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Items filtered by date: November 2024 - CIMdata
Cybord, a leading provider of advanced visual-AI electronic component analytics, and Siemens Digital Industries Software have signed a new OEM agreement to integrate Cybord's cutting-edge AI technology with Siemens’ Opcenter™ software for Manufacturing Execution Systems (MES). The collaboration expands a previous OEM agreement and enables Siemens to offer Cybord’s powerful AI solutions to Opcenter customers and Siemens’ factories globally. The integration of Cybord's visual AI platform with Siemens’ Opcenter empowers manufacturers to enhance quality control of their Surface Mount Technology (SMT) processes. The solution will provide real-time detection of defective components, help build component repositories, and integrate visually verified traceability across the supply chain. Customers will be able to streamline their operations without the need for additional dashboards as the solution is fully integrated into Opcenter MES. This integration also allows customers to take immediate action on product integrity issues, improving their ability to address problems on the fly and helping
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The Ministry of Economy has announced that Exiger, a leading provider of AI-powered risk and supply chain management solutions, has joined the UAE’s NextGen FDI initiative. The partnership will see Exiger establish its regional headquarters in Abu Dhabi, investing millions into technology and infrastructure while employing over a hundred AI technologists and experts. This latest addition to NextGen FDI will reinforce the UAE’s position as a hub for cutting-edge technology and compliance solutions, as well as a global AI Center of Excellence. Exiger was founded with a mission to empower organizations to make informed decisions, leveraging advanced data analytics and AI to provide comprehensive insights into risk management, supply chain compliance and anti-money laundering. With a strong presence across various industries, their innovative approach is set to enhance the UAE’s expertise in these areas, in addition to increasing its capabilities in navigating complex compliance and regulatory challenges. HE Dr. Thani bin Ahmed Al
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The Supervisory Board of SAP SE announced that it has further extended the contract of Christian Klein, CEO and chairman of the Executive Board. Initially set for three years starting in May 2025, the contract has now been extended to five years, continuing until April 2030. The Supervisory Board has also extended the contract of Dominik Asam, CFO and member of the Executive Board, at his own request for two years to March 2028. These decisions ensure continuity and stability within the Executive Board, which as a leadership team collectively oversees the successful execution of SAP’s long-term strategy. “Christian Klein and Dominik Asam, together with the executive team, have played an instrumental role in SAP’s ongoing success, providing steady leadership throughout the company’s transformation journey,” said Pekka Ala-Pietilä, Chairman of the Supervisory Board of SAP SE. “On behalf of the Supervisory Board, I thank them all for their contributions to strengthening SAP’s position as
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Tango, the leading provider of cloud-based real estate and facilities management software solutions, is pleased to announce the appointment of Jon Elliott as its new Chief Executive Officer, effective May 1, 2025. Pranav Tyagi, who founded Tango and served as its leader for 17 years, is stepping down as CEO and will assume the role of Chairman of the Board of Directors where he will continue to support the company’s long-term success in an advisory capacity. This strategic leadership change marks a significant milestone for Tango as it continues to advance its mission to empower the world’s leading companies by providing innovative solutions, data, and expertise to maximize value and impact from their locations. Since its founding in 2008, Tango has achieved remarkable milestones, transitioning from its beginnings as a management consulting firm to becoming a pioneer in the creation of Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM)
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Vertex Software, a leader in cloud-based 3D CAD visualization, announced it has partnered with Snowflake to enable automotive manufacturers, suppliers, and more to unlock the full value of their PLM and CAD investments beyond engineering. As the automotive industry shifts towards a data-driven approach, Vertex is helping leaders transform their business operations. The Vertex 3D Platform eliminates data silos and manages connected vehicle data more effectively through advanced analytics, real-time insights, and secure data collaboration. “Sharing 3D CAD data beyond engineering has always been costly, complex, and slow,” said Dan Murray, CEO of Vertex Software. “Vertex breaks down those barriers—enabling high-fidelity, fit-for-purpose 3D applications that align with PLM systems and integrate seamlessly with Snowflake’s AI Data Cloud. Automotive manufacturers can instantly and securely stream context-aware pixels, not part files—no downloads, specialized hardware, or IP risk. By pairing 3D visualization with AI-driven insights, we’re helping automotive companies accelerate innovation, cut costs, and
