Industry Summary Articles

Solid software revenue growth in Q4 Q4 Highlights Annual Recurring Revenue increased to MSEK 44.7 (39.8), an annual growth of 12% Net revenue increased to MSEK 18.6 (15.8), of which software revenues were MSEK 13.0 (9.6) EBIT amounted to MSEK -18.5 (-12.1), including development costs of MSEK 16.7 (13.4) Net…

Velo3D, Inc., a leading additive manufacturing technology company for mission-critical metal parts, announced financial results for its fourth quarter and fiscal year ended December 31, 2022. “We exited the year with a strong fourth quarter performance as we exceeded our revenue forecast, added to our diversified customer base and maintained…

3M announced a collaboration with Guardhat, an industry-leading connected safety software company. Given the importance of connectivity as a key ingredient in safety programs, 3M is transferring its Safety Inspection Management (SIM) software to Guardhat. The transition is expected to be completed in mid-2023. In addition to the SIM transition, the…

The Department of Energy has awarded an exploratory grant to Coreform, a three-time Inc. 5000 company, to develop computer simulation processes that will increase the use of simulation in the advanced tire industry. “Greater use of predictive simulation analysis for advanced tire tread designs will reduce the cost of product…

DXC Technology, a leading Fortune 500 global technology services company, helped Bridgestone, one of the world's largest tire manufacturers, improve health and safety efficiency in production work by developing a digital environment for employee training. With only four months of operation, the DXC platform, which is based on virtual reality…

Hudson County, N.J., announced it is working with Honeywell on the development and implementation of a smart community strategic plan. The project aims to help increase resident engagement, strengthen community resilience, reduce energy consumption, improve public safety and help ease traffic congestion and improve mobility, including safety. The effort with Hudson…

Known for its ground-breaking technological innovations in clinical trials, Medidata, a Dassault Systèmes company, has exceeded 30,000 clinical trials and 9 million study participants. These milestones, achieved together with more than 2,100 global customers and partners, have been fueled by Medidata’s platform and life sciences solutions that power smarter treatments and…

Altair, a global leader in computational science and artificial intelligence (AI), announced that Finnish channel partner CaeTek has expanded into Norway. In addition to Norway, CaeTek offers Altair technology in Finland, Denmark, Iceland, and the Baltic region. The Norwegian branch of CaeTek is supported by cDynamics, a Norwegian consultancy with a strong…

ZWSOFT has announced its partnership with Redington, the leading technology aggregator in the Middle East and Africa, for distributing ZWSOFT's software solutions in the region. This collaboration aims to benefit customers by offering them reliable all-in-one CAx (CAD/CAE/CAM) solutions to catalyze the digitalization of AEC and MFG industries across the…

AVEVA, a global leader in industrial software, has announced Caspar Herzberg as CEO. With more than 25 years of experience in software and industry, Caspar brings a deep understanding of how technology can transform and reshape industries, enabling innovation and driving responsible use of resources. Caspar joined AVEVA in 2021 as Chief Revenue…