Sandvik building CAM powerhouse by acquisition
Last year Sandvik acquired CGTech, makers of Vericut. I, like many people, thought “well, that’s interesting” and moved on. Then in July, Sandvik announced it was snapping up the holding company for Cimatron, GibbsCAM (both acquired by Battery Ventures from 3D...
Missed it: Sandvik also acquiring GibbsCAM, Cimatron & SigmaNEST
I missed this last month -- Sandvik also acquired Cambrio, which is the combined brand for what we might know better as GibbsCAM (milling, turning), Cimatron (mold and die), and SigmaNEST (nesting, obvs). These three were spun out of 3D Systems last year, acquired by...
Mastercam will be independent no more
CNC Software and its Mastercam have been a mainstay among CAM providers for decades, marketing its solutions as independent, focused on the workgroup and individual. That is about to change: Sandvik, which bought CGTech late last year, has announced that it will...
Bentley saw a rebound in infrastructure in Q2 but is cautious about China
Bentley continues to grow its deep expertise in various AEC disciplines — most recently, expanding its focus in underground resource mapping and analysis. This diversity serves it well; read on. In Q2, Total revenue was $223 million, up 21% as reported. Seequent...
AspenTech is cautious about F2022, citing end-market uncertainty
We still have to hear from Autodesk, but there’s been a lot of AECish earnings news over the last few weeks. This post starts a modest series as we try to catch up on those results. AspenTech reported results for its fiscal fourth quarter, 2021 last week. Total...
More consolidation: Desktop Metal to acquire ExOne
Just off the newswire: Desktop Metal, a publicly-traded company, will acquire ExOne, also public, in a deal valued at $575 million. Each ExOne shareholder will get $8.50 in cash and $17 in Desktop Metal stock for each ExOne share, which implies a 48% premium to the...
Altair adds S-FRAME for AEC structural designers
Super-quick, because it's that kind of day: Altair just announced that it has acquired S-FRAME Software, a structural analysis tool used by architects, engineers, and designers to evaluate a structure's ability to withstand loads like wind, water, and snow, and meet...
Altair beats Q2 forecasts and raises 2021 guidance
Altair reported results last week -- and like others in our PLMish universe, they were better than expected. The details: Total revenue in Q2 was $120 million, up 22% and $8 million ahead of expectations. Altair doesn't do the constant currency thing for all of its...
Ansys has a great Q2 and expects the momentum to continue
Ansys reported pretty awesome Q2 results last night, and this morning on its earnings call, said that growth was due to three things: increased optimism among its customers that end-market demand will come back post-pandemic, its own efforts to stay close to those...
Quickie: Bentley acquires Imago for image management
That's a simplified headline -- what Imago really does is enable users to catalog and review drilling core and chip (in other words, rock sample) images. A key point in the acquisition: Imago’s machine learning technology that "will lead to a step function in the...