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Bluebeam, a leading developer of solutions and services for architecture, engineering and construction (AEC) professionals worldwide and a part of the Nemetschek Group, is hosting its inaugural Unbound conference, taking place September 30 through October 2, 2025, at the Washington Hilton in Washington D.C. This event will bring together the people who design and build our world — to share ideas, solve real-world challenges, and explore new innovations shaping the future of the industry. The conference will be headlined by technology visionary and entrepreneur Steve Wozniak, as well as former Head of Innovation & Creativity at Disney, Duncan Wardle. “Bluebeam is bringing together some of the brightest minds in the AEC and technology industries for Unbound,” said Usman Shuja, CEO at Bluebeam. “Our users are the heart of what we do, and this event is both a celebration of that community and a launchpad for the future of how we build, design and connect. Unbound gives
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COMSOL, a global leader in modeling and simulation software, announced that the COMSOL Conference 2025 tour will make a stop in Amsterdam, the Netherlands, on October 29–31. The COMSOL Conference provides a space for engineers, scientists, and researchers to showcase their modeling and simulation work, exchange ideas, and learn new modeling techniques. "Visiting the COMSOL Conference is extremely inspiring for anyone interested in modeling and simulation," said Martin Wüest, head of sensor technology in the Vacuum Control business unit of INFICON and former COMSOL Conference keynote speaker. "The event offers valuable knowledge, insight into innovative ideas, and an inspiring atmosphere among an engaged community." Program highlights of the 2025 event include: Keynote talks by industry leaders; previous keynote speakers include ASML, Ferrero, and Bowers & Wilkins, among others Interactive presentations by engineers and researchers from different fields Minicourses that help users get the most out of the COMSOL Multiphysics® software and its add-on products Demo stations where attendees
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The ESTECO Users’ Meeting North America 2025 takes place on October 14–15 at Saint John’s Resort in Plymouth, Michigan. The event brings together engineering professionals, industry leaders, and technology experts, offering valuable content for all user types. The two-day event offers a unique opportunity to explore the latest in simulation process integration and optimization through real-world applications, technical insights, and hands-on learning. Whether you're a seasoned user of modeFRONTIER or VOLTA, or exploring how our technologies can enhance your simulation and optimization workflows, this event is tailored for you. You’ll hear how ESTECO Technology is driving innovation and solving complex engineering challenges across various industries directly from leading companies and researchers. The agenda features a mix of user presentations, technical talks, and product updates that offer a comprehensive look at the current trends and future developments. The event also includes practical training sessions led by ESTECO experts, designed to deepen your knowledge and help you make the most of
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Honeywell announced its participation at upcoming investor conferences in May. Mike Stepniak, Senior Vice President and Chief Financial Officer of Honeywell, will present at Bank of America's 2025 Industrials, Transportation, and Airlines Key Leaders Conference in New York City on Tuesday, May 13, 2025, from 8:00 a.m. - 8:35 a.m. EDT. Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, will present at Wolfe Research's 2025 Global Transportation and Industrials Conference in New York City on Tuesday, May 20, 2025, from 2:05 p.m. - 2:35 p.m. EDT. Dave Shilliday, Vice President and General Manager of Advanced Air Mobility, will present virtually at the 3rd Annual Jefferies eVTOL / AAM Summit on Wednesday, May 28, 2025 from 11:20 a.m. - 11:50 a.m. EDT. Real-time audio webcasts of the presentations can be accessed at http://www.honeywell.com/investor, where related materials will be posted prior to the presentations and a replay of the webcasts will be available for 30 days following the presentations. To view the original press release, please click here. Search for Honeywell on CIMdata.com
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Bentley Systems, Incorporated, the infrastructure engineering software company, announced results for the quarter ended March 31, 2025. First Quarter 2025 Results Total revenues were $370.5 million, up 9.7% or 10.9% on a constant currency basis, year-over-year; Subscriptions revenues were $342.3 million, up 11.5% or 12.7% on a constant currency basis, year-over-year; Annualized Recurring Revenues (“ARR”) were $1,319.3 million as of March 31, 2025, compared to $1,186.5 million as of March 31, 2024, representing a constant currency ARR growth rate of 12%; Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 108% for the same period last year; Operating income margin was 31.1%, compared to 27.2% for the same period last year; Adjusted operating income less stock-based compensation expense (“AOI less SBC”) (previously titled Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”)) margin was 34.1%, compared to 33.3% for the same period last year; Net income per diluted share was $0.28, compared to $0.22 for the same period last year; Adjusted net income
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