Hexagon to acquire CADLM for AI-powered CAE
Hexagon announced that it will acquire CADLM SAS, a "pioneer in powering computer-aided engineering (CAE) with artificial intelligence (AI) and machine learning to revolutionise the impact of simulation in product development processes and lifecycles". CADLM's ODYSSEE...
Super quick: Bentley snaps up another Maximo reseller
You may remember that Bentley acquired The Cohesive Companies IBM Maximo's largest North American reseller, last summer. Well, Cohesive has just acquired Ontracks Consulting, which Bentley says is "a leading implementer of IBM Maximo headquartered in Edmonton,...
3 on a Monday: VELO3D to go public via SPAC, Nemetschek talks subs transition, the Suez Canal is back in business
Wait - it's Monday, not Friday! Yes, that's unfortunately true. Technical issues last week kept us from posting. Things seem to be working well now, but please let us know via the contact form on the About Us page if something is misbehaving. These SPACs are starting...
4 on a Friday: AVEVA+OSIsoft a done deal, MuM’s 2020 leads to optimism, Unity acquires for AEC, Ansoft’s Csendes elected to NAE
What a week! Here are a few more things to know before kicking back for the weekend: On Friday, AVEVA said that it completed its acquisition of OSIsoft. All that's left now is to issue 13,655,570 million shares to Estudillo Holdings, "a company majority owned by Dr....
Wrapping up 2020 earnings with Ansys, Autodesk, and Bentley
I have been trying to get to writing long-form pieces about how 2020 ended for Ansys, Autodesk, and Bentley ever since the companies reported but it’s been crazybusy. We’re nearing the end of March, which means companies will start their earnings cycles all over again...
4 on a Friday: More on Bentley+Seequent, Markforged to go public, US infrastructure grade upped from D to C+, and Renishaw is for sale
Time for a recap of the week, news bits I don't have time to write about in more detail. Let's start with Bentley. Late yesterday, Bentley announced that it would be acquiring Seequent, maker of solutions for modeling the earth deep below the surface; I wrote about it...
Bentley acquires Seequent for ~$1.05 Billion
Bentley just announced that it was acquiring Seequent, a "leader in software for geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration". I need to learn more, but Bentley says "Seequent...
Altair reports strong Q4, cautiously optimistic about 2021
Last week, Altair announced results for Q4 that closed 2020 on a high note, beating revenue guidance by a lot, and setting up a solid 2021. The details: Total revenue in Q4 was $133.4 million, up 8% as reported (up 5% in constant currencies, cc)Software product...
Bentley builds construction portfolio with E7
A couple of days ago, amid all of the earnings reports (and ahead of its own, on Tuesday), Bentley Systems announced that it has acquired E7, an Australia-based maker of project delivery software for heavy civil construction. E7's platform includes mobile and web apps...
4 on a Friday: DS invests in AVSimulation, Newforma acquires, more on Cadence+Numeca, Siemens’ MindSphere on Red Hat OpenShift
It's been another busy week of earnings and other PLMish news. Here are some bits and pieces I didn't have the time to write about more fully: Dassault Systèmes invested €10 million for a 15% stake in AVSimulation, joining Oktal Sydac and Renault which own,...