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...
Nemetschek invests in 4th startup in 14 months
The Nemetschek Group announced that it has invested in SymTerra, a UK startup working on a construction site communications platform. Nemetschek says SymTerra’s communication platform “allows easy, instant, and intuitive communication across multiple...
5 on a Friday: celebrations, acquisitions, investments & charges
Before anything else: Canadians, happy Canada Day! Americans, get that barbecue ready and have a great 4th of July! Everybody else, have a restful weekend - or join us. We'll put a vegan hot dog on the grill for you. On to the news: First off, Altair confirmed that...
Quickie: Altair expands electronic system offering by acquiring Concept Engineering
Altair just announced that it has acquired Concept Engineering, maker of schematic generation tools, electronic circuit and wire harness visualization platforms, and electronic design debugging tools. The visualization and debug technology is available as a standalone...
Altair acquires Univ of Bath startup for additive manufacturing
Altair just announced that it has acquired Gen3D, a "startup out of the University of Bath, U.K". I wasn't aware that Gen3D but Altair characterizes the company as "implementing the implicit geometry method for describing highly complex geometries such as lattice...
2 on a Friday: Chaos buys into archviz and Modelon announces Q1 results
The beginning of the week featured Memorial Day here in the US and the week ends with the Jubilee of the Queen of England. The combo seems to have created a slow news week -- but here are two interesting things to know about: First off, Chaos, the company that makes...
Autodesk’s Q1 beats expectations, sets up for strong fiscal 2023
You know me: cynical. When I saw that Autodesk had scheduled its earnings release for the Thursday before Memorial Day weekend, in a year that's reputed to be "revenge vacation"-heavy, I expected bad news. After all, if it's good news, you want people paying...
Sandvik lays out CAM ambitions
I am seriously behind on posting earnings writeups but for now, know that most companies reported good results for the March quarter and that our corner of the IT vendor space has little exposure to Russia and Belarus, so won't see a significant revenue decline due to...
Digital transformation? Let’s talk.
I was at Autodesk’s Accelerate conference in New Orleans earlier this week. Many great speakers talked about how they are adapting to the realities they find themselves in—demanding customers, changing supply chains, squeezed timelines — and, oh, the complexities of...
MakerBot and Ultimaker to merge, secure $60 million investment
Remember when we were all going to have 3D printers at home, making replacement knobs for our stoves, printing toys for kids, and doodads for our offices? Not so much. That never took off for many reasons (cost, where do we get those printing instructions?, fumes ...)...
Quickie: Ansys acquires MDL & its Motor-CAD
Ansys just announced that it has acquired Motor Design Limited (MDL) Motor-CAD to "strengthen Ansys' Electronics portfolio, enabling customers to design more efficient electric machines and apply them to more applications". The companies had been distribution partners...
PTC closes Codebeamer deal, reports solid FQ2
PTC just announced that it has closed its acquisition of Intland Software and its Codebeamer. And that reminds me that I never did publish a note on PTC's earnings last week -- which were very positive. First, Codebeamer, then earnings. PTC says today that Codebeamer...
Quickie: DS Q1 revenue up 13%, ups year to 10% to 11% growth
Dassault Systèmes announced Q1 results this morning -- they were very, very good, and caused the company to raise its targets for the full fiscal year. More when there's time, but here ar the Total revenue in Q1 was up 13% as reported (up 8% in constant currencies) to...
AVEVA has big Q4 but subs transition to slow F23 before picking up steam
AVEVA today gave a more extensive-than-usual financial update on fiscal 2022, the year ended March 31. We'll get the full earnings release in early June, but the company disclosed today that overall revenue was up 7% in fiscal 2022, with Q4 revenue up 18% in Q4 due to...
Cadence still very happy with CAE offerings
Last night Cadence announced results for the first fiscal quarter of 2022; you can read about them in much more detail here -- they were overall very good and the company increased just about all forecasts for 2022. I'm most interested in hearing the company's...
Quickie: SAP Q1 revenue up but so are costs related to Russia and Ukraine
Last week, Sandvik and Mensch und Maschine said that the effects of the war in Ukraine hadn't really amounted to much as of March 30 -- makes sense, since that was the first month of conflict, with sanctions just put into place. SAP's earnings release on Friday...
MuM says Q1 was strongest in its history
That's a heck of a headline, no? Mensch und Maschine Software reported Q1 results this week that add some details to the head: Q1 revenue was up 18% year/year to EUR 85.41 million, surpassing the previous high of EUR 78.63 million from Q1/2020. Looks like the industry...
Sandvik starts PLMish earnings season and things look good
Sandvik, the Swedish company that has been snapping up CAM vendors, announced first quarter results today: Revenue in Q1 was SEK 24,921 million (about $2.6 billion at today's exchange rate), up 35% as reported and up 27% in constant currencies (cc) (meaning, excluding...
Quickie: PTC adds to codeBeamer to its ALM offer
PTC just announced that it is acquiring Intland Software, maker of codeBeamer Application Lifecycle Management (ALM), for roughly $280 million. PTC says codeBeamer is a "flexible and modern, easy-to-use interface. codeBeamer provides customers with requirements-,...
