MuM’s the (good) word

Feb 7, 2011 | Hot Topics

Last week German reseller Mensch und Maschine (MuM) disclosed preliminary results for 2010 that showed strong growth in revenue and operating profit for the fourth quarter and for the year as a whole. For the year, total sales were up up 19% to €195 million while Q4...

Avatech officially becomes Rand

Jan 3, 2011 | Hot Topics

Avatech made it official: As of January 1, 2011 it will be known as Rand Worldwide, Inc. and change its ticker symbol to RWWI on the over the counter market in the US. This is the final step in the reverse merger closed last year and unifies two brands. As of 5PM on...

Avatech + Rand off to a solid start

Nov 16, 2010 | Hot Topics

Avatech Solutions reported results yesterday, the first time for the merged companies since Rand Worldwide acquired Avatech in a reverse merger back in August. Since the combined company files with the US GAAP rules, these results represent a full quarter for Rand and...

Quick catch-up: what you may have missed

Oct 7, 2010 | Hot Topics

Goodness – I go away for a few days, and the PLM world keeps on spinning ;-) Here’s what happened while I was away: Avatech Solutions (now part of Rand) reported revenue of $31.3 million for the fiscal year ended June 30 2010, down from $35.4 million a year ago....

Rand and Avatech merge in reverse

Aug 18, 2010 | Hot Topics

Surprise! Rand Worldwide and Avatech Solution announced on Tuesday that the companies have been combined in a reverse merger. A reverse merger is often known as a “reverse IPO” because the acquisition of a public company by a private one avoids the costly process of...

Autodesk Q2: My $.02

Aug 10, 2010 | Hot Topics

A lot has hit the media in the last few days about what exactly Autodesk will report on Thursday, when it makes public its Q2 2011 results. Its share price has gone up and gone down on the “news”, much of which has been correct, but some … not so much: •...

MuM sees recovery continuing

Jul 26, 2010 | Hot Topics

Mensch und Machine, one of Autodesk’s largest resellers in Europe, announced second quarter results today that show a continuing economic recovery — slowly but surely. Total sales for the second quarter (ended June 30) were €45.6 million, up 23% from a year ago,...

Avatech reports “economy improving”

May 17, 2010 | Hot Topics

Avatech Solutions reported results today that show times may be getting better for the vast majority of users of engineering software.This announcement was a few days ahead of Wednesday’s report by Autodesk, and I wonder why there aren’t more people on the call...

Unrest at Avatech

Mar 31, 2010 | Hot Topics

You may recall that Avatech Solutions, like many companies in the engineering software space, had a difficult 2008/2009 in response to the economic realities faced by its government, AEC and manufacturing customers. The company rebounded a bit in its last reported...

Smaller vendors matter too

Mar 4, 2010 | Hot Topics

We get so caught up in the earnings releases of the major PLM vendors that we forget that other companies in the PLM universe also release information, much of it more closely tied to specific geographies or subsegments. Their results help round out the picture of the...