Lectra to buy Gerber Technologies
This is big: Lectra has announced that it plans to acquire Gerber Technology for "an upfront payment of 175 million euros – through a combination of cash and debt – plus 5 million newly issued Lectra shares to ... Gerber Technology’s sole shareholder". As I understand...
Siemens’ FQ1 saw solid contributions from EDA, Mendix but also PLM caution
Last week was a busy earnings week and we're going to spend some time this week trying to catch up. First off, Siemens announced that its fiscal first-quarter (ended in December) revenue rose 3% to €14 billion, with growth across all four industrial businesses and in...
Nemetschek closed out 2020 with “very positive” Q4
Nemetschek released preliminary results for Q4 this morning and said that it "closed the fiscal year with a very positive fourth quarter" that enabled it to meet its raised annual target for revenue in 2020. More details to come on March 23, but: Total revenue for the...
5 on a Friday: Physna secures investment, AVEVA extends OSI timeline, SAP, AspenTech, and 3D printed organs
A busy, busy week. Here, a quick roundup of what I found interesting this week: Physna closed a $20 million Series B funding round led by Sequoia Capital. Physna uses artificial intelligence (AI) and 3D examination to codify 3D models to create 3D search solutions....
PTC blew past forecasts in FQ1, raises guidance for year
PTC reported results for its fiscal first quarter of 2021, ended December 31, 2020, last night -- and they were pretty darned good. Before we get too excited, though, it's important to note that accounting treatments created some of the better-than-expected growth....
Mostly OT: 5 on a Friday
I can't remember the last time I did one of these --and perhaps they are totally not cool anymore, but then, neither am I. Here are 5 things that defined my week, including a couple of PLMish bits at the end: 1. The Inauguration, no surprise, was a big part of the...
Cadence to acquire NUMECA
And the consolidation continues. Cadence announced this morning that it will acquire NUMECA, maker of the OMNIS CAE framework (though you probably know it for its FINE/Design3D optimization solution and its FINE/Marine virtual towing tank/CFD naval architecture tools...
Totally OT: Honoring MLK
I wrote the piece below in 2014 and can't believe how much has happened since then -- and, but, how little progress we've made in making the world a more equal place. Dr. King's message was simple: all people are created equal and it's our actions that make them...
Maybe the end to fiscal 2020 wasn’t so bad — SAP and AVEVA update
First things first: the lack of financial news in the PLMish world is encouraging. If the December quarter (meaning October+November+December) had been far below expectations, we would have heard from companies issuing earnings pre-announcements. There's only been one...
3D Systems completes sale of Cimatron and GibbsCAM – and totally OT thoughts on what happened at the US Capitol
3D Systems announced today that it completed the sale of Cimatron and GibbsCAM to "a subsidiary of ST Acquisition Co., an affiliate of Battery Ventures" on January 1, 2021. 3D Systems said it netted around $64 million in the sale, part of which it used to pay down...
CGTech, Vericut now part of Sandvik
I hope you had the opportunity to unwind and relax as 2020 came to a close. Let's hope 2021 is a much kinder year! To start off the new year, a quick update: While we were pondering New Year's Eve cocktails, Sandvik announced that it completed its acquisition of...
From our bubble to yours …
There's no doubt: 2020 was hard. We made it this far, though, and look forward to meeting up with you in person in a 2021 that's better in every way!
Will PTC+Arena = SaaS dominance in PLM? Maybe
A lot of you have been in touch to talk about PTC's announced acquisition of Arena Solutions. Why do this deal? What's in it for PTC, Arena, and for their customers? What happens to Arena's PLM where it overlaps with PTC's Windchill, and vice versa? When will there be...
Hexagon adds OxBlue visual AI to AEC offerings
Hexagon just announced that it is acquiring OxBlue, a maker of high-definition, time-lapse photography, and live video streaming services, that are used in construction to capture and document progress. OxBlue, says Hexagon, takes this one step further, by adding in...
Super quick: PTC to acquire Arena for SaaS PLM
Continuing that momentum into all things cloud and SaaS, PTC says it's signed a definitive agreement to acquire Arena Solutions for $715 million in cash, "enabling the company to deliver a complete CAD + PLM SaaS solution". PTC's CEO Jim Heppelmann said in prepared...
Nemetschek adds DEXMA to its Build & Operate portfolio
Nemetschek today announced that its Spacewell subsidiary has acquired DEXMA, a provider of energy management solutions. The DEXMA Platform consists of integrations to more than 200 hardware sensors, gateways, SCADAS, BMSs and other data inputs (DEXMA Detect), which...
AspenTech acquires OptiPlant for early-stage, AI-enabled design
AspenTech just announced that it is acquiring OptiPlant, which you may know of for its automatic pipe routing -- but the company also offers additional tools to explore and select appropriate options early in the plant design process. AspenTech says, “this acquisition...
AEC shows resilience & growth — recap of Autodesk, AVEVA, Bentley & Nemetschek’s earnings
Autodesk, AVEVA, Bentley, and Nemetschek reported results for their most recent financial quarter over the last few weeks and it’s time to catch up. First, a quick recap of the individual results, then what investment analysts call a read-across — what it means in a...
We’re back!
We think. As far as we know. It's been a rocky couple of days, Internet-wise. We tried to speed up schnitgercorp.com but managed to create conflicts with some of our ISP's mechanisms. We probably could have figured it out ... but, in the end, it just wasn't worth it...
We messed up – but we’re fixing it!
We're sorry if you've had trouble over the last couple of days with the www.schnitgercorp.com website or emailing us -- we tried to make the site better and faster and clearly made it much, much worse. We've nosed out the issues and the website is back up; email is...
