Schneider Electric reports 2019 revenue up 6%, growing focus on digital offerings
Schneider Electric is a massively complicated company, making everything from home energy management solutions to software to operate production facilities. And, as we saw last week, looking to get into building construction with its proposed acquisition of RIB...
Tech Soft 3D secures backing from Battery Ventures
Investor interest in out little PLMish world remains strong. Tech Soft 3D yesterday announced that it has closed a "significant" investment from Battery Ventures and that Battery General Partner Morad Elhafed and Vice President Satoshi Harris-Koizumi will join the...
AVEVA says Q4 pipeline solid
AVEVA says Q4 pipeline "solid"Schneider Electric reported results today which mean that AVEVA also released a teeny earnings announcement. More on Schneider Electric later; AVEVA said it had seen revenue growth in the "high single-digits" on an organic, constant...
Bentley maybe inching towards an IPO again?!
Bentley issued a terse press release yesterday, saying in its entirety EXTON, Pa., U.S.A. – February 13, 2020 – Bentley Systems, Incorporated today announced that it has confidentially submitted a draft registration statement on form S-1 with the Securities and...
ESI reports revenue up 8% in 2019
ESI reported results yesterday for the 12 months ended 31 December 2019 and for the 11 months from 1 February 2019 to 31 December 2019. Since ESI is shifting its financial year to reflect the calendar, we'll just focus on the 12 month pro forma results. As a side...
Schneider Electric gets into construction, buys RIB
How interesting: Schneider Electric just announced that it is buying RIB Software, the German maker of cloud and desktop solutions for AEC/construction projects, for €1.4 billion (a 6.5x revenue multiple). Why? According to Schneider Electric Chairman and CEO,...
MuM’s prelim results for 2019 show organic revenue up 25%
Mensch und Maschine, Autodesk's largest European reseller and a software company in its own right, announced preliminary results for 2019 today. MuM said that it saw 25% organic revenue growth; add that to the revenue it recognized from SOFiSTiK, and we get to total...
Dassault Systèmes pivots further to life sciences but industrial still dominates revenue
Dassault Systèmes announced results this morning that are generally seen as a bit "light", meaning below analyst consensus even though they were at the top end of the company's own guidance. No acquisitions were announced, but there is a pretty major move on the...
Koch Equity buys rest of Infor
It's not as though this is a slow news week ... here's one more, super quick: Infor, the ERP vendor, is being acquired by Koch Equity Development LLC, the investment subsidiary of Koch Industries, the huge conglomerate founded by Charles and David Koch. Koch...
Hexagon puts 2019 in the rearview, cautiously optimistic about 2020
Hexagon is such a diverse company these days that it's hard to draw a simple set of conclusions from its earnings reports. After all, it operates in the process industries with the former Intergraph PPM, in a fledgling BIM way with Bricscad -- but also in mechanical...
Nemetschek reports revenue up 21% in 2019
It's a big day for PLMish earnings, with Siemens, Hexagon and Nemetschek all announcing results for the year ending quarter, so let's get right to it. Nemetschek issued preliminary results which include only big-picture numbers -- and they're pretty amazing: Total...
Hexagon adds to its GIS CaaS offering
You could be forgiven for not realizing that Hexagon, besides offering lots of design, engineering and manufacturing technology, also sells data. In fact, that was a major feature of Hexagon's Capital Markets Day back in 2014 or 2015, right after it acquired North...
A bit more on the ANSYS / Aras OEM deal
I had a number of questions about the new / upgraded relationship between ANSYS and Aras that was announced last week and reached out to both companies for more details. ANSYS VP Strategy and Partnerships Sin Min Yap told me the following; his comments are preceded by...
PLM goes green?
I believe in science. In the null hypothesis. In finding the root cause. And science says we are not doing nearly enough to reverse the damage already done to our planet by our homes, factories, cars, ships and planes, and to prevent further climate change. So when I...
Simcenter Amsterdam: making simulation a routine part of design
Last December I went to Amsterdam to attend Siemens' Simcenter Symposium. It's one of my favorite events because it brings together so many different … everythings: auto talks to aero, who talk to marine; STAR-CCM+ people learn about Amesim; and we all learned that...
Aras & ANSYS team up but no acquisition
This just came into the inbox: Aras Licenses Platform to ANSYS in Strategic OEM Deal Partnership will enable better processes and data management of simulations for digital thread traceability across the lifecycle You know Aras, the open source PLM platform, and you...
At AU 2019, AEC continued to rule
Did I go to AU in 2019? Why, yes, I did. But I had the flu so only participated in a fraction of what was going on and only now have the time to share what I learned. 13,000 people, 13,000 stories and I only got a tiny bit, sigh. Since I had to narrow down, I focused...
Hexagon ups the ante – announces deals in mining & geosystems
Altair started the year with an acquisition but we have to give props to Hexagon for the pace of their deals: closing one deal from 2019 and two brand new ones today. First the new news. Hexagon is acquiring Blast Movement Technology (BMT), maker of monitoring...
Altair starts 2020 with an EMAG deal
Surprise! One of the PLMish world's most acquisitive companies has done it again: Altair announced today that it has snapped up Spain's newFASANT, which makes software used for high-frequency electromagnetic analysis. newFASANT was founded in 2010, a spin-off from the...
Do we even still fax?
Hello and welcome back! I hope you had a bit of time off at the year-end and are not stressing too much over how many cookies you might (or might not, we'll never know) have consumed. I'm easing back in and discovered this marvelous headline among all of the emails...
