Tech Soft acquires Ceetron for CAE visualization
Now this is interesting. Just into the inbox: Tech Soft 3D, the leading provider of engineering software development toolkits, today announces that it has acquired Ceetron AS, experts in developing 3D visualization technology for the computer-aided engineering (CAE)...
Bentley’s Year in Infrastructure dives deep into digital twins
Depending on whom you're speaking with, digital twins are either unfathomably complex and therefore out of reach, self-serving vendor-babble, or a really useful way of thinking about assets and technology. I'm hosting a series of panels on digital plants at Bentley...
AVEVA reports H1 revenue down 12% cc
I thought we weren't going to get an update on AVEVA earnings until Schneider Electric reports Q3 results -- but, no, it came sooner. Yesterday, AVEVA said that revenue for its April to September half-year would be around £333 million, down 15% as reported (12% in...
Altair acquires M-Base for plastics
Altair just announced that is has acquired M-Base Engineering + Software GmbH, supplier of the Material Data Center materials database and material information system, targeted at the makers and users of plastics. Altair says this addition will "allow Altair to offer...
An appreciation: SolidWorks’ Vic Leventhal
My social feeds lit up this weekend with the sad news that Vic Leventhal has died. If you use Solidworks, think of Vic. If you work for or rely on a CAD reseller, think of Vic. If you've ever built a PLMish sales channel -- Vic was the guy who paved the way. Obvs, Jon...
BSY rings the Nasdaq bell last week
I had promised you a photo of Bentleys ringing the opening bell at the Nasdaq, but can go one better -- a video! https://www.youtube.com/watch?v=hf4Kk-k0iOQ&ab_channel=BentleySystems%2CInc. The first 3:30 minutes or so are of the big LED pilar billboard in Times...
Bentley’s IPO. Done. Finally.
Bentley shares started trading under the BSY symbol at around 11:15 on Wednesday. Someone told me that the bookmaker, the brokerage firm that handles trading of the shares, had to determine the opening price, which I thought would be the price Bentley set last night,...
PTC acquires ioxp for cognitive AR
I saw this on Ralf Steck's blog just now and verified it on PTC Germany's website: PTC has acquired German start-up ioxp to for its cognitive AR and AI technologies. Ralf says that ioxp is a spin-off of the German Research Center for Artificial Intelligence (DFKI) and...
Quickie: Bentley IPO now at $22/share
I am no expert at IPOs but this seems unusual to me: Bentley's offering had originally set a price range of $17 to $19 per share, then yesterday that range was upped to $19 to $21 -- and then last night, it was again raised, to $22/share. That means the selling...
Quickie: Bentley raises price in IPO
How interesting: Bentley just filed with the SEC to raise its price per share from $17 to $19, to $19 to $21 -- that ups the value of the shares being sold to a max of $259,580,811. Why raise the offering price? Typically, it's because there's more demand for the...