Industry Summary Articles

PROSTEP AG is expanding and rejuvenating its executive board: PROSTEP's supervisory board has appointed Philipp Hasenäcker, managing director of PROSTEP's subsidiary BHC GmbH, to the company's executive board, effective 1 May 2023. In his new role, he will assume responsibility for consulting and will help his two colleagues on the executive board, Bernd…

Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, signed a Memorandum of Understanding to form a partnership with leading global robot manufacturer Doosan Robotics and its parent company Doosan Corporation, both Seoul-based entities and members of the historic summit in Washington, D.C., commemorating the…

Variantum Ltd. appoints Hanna Kemppainen (45) as new CEO. She will start in the position on the 15th of May 2023. Hanna Kemppainen holds a Master’s degree in Economics (finance and business law) and has over twenty years of experience from business consulting, especially in finance and finance administration, entrepreneurship and…

Dassault Systèmes announced IFRS unaudited financial results for the first quarter ended March 31, 2023. The Group’s Board of Directors approved these results on April 25, 2023. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix to this communication.  Summary…

FARO® Technologies, Inc., a global leader in 4D digital reality solutions, announced that after market close on Wednesday, May 3, 2023, it will release its financial results for the first quarter ended March 31, 2023. In conjunction with the release, Michael D. Burger, President and Chief Executive Officer, and Allen Muhich, Chief Financial Officer, will host…

IFS, the global cloud enterprise software company, announced its financial results for the quarter ending March 31st, 2023, with recurring revenues up a significant 48 percent year on year and cloud and software revenues up 55 percent and 44 percent respectively. The company cites strong penetration in all its markets and a solid performance across all solution segments.  The current economic dynamics are challenging CIOs to prioritize technology investments that help build agility and resilience in their business. Concurrently, they must…

L&T Technology Services Limited, India’s leading pure-play engineering services company, announced its results for the fourth quarter ended March 31, 2023. Highlights for Q4FY23 include: Revenue at ₹20,962 million; growth of 19% YoY USD Revenue at $255.1 million; growth of 12% YoY in constant currency EBIT margin at 18.7% ·…

ActCAD 2023 new update 1393 released for all products. This is a general maintenance release that includes few improvements and bug fixes. Below is a list of enhancements in this update: Revised ODA Libraries Fixed problems working on rotated UCS Fixed crash with CreateImageList method Fixed crash when switching to…

Altair, a global leader in computational science and artificial intelligence (AI), announced the release of Altair SimSolid Cloud, an innovative, cloud-native structural simulation software, allowing users to access next-generation simulation technology from any web browser anywhere, anytime. SimSolid Cloud eliminates geometry simplification and meshing, the two most time-consuming and expertise-intensive…

Ansys announced that it has joined TSMC’s OIP Cloud Alliance to facilitate the deployment of fully distributed workflows for mutual customers. By driving toward the cloud interoperability of Ansys multiphysics solutions with TSMC’s technology enablement, customers will easily be able to gain the full benefits of faster run times and elastic computing with…