Hexagon adds Romax for electric drivetrain MBSE
Hexagon just announced that it will acquire Romax Technology Limited, maker of the Romax Nexus suite of solutions for concept design, durability, NVH and other simulations for electromechanical drivetrain design and simulation. Nexus is a cloud-enabled model-based...
Schneider Electric reports 2019 revenue up 6%, growing focus on digital offerings
Schneider Electric is a massively complicated company, making everything from home energy management solutions to software to operate production facilities. And, as we saw last week, looking to get into building construction with its proposed acquisition of RIB...
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...