MuM’s Q3 down 7% — but that’s better than Q2
One of the earnings bellwethers in our PLMish universe, Mensch und Maschine (MuM), reported this morning that its Q3 was ... not as bad as Q2 ... and that it expects Q4 to start ramping back up. For MuM, like many others in our PLMish universe, the year started...
CGTech to be acquired by Sandvik
Sandvik, a global engineering company with about 40,000 employees, has announced that it will acquire CGTech, the company you probably know best as the maker of VERICUT, the CNC verification and optimization software. Sandvik is a publicly-traded company in Sweden and...
Tech Soft acquires Ceetron for CAE visualization
Now this is interesting. Just into the inbox: Tech Soft 3D, the leading provider of engineering software development toolkits, today announces that it has acquired Ceetron AS, experts in developing 3D visualization technology for the computer-aided engineering (CAE)...
Bentley’s Year in Infrastructure dives deep into digital twins
Depending on whom you're speaking with, digital twins are either unfathomably complex and therefore out of reach, self-serving vendor-babble, or a really useful way of thinking about assets and technology. I'm hosting a series of panels on digital plants at Bentley...
AVEVA reports H1 revenue down 12% cc
I thought we weren't going to get an update on AVEVA earnings until Schneider Electric reports Q3 results -- but, no, it came sooner. Yesterday, AVEVA said that revenue for its April to September half-year would be around £333 million, down 15% as reported (12% in...
Altair acquires M-Base for plastics
Altair just announced that is has acquired M-Base Engineering + Software GmbH, supplier of the Material Data Center materials database and material information system, targeted at the makers and users of plastics. Altair says this addition will "allow Altair to offer...
An appreciation: SolidWorks’ Vic Leventhal
My social feeds lit up this weekend with the sad news that Vic Leventhal has died. If you use Solidworks, think of Vic. If you work for or rely on a CAD reseller, think of Vic. If you've ever built a PLMish sales channel -- Vic was the guy who paved the way. Obvs, Jon...
BSY rings the Nasdaq bell last week
I had promised you a photo of Bentleys ringing the opening bell at the Nasdaq, but can go one better -- a video! https://www.youtube.com/watch?v=hf4Kk-k0iOQ&ab_channel=BentleySystems%2CInc. The first 3:30 minutes or so are of the big LED pilar billboard in Times...
Bentley’s IPO. Done. Finally.
Bentley shares started trading under the BSY symbol at around 11:15 on Wednesday. Someone told me that the bookmaker, the brokerage firm that handles trading of the shares, had to determine the opening price, which I thought would be the price Bentley set last night,...
PTC acquires ioxp for cognitive AR
I saw this on Ralf Steck's blog just now and verified it on PTC Germany's website: PTC has acquired German start-up ioxp to for its cognitive AR and AI technologies. Ralf says that ioxp is a spin-off of the German Research Center for Artificial Intelligence (DFKI) and...
Quickie: Bentley IPO now at $22/share
I am no expert at IPOs but this seems unusual to me: Bentley's offering had originally set a price range of $17 to $19 per share, then yesterday that range was upped to $19 to $21 -- and then last night, it was again raised, to $22/share. That means the selling...
Quickie: Bentley raises price in IPO
How interesting: Bentley just filed with the SEC to raise its price per share from $17 to $19, to $19 to $21 -- that ups the value of the shares being sold to a max of $259,580,811. Why raise the offering price? Typically, it's because there's more demand for the...
Quickies: Bentley sets IPO price, Altair acquires for HPC
I go away for a couple of days, and what happens? Yup. Newsy things! Here are two items of interest: Bentley issued another update to its IPO filing, this time with prices for the shares. You can see it here. (I have not read the whole thing, nor have I diffed it to...
Altair adds Univa to its HPC offering
Altair just announced that it has acquired Univa, a maker of workload management, scheduling, and optimization solutions for high-performance computing (HPC), on-premise and in the cloud. Altair says Univa's Grid Engine is a distributed resource management system that...
ESI Q2 revenue slowed, company sets up for growth
ESI Group reported Q2 results yesterday, to round out our PLMish earnings for the quarter ended June 30, 2020. First the details, then some comments: Total revenue in Q2 was €26 million, down 13% as reported and down 14% in constant currencies (cc)License revenue was...
Bentley’s S-1 shines a light on how private companies grow, “with engineers in charge”
As you probably know, Bentley filed to go public a few weeks ago. I put up a quick blog about the filing that evening and promised to read the whole thing and write about the highlights in a subsequent post. But I hit a snag. A Registration Statement, the S-1 a...
More details on AVEVA + OSIsoft — including about that rights offer
We've learned a bit more about the proposed combination of AVEVA and OSI since the announcement early last Tuesday. Much more will come out in six weeks or so when the official paperwork is filed but here's what I learned while listening to the investor and industry...
Autodesk’s Q2 revenue up 15%, comes out swinging on AEC
Autodesk has lost none of its swagger, yesterday reporting that total revenue was up 15%, with results across the metrics that investors look at ahead of consensus estimates. Even so, the company's guidance for its fiscal third disappointed, leading Autodesk's share...
AVEVA did it: reaches deal to acquire OSIsoft for $5 billion
Remember how AVEVA said it was in talks to acquire OSISoft? Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Lots more detail to come but here's what we...
Bentley files its IPO — again. Finally.
So much S-1 to read ... so little time. You can see the filing for yourself here. A couple of quick highlights from the front of the document: This is an IPO for shares owned by others, as a way of creating a liquid market for Class B shares. Bentley states upfront,...
