Autodesk selects first Algor resellers

Autodesk is finally announcing that seven resellers have been selected and are qualified to sell the Algor product line. Before its acquisition by Autodesk, Algor products were available in the US through online and telephone sales and in the Europe, the Middle East...

AVEVA weighing acquisitions and cashback

We’ve been watching AVEVA’s share price climb on the London Stock Exchange and wondered why. The company hasn’t reported financials, no massive new wins have been announced, economic news is looking up but isn’t great… But now we have a clue: According to...

MSC proxy: drama, mystery and 13 suitors

MSC Software has finally filed the proxy statement for its proposed acquisition by Symphony Technology Group – and it makes interesting reading. At the very least, it explains why it took so long to get the proxy to the SEC.First, a proxy statement is a document...

More on ANSYS and MSC Q2 — are we at the bottom of the U? W?

MSC Software and ANSYS filed quarterly reports with the SEC on Friday, so we now have more information about each company’s Q2. Recall that MSC didn’t hold a conference call for analysts because of the pending acquisition by Symphony Technology Group; ANSYS did hold a...

MSC revenue down 19%, reports net loss

MSC Software reported results tonight and has announced that it will not hold the earnings call previously scheduled for tomorrow afternoon because of its expected acquisition by Symphony Technology Group.For the second quarter, total revenue was $51.7 million, down...

Negotiating maintenance

Bank of America/Merrill Lynch last week published results of a survey of 20 CIOs, highlighting that IT spending is still expected to decline in 2009, just not as steeply as earlier predicted. ML asks CIOs to comment on their spending priorities, budget shifts into and...

Is the MSC deal a good one?

I don’t usually weigh in on this sort of question — especially since we don’t have the proxy material that details the Board’s decision criteria in selling the company to Symphony Technology Group — but there is so much flying around out there that I’ll...

MSC to be acquired by Symphony Tech Group and Elliott Assoc

As we’ve been wondering for a while: MSC today announced that Symphony Technology Group would be paying shareholders approximately $360 million in cash for the company, a 13% premium to yesterday’s closing share price of $6.75, with financing provided in part by...

ESI reports currency helped license growth in April quarter

ESI Group reported preliminary results for the quarter ended April 30 that included surprising news: license revenue was up 3% as reported, helped by favorable exchange rates. Update:On a constant currency organic basis, license revenue dropped 6.3% in the period.The...

Catching Up: Bentley, Intergraph, PTC, Siemens and COFES

I may be quite busy and on travel, but the engineering software world rolls on. A couple of interesting tidbits:- According to Greg Bentley, CEO of Bentley Systems, engineering software provides significant return on investment by improving standards of living through...