Tech Soft 3D secures backing from Battery Ventures
Investor interest in out little PLMish world remains strong. Tech Soft 3D yesterday announced that it has closed a "significant" investment from Battery Ventures and that Battery General Partner Morad Elhafed and Vice President Satoshi Harris-Koizumi will join the...
AVEVA says Q4 pipeline solid
AVEVA says Q4 pipeline "solid"Schneider Electric reported results today which mean that AVEVA also released a teeny earnings announcement. More on Schneider Electric later; AVEVA said it had seen revenue growth in the "high single-digits" on an organic, constant...
Bentley maybe inching towards an IPO again?!
Bentley issued a terse press release yesterday, saying in its entirety EXTON, Pa., U.S.A. – February 13, 2020 – Bentley Systems, Incorporated today announced that it has confidentially submitted a draft registration statement on form S-1 with the Securities and...
ESI reports revenue up 8% in 2019
ESI reported results yesterday for the 12 months ended 31 December 2019 and for the 11 months from 1 February 2019 to 31 December 2019. Since ESI is shifting its financial year to reflect the calendar, we'll just focus on the 12 month pro forma results. As a side...
Schneider Electric gets into construction, buys RIB
How interesting: Schneider Electric just announced that it is buying RIB Software, the German maker of cloud and desktop solutions for AEC/construction projects, for €1.4 billion (a 6.5x revenue multiple). Why? According to Schneider Electric Chairman and CEO,...
MuM’s prelim results for 2019 show organic revenue up 25%
Mensch und Maschine, Autodesk's largest European reseller and a software company in its own right, announced preliminary results for 2019 today. MuM said that it saw 25% organic revenue growth; add that to the revenue it recognized from SOFiSTiK, and we get to total...
Dassault Systèmes pivots further to life sciences but industrial still dominates revenue
Dassault Systèmes announced results this morning that are generally seen as a bit "light", meaning below analyst consensus even though they were at the top end of the company's own guidance. No acquisitions were announced, but there is a pretty major move on the...
Koch Equity buys rest of Infor
It's not as though this is a slow news week ... here's one more, super quick: Infor, the ERP vendor, is being acquired by Koch Equity Development LLC, the investment subsidiary of Koch Industries, the huge conglomerate founded by Charles and David Koch. Koch...
Hexagon puts 2019 in the rearview, cautiously optimistic about 2020
Hexagon is such a diverse company these days that it's hard to draw a simple set of conclusions from its earnings reports. After all, it operates in the process industries with the former Intergraph PPM, in a fledgling BIM way with Bricscad -- but also in mechanical...
Nemetschek reports revenue up 21% in 2019
It's a big day for PLMish earnings, with Siemens, Hexagon and Nemetschek all announcing results for the year ending quarter, so let's get right to it. Nemetschek issued preliminary results which include only big-picture numbers -- and they're pretty amazing: Total...