Autodesk: everything is fine; nothing to see here
A quick update since so many of you have asked: On Friday, Autodesk said it had concluded its investigation into free cash flow and operating margin calculations and that there would be no restatement or adjustment of any previously released financial statements. In...
So much news: acquisitions, divestitures, non-deals and an appreciation
Last week, I was in the Cotswolds in England. It was gorgeous; I’ll tell you more about it some other time — but, oh my goodness, the PLMish world kept going! Yes, there’s lots of earnings news, much of which isn’t the most upbeat, but we also have other things to...
Even Siemens’ hardware is going software
Last month, I spent a few days with Siemens at its Karlsruhe facility, home to the Process Automation division (as well as a canteen, manufacturing plant, and I don’t know what else—it’s a massive complex where thousands of people work). Here’s what I learned during...
Bentley goes Blyncsy for AI
(Sorry - I’m truly terrible at headlines.) Do you remember // did you listen to Bentley’s Q4 earnings call? CEO Greg Bentley was very excited about the potential of the company’s asset analytics offerings, specifically its 2023 acquisition of Blyncsy. You may remember...
Q4 earnings wrap: Altair, Ansys, Autodesk, Bentley, Hexagon, PTC, Siemens DI Software — and what I want to know about Q1
The earnings news cycle is about to kick off again, and I owe you a recap of what we learned about the December quarter. I always start these earnings seasons with high hopes and a plan to get out timely recaps … and every quarter, something derails me. So let’s recap...
Catchup: Bentley gets a new CEO, Francisco acquires Jama, JDM buys Penta and STRUXI, Stratasys snaps up Arevo’s IP, Synopsys+Ansys still a go
Happy Spring! While you've been out gathering daffodils (not us - we had snow last weekend here in New England), the PLMish world has kept up a steady stream of news. In no particular order, Bentley Systems announced that Nicholas Cumins will become CEO as of 1 July...
Quickies: Mensch und Maschine on digital twins for machining — and have pie for Pi Day
Last month, at the start of earnings season in our PLMish world, Germany's Mensch und Maschine (MuM) released preliminary figures for 2023 that showed solid business execution, even as Autodesk fiddles with its pricing and changes how buyers will work with it and its...
Cadence to buy BETA CAE for $1.24 billion
Wow. Cadence just announced that it is buying all of the shares of BETA CAE Systems for --hold on-- $1.24 billion in a cash (60%) and Cadence common stock (40%) deal. That's a lot of money (IMHO, even for a terrific asset like BETA) - why is Cadence doing this?...
Sandvik to acquire Cimquest, the CAM & 3DP reseller
We interrupt space and earnings news to tell you about another acquisition: Sandvik has announced that it will acquire Cimquest, the largest Mastercam reseller. (Remember that Sandvik acquired CNC Software, the maker of Mastercam, in 2021.) In the press release,...
“Welcome to the Moon”
Yesterday was SUCH a strange day. It started normally enough for a Thursday during earnings season: try to catch up on the earnings released the evening before — while answering emails about them and other recent doings. Oh, and all of the non-earning stuff, too. I...