Nemetschek says 2016 growth to be WAY ahead of targets
Another preannouncement -- this time, an unambiguously good one from Nemetschek. The company said that it expects fiscal 2016 revenue to be right around €340 million, with would be growth of 18% to 20%. Why? Nemetschek doesn’t give details other than to say that it is...
Autodesk transfers utility-industry products to SBS
Autodesk and Spatial Business Systems (SBS) announced yesterday that further development of Autodesk's utility industry products is being moved to SBS. This news affects users of the Autodesk Substation Design for Inventor, Autodesk Substation Design for Electrical,...
PTC says Q4 revenue will be low because of … subs
PTC just announced preliminary results for Q4 of fiscal 2016 (ended last week) that show bookings will be well ahead of plan but revenue lower than expected. Blame math: more buyers chose subscriptions than perpetuals, which means revenue will be below expectations --...
Big news: Siemens PLM CEO Chuck Grindstaff moving up
Siemens PLM just told me that Chuck Grindstaff is moving up, taking on a new role as Executive Chairman of Siemens PLM Software; current EVP of Global Sales, Marketing and Service, Tony Hemmelgarn, will take over as CEO on October 1. I'm a bit gobsmacked but this...
Autodesk Accelerate highlights the Fusion of CAx, PLM, CPQ & IoT
It's always fascinating to watch a product come to life. What problems does its creator think it solves? How do early adopter customers actually use it? What kind of partner ecosystem grows up around it? Autodesk's PLM 360 (yes, I know that's not what we're calling it...
Siemens unleashes the potential of 3D printing
Ahh, Fall! Here in the Northern hemisphere, a time of cooler temperatures, changing foliage and ... PLMish conferences. Analyst events, user conferences, product launches -- it's a busy time in our little world. In order to keep up with it all, I'm switching it up a...
Altair revs its rendering engine
Altair announced today that it has acquired Solid Iris Technologies, maker of the Thea Render photorealistic rendering engine that's already in use in Altair's solidThinking Evolve concept design solution. Thea Render results are gorgeous --check out the gallery,...
Quickie: GE all in on 3D printing
General Electric, the global megacorp that includes aircraft engines in its huge manufacturing portfolio, announced today that it is acquiring two European 3D printing companies for a total of $1.4 billion, making ever more real its vision to supply more complex...
Big changes coming at ANSYS
ANSYS just announced that longtime CEO Jim Cashman will be stepping aside as CEO but will remain with ANSYS as Chairman of the Board of Directors. Taking the CEO reins will be Dr. Ajei Gopal, who has been a member of ANSYS' Board since 2011. Dr. Gopal became President...
Quickies: Acquisitions continue in the PLMish world
Just because you're lying on a beach, don't assume everyone is. We've had a couple of acquisition announcements come across the transom in the last week, and they're noteworthy. SofTech continues its shift in focus away from PLM. You may have known Softech for CADRA...