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,...
FARO buys Traceable 3D
Superquick: FARO Technologies just announced that they've acquired Advanced Technical Solutions in Scandinavia AB ("ATS"), maker of Traceable 3D, which combines measurement, technology, and methodology in a single workflow. The point? Repeatable data capture and...
AspenTech continues trend of good PLMish news
We're learning a lot about what works and what doesn't when a global pandemic hits -- there's no guarantee that this will work next time but, so far: low-touch subscriptions sales and renewals, anything that lets people work remotely, and risk reduction technologies...
Altair’s Q2 beat expectations; leads to slight raise in 2020 guidance
Altair reported results last week that continue the PLMish theme of "it could have been much much worse". First, the details: Total revenue was $98.6 million, down 8% as reported (and down 6% in constant currencies, cc) but ahead of the company's guidance Software...
AVEVA says it’s in talks to acquire OSIsoft
It’s been rumored for a while that Schneider Electric is thinking about acquiring OSIsoft; today AVEVA said in a press release that it was in talks for the deal. (Schneider Electric owns most of AVEVA.) If you're just tuning in to this news, OSIsoft makes PI (Plant...
Siemens Digital Industries software revenue up 11% – and a hint that all is well at Bentley
Siemens AG is a huge and complicated business that announced fiscal third-quarter results yesterday. Total FQ3 revenue was down 5% from a year ago to €13.5 billion. Orders, an important metric for companies that sell hardware, fell by 7% to €14.4 billion, though it...
ANSYS Q2 shows big deals CAN be closed during a pandemic
Large deals made ANSYS' Q2 look unusually strong, in what otherwise has been a relatively weak reporting season in our PLMish world. ANSYS CEO Ajay Gopal said the company closed the largest deal in its history in Q2, as an existing automotive customer standardized on...
Quickie: Nemetschek’s cautious optimism, RIB roars ahead
A quick update on Nemetschek and RIB's AEC-ish earnings --- and on the progress of Schneider Electric's acquisition of a majority of RIB's shares, since you've been asking. Starting with Nemetschek, total Q2 revenue was €141.6 million , up 3% as reported, up 2% in...
