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,...
Altair acquires Flow Simulator & Autodesk acquires Innovyze
Goodness. Not even 7:30AM here on the US East Coast and the news is flying fast. Autodesk just announced it will acquire Innovyze, a leader in "water infrastructure software", for $1 billion (net of cash subject to working capital and tax closing adjustments). Why?...
Hexagon’s 2020 showed sequential improvement — should continue in 2021
Continuing the earnings catchup, today we tune into Hexagon, the parent company of brands such as MSC Software, Leica, and PPM (fka Intergraph PPM). In all, 2020 was a mixed year for the company, which sells quite a bit of hardware into manufacturing and other...
DS’s needle moved in 2020, mostly in life sciences — and SolidWorks is a billion-dollar brand!
Earlier this month, Dassault Systèmes (DS) reported results for its fourth quarter and, therefore, the full year of 2020. First a quick recap, then a bit about what it all might mean, and then some reflections on this month's 3DExperience World (aka SolidWorks World)...
5 on a Friday: Rescale, Lectra+Gerber, Hexagon’s R-evolution, C3D Labs’ 2020 results, and SAP’s no-code acquisition
It's been a week. Let's wrap it up with a few newsy tidbits that didn't make it into full blog posts. Rescale, the hybrid HPC cloud platform for simulation closed $50m in Series C funding --announced last week, not sure when it happened -- from investors including...
Why so many CADs? And can I switch between them?
I am often asked, especially by people who are new to the CAD world, what the differences are between all of the CAD tools on the market. What's the best? And what happens if I don't like the product I started with -- can I switch? There are no easy answers --to any...
Schneider Electric reports Q4, talks AVEVA
Schneider Electric reported Q4 results today -- you can see them in full here -- that also touched on how important AVEVA is to the overall product menu. A couple of nuggets from the press release and investor call presentation: Schneider Electric's fiscal 2020...