Acquisition mania

I’ve been working on a mid-year update of my market numbers for CAE (which show better than expected growth to date in 2011) and am stunned by the rapid pace of acquisitions we’ve seen this year. It’s one thing to note them as they happen, but when...

News you may have missed, 16 Sept

The industry’s acquisition binge continues, with news of a new deal just about every week: Bentley invests in TEEC Bentley Systems announced yesterday that the company has taken a minority equity stake in The Engineering Essentials Company (TEEC) and placed a person...

ESI: CAE Virtual Reality

ESI Group reported today that revenue for the second quarter was up 11% to €19 million, on license revenue growth of 12%. CEO Alain de Rouvray said, “The second quarter saw an acceleration in the growth of our activity, particularly in Europe. Over the first half, the...

MuM sells distribution business

Mensch und Maschine Software (MuM) just announced that it had sold off its software distribution business to the Tech Data Group for around €25 million, about 2/3 of which which will be paid in at closing and the other 1/3 to be paid out depending on business...

MSC acquires FFT, Actran

MSC Software today announced that it has acquired the Belgian company Free Field Technologies (FFT), a provider of acoustics and NVH simulation software for the automotive, aerospace and other industries. MSC’s press release says that “bringing FFT together with MSC’s...

What you might have missed, 1 Sept

A lot happened while I was on vacation, and I’m still trying to catch up. A couple more headline-y bits from the overflowing inbox:Spaceclaim 2011+Spaceclaim last week announced the 2011+ release of its eponymous software. This release has a heavy focus on building...

What you might have missed, 23 August

So I went on vacation last week. And the world of engineering software kept going, perhaps even ramped up a bit even though I wasn’t around to pay attention. Here are a few of the news bits I found most compelling from my time away:SGI acquires OpenCFDLast week SGI...

News roundup for August 12

Last week’s earnings fever has died down, but there were still a couple of items of note this week when much of the northern hemisphere is on vacation: CENIT CENIT reported this week that it saw “increased demand … especially from the manufacturing industry and...

Trimble and Hexagon – mixed picture

It was a very busy week of earnings and economic news as global markets tried to figure out how the budget situation in the US would play out. In general, though their share prices were dragged down by larger economic news, engineering software company reports were...

ANSYS Q2 makes investors smile

ANSYS today announced results for Q2 and outlook for the rest of the year that sent shares up by over 5% in early trading on the NASDAQ and finally answering some questions about its Apache acquisition. ANSYS reported revenue for the second quarter of 2011, up 18% to...