MSC revenue down 19%, reports net loss

Aug 4, 2009 | Hot Topics

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

Jul 21, 2009 | Hot Topics

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?

Jul 14, 2009 | Hot Topics

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

Jul 8, 2009 | Hot Topics

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

Jun 11, 2009 | Hot Topics

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

Jun 9, 2009 | Hot Topics

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...

Surprise! Oracle buys Sun

Apr 20, 2009 | Hot Topics

It hit the wires this morning: Oracle has agreed to pay $9.50 a share for Sun, a transactionthe companies have valued at $5.6 billion, excluding Sun’s cash and debt. The deal givesOracle the ability to sell hardware as well as its database technology — and...

Take-aways from Autodesk Investor Day

Apr 6, 2009 | Hot Topics

I was unable to listen to the entire day, but found the following particularly interesting:- Autodesk is trying to help its channel partners make it to the other end of the recession, inpart by reducing the inventory they have to hold in order to remain authorized....

AVEVA acquires instrumentation product IDO

Mar 31, 2009 | Hot Topics

AVEVA has announced the acquisition of iDesignOffice Pty Ltd, the Australian creator ofInstrumentation Design Office (IDO). IDO is a set of applications for creating and maintaininginstrumentation engineering data for process plants. IDO will be renamed...

ESI Group reports steep drop-off in Q4

Mar 10, 2009 | Hot Topics

ESI Group today reported revenue growth of 2% to EU70.2 million for the fiscal year endedJanuary 31, 2009. Excluding acquisitions, revenue declined about 5% from fiscal2007/2008. Like other engineering software companies, business slowed dramaticallyduring Q4: ESI...