Nemetschek expands Build with HCSS acquisition
Nemetschek just announced that it will acquire Heavy Construction Systems Specialists (HCSS) from private equity firm Thoma Bravo. I know you're all asking, who?? HCSS makes specialized software for civil, infrastructure, and utility contractors. They offer solutions...
Evolution continues: Hexagon buys Waygate
Hexagon continues its reinvention — the PPM spin-off, Octave, won't be complete until May, in all likelihood — today announcing the acquisition of Waygate Technologies for $1.45 billion in cash (about €1.24 billion), in a carve-out from Baker Hughes. Waygate had...
PTC’s Strategic Pivot: Back to the Future – and welcome, Velotic
You might recall PTC’s announcement last year regarding the sale of its ThingWorx and Kepware businesses to TPG for $725 million. Last week, the deal officially closed. While the headline figure is large, it’s not all “cash in hand.” After accounting for a potential...
Hexagon and Cadence complete transfer of design & engineering business
Superquick. Blizzard bearing down, may lose power (but warm and cozy so far). Hexagon and Cadence just announced that completion of the sale of Hexagon's Design & Engineering business (D&E) to Cadence, for a total of around €2.7 billion: something like €1.9...
SaaS isn’t going away—even in the age of AI
I get asked this a lot: "Is SaaS dead?" — and, given that all of the PLMish companies in our space sell their software that way, it's a good question. The whole "SaaS is dead" thing apparently started when Microsoft's CEO, Satya Nadella, said something like this:...
“Flow” wars: Autodesk sues Google over product name
Reuters reported yesterday that Autodesk is suing Google for infringing on its "Flow" trademark and marketing competing AI-enabled tools that, like Autodesk's Flow, are used to make movies, TV shows, and video games. In the complaint, Autodesk says it began using the...
Super quick: Siemens adds to EDA portfolio
Siemens just announced that it has acquired Canopus AI, makers of a computational metrology platform for semiconductor manufacturers. [If you Google, note that there are two companies called Canopus AI; Siemens acquired this one: https://www.canopus-ai.com/] Siemens...
PLM earnings check: AI, tariffs, and longer sales cycles
Earnings season kicked off last week. No true PLM heavyweights yet, but enough software and industrial results to start looking at sales and demand trends. And some interesting bits and pieces. Fasten your seatbelts. SAP reported Q4 revenue of €9.68 billion, up 3%...
Autodesk to RIF 7% of staff – most in sales/marketing
In a filing with the US Securities and Exchange Commission today, Autodesk announced that it was restructuring its sales and marketing organization (again, still), which the company expects will “result in the termination of approximately 7% of its workforce, or...
So much news: Synopsys, Bentley, Hexagon & more deals
Hello 2026! Is it too late to wish you a happy, productive new year? I hope not — because I do! Of course, the news continued to flow as December wore on and January began, so let's do a quick catch-up. Just today, Synopsys announced that it had sold its Processor IP...