Deals, Deals, Deals: Hexagon & Ansys acquire tuck-ins, even as VCs slow their roll
PLMish companies continue to add incrementally to their offerings, though none has made a big, game-changing acquisition in a while. Today, Ansys said that it was adding thermal and fluid analysis for space applications and satellites via the acquisition of C&R...
Travel, tech adoption & news from Tech Soft 3D, Hexagon & Sandvik
I've been traveling for work for the last two weeks. When time permits, I'll write about ESI LIVE 2022 and Autodesk University (AU), but I owe you a little catchup. It's been a busy and fun couple of weeks but, TBH, I'm happy to be home. On the travel front: I know...
Schneider Electric to buy rest of AVEVA
Schneider Electric announced today that it is going to go ahead with its plan to buy the 40% or so of AVEVA that it doesn't already own. The company said that it will offer AVEVA shareholders £31 per share, which would value AVEVA at around $10.8 billion. That £31 per...
3 on a Wednesday: Altair, Dassault Systèmes, and Trimble all acquire tech tuck-ins
Venture funding may be drying up a bit, and valuations coming down just a little mean acquisition time. Three deals were announced in the last 40 hours or so: Altair announced that it has signed a definitive agreement to acquire RapidMiner for its advanced data...
4 on a Friday: Altair Radioss goes open source; PTC & TechSoft 3D acquire; and thank you, Ma’am
A lot is going on, so let’s get right to it: Altair has made the Radioss solver available via open source as OpenRadioss, available at www.openradioss.org. Radioss simulates impact events, like car crashes and cell phone drops. Altair CEO Jim Scapa says, “OpenRadioss...
ESI momentum may finally be building: H1 revenue up 6%
ESI Group today reported results for the second quarter and half year ending on June 30th. The details, then some comments: Revenue for the first six months of 2022 was €84 million, up 6% as reported and up 4% at constant currencies (cc)License revenue was €74 million...
And one more: Hexagon adds iConstruct
Ever have this feeling? You KNOW you forgot something but have no idea what? Well, here's what I just forgot: Hexagon yesterday announced that it has acquired iConstruct, makers of construction automation solutions used in commercial, infrastructure, and industrial...
4 on a Friday: AspenTech and FARO acquire, Autodesk reports, and OpenFOAM is (still) independent
A lot of things to catch up on before the weekend: AspenTech announced that it will acquire Micromine, maker of (you guessed it) mine design and management solutions for AU$900 million in cash (approximately US$623 million). AspenTech says Micromine "complements...
Super-quick: Schneider Electric may buy the rest of AVEVA
Morning news troll. AVEVA shares up 30% -- why? A tiny bit of surfing tells me that Schneider Electric says it is considering a possible offer to acquire the 41% of outstanding shares in AVEVA that it does not already own. Note: considering, possible ... not by any...
Graphisoft at 40: Looking forward
What do you do when you’re no longer a teenager in a world that prizes newness and chases the next hot thing? If you’re Graphisoft, you celebrate your 40th birthday while simultaneously showing that you’re just as capable as the new kids in bringing your customers the...
Siemens DI software revenue up 14%, again led by EDA
Siemens today reported decent results for its fiscal third quarter even with the stresses in component supply chains and the European energy markets. The part we care most about, Digital Industries, reported revenue of €4.9 billion, up 18% (and up 12% in constant...
Bentley reports solid, “straightforward” Q2
Many signs are positive for AEC companies right now. Public spending on infrastructure is up, there's a renewed interest in oil and gas exploration and extraction, and we seem to have figured out how to do business even with shutdowns and sanctions -- leading AEC...
Altair revenue up 11% in Q2 on strength in CAE
Altair last night announced results for Q2 2022 -- and exceeded expectations in just about all revenue categories. The details: Total Q2 revenue was $133 million, up 11% as reported and up 16% in constant currencies, or ccSoftware product revenue was $117 million, up...
ANSYS Q2 beats expectations, raises annual guidance
Ansys last night reported Q2 GAAP revenue of $474 million, up 6% as reported and up 12% in constant currencies (cc) -- and handily ahead of expectations. The details: Within total revenue, Subscription and lease revenue was $135 million, up 4% (up 12% cc)Perpetual...
AVEVA’s CQ2 revenue down/flat cc but ARR up
AVEVA released one of its quick-and-cryptic investor communications this morning. It said revenue in the June quarter declined at "a mid-single digit rate ... on a constant currency basis" but was "flat on a reported currency basis, supported by the strengthening of...
Hexagon’s Q2 revenue up 6% occ on strong demand across verticals and geos
Hexagon reported results this morning that blew past analyst expectations. Total revenue in Q2 was €1,289 million, up 20% as reported and up 6% on an organic and constant currency basis (occ), beating analyst consensus. Happy investors. By business group, Industrial...
Earnings recaps: Cadence & Dassault Systèmes report solid results and talk acquisitions
Cadence reported results last night and offered more insight into its entry into the life sciences market. First, the results: Q2 revenue was $858 million, up 18%. By end segment: Digital IC revenue grew 14%; Functional Verification grew 13%; IP revenue grew 30%; and...
4 on a Monday: Cadence acquires in bioscience, ESI sells some CFD (NOT OpenFOAM), MuM announces Q2, and Hexagon gets into 80s rock — not really
A quick catch-up on some recent news as we get ready for a bumper crop of earnings this week: Cadence said it would acquire OpenEye Scientific Software, maker of molecular modeling and simulation software used by pharmaceutical and biotech companies, for about $500...
5 on a Monday: Addnode & Sandvik report Q2, Cadence acquires Future Facilities, Matterport adds to its real estate offering & Siemens snaps up ZONA for aero simulation
Yes, a quick catchup blog is unusual on a Monday, but I was traveling last week and am just now digging through the inbox. A lot happened while I was away! We had a couple of early earnings releases, and things seem positive so far, with a slight drag from exiting...
3 on a Friday: Bentley exits Russia, Mastercam holds a contest and the NYT says VC funding mixed
Was it a very long week for you, too? In the US, it started horribly, but it hasn't been great in a lot of places. I hope you and yours are safe and that the sun is shining. Anyway, a few bits to send you into your weekend: Bentley announced that it's withdrawing from...
