
Bentley’s Q1 revenue up 14%, cites SMB progress
Bentley reported results way back on May 11 but I haven't had time to finish a deeper analysis -- so here's a quick piece on those results and a little bit on what it all means. Even more quickly: Bentley's off to a great start for 2021. Some details: Bentley reported...

Procore finally IPOs; valued at $8.5 billion
No doubt about it: the market for makers of IT solutions targeted at the construction industry is HOT. Procore finally completed its initial public offering yesterday, raising $635 million by selling 9.5 million shares at $67 per share on the New York Stock Exchange....

Siemens to acquire Supplyframe for EDA supply chain, broader digital marketplace
I just noticed that Siemens today announced that it will acquire Supplyframe for $700 million, in a deal that is expected to close sometime before the end of September 2021. I am not familiar with Supplyframe so have asked for more information but here's what the...

Ansys acquires Phoenix Integration & its ModelCenter
Ansys just announced that it has acquired Phoenix Integration, maker of ModelCenter, a tool used by many who apply the principles of model-based engineering (MBE) and model-based systems engineering (MBSE). The point of MBE/MBSE is to automate engineering processes...

4 on a Wednesday: AspenTech mulls partial sale; Siemens, 3D Systems, and Procore acquire (not each other)
There's so much going on that it's time for a mid-week news roundup: You saw that Autodesk completed its Upchain acquisition, so we won't cover that again. But there's much more to go over: Earlier today, Bloomberg reported that Aspen Tech is exploring its strategic...

Quickie: Autodesk completes Upchain acquisition
Autodesk just announced that its acquisition of Upchain is a done deal. Many of you have asked about Autodesk's plans for integration of Upchain and Fusion 360 / Vault / Forge -- and we should start seeing more information, now that the teams can actually start work....

Nemetschek starts strong, Q1 revenue up 12%cc
The Nemetschek Group recently reported Q1 results that point to a recovery in AEC -- and bodes well for Bentley tomorrow and Autodesk later in the month. The details: Total Q1 revenue was up 8% (up 12% in constant currencies, cc) to €158 millionSoftware revenue €55...

Siemens reports software revenue up 5% on demand for EDA & Mendix — improved outlook for PLM
Siemens reported results on Friday that were, overall, decent. Siemens AG reported total revenue in FQ2 of €14.7 billion, up 8% (and up 9% in constant currencies, cc). As usual, not much detail was given about the PLMish part we focus on, but here are some overall...

Altair has a great Q1 on the convergence of CAE, HPC & AI
Altair CEO Jim Scapa started off the company's Q1 earnings call by saying that their vision of the "convergence of simulation, HPC [high-performance computing] and AI [artificial intelligence] driving enterprise decisions is emerging as a clear imperative embraced by...

Ansys has a solid Q1 but ACV concerns drag down the stock price
Ansys reported Q1 results yesterday that were both good and not-so good --are you seeing a pattern here? PTC and ESI also reported mixed news, with positive Q1 results tamped down by uncertainty around the rest of 2021. First, the details: Ansys reported Q1 GAAP total...