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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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