Industry Summary Articles

SimScale is a fully cloud-native simulation platform accessed through a web browser and used by engineers globally. The platform is used by leading engineering and design firms in diverse industries, including construction, automotive, turbomachinery, electronics, industrial products, and medical devices. With easy CAD handling and simple yet powerful features, engineers…

VOLTA expands its Business Process Management usability with a new Data Flow tool designed to create executable BPMN models faster. modeFRONTIER comes with improved node configuration usability.  BUSINESS PROCESS MANAGEMENT New Data Flow tool facilitates business processes mapping Manually creating a consistent data flow of various elements in a BPMN…

PTC reported financial results for its fourth fiscal quarter and full year ended September 30, 2022.  "In our fourth fiscal quarter, we again delivered strong results. We reported ARR growth of 7%, organic ARR growth of 6%, and organic constant currency growth of 15%. The Codebeamer business, which we acquired in…

FARO® Technologies, Inc., a global leader in 4D digital reality solutions, today announced its financial results for the third quarter ended September 30, 2022. "Customer demand across our served markets remained healthy, with revenue on a constant currency basis of $91.5 million, increasing 14% year on year and up 9% sequentially. Due to…

Continued strong consulting and service business (vs previous year: +35.4%) as well as increased license sales determine the sales growth (vs previous year: +11,908, +11.5%) in the first nine month 2022. The consulting and service business, which was already growing strongly in the first half year (vs previous year +18.9%)…

Med-tech startup Axial3D has announced the closing of a $15 million investment round led by a strategic investment of $10 million from Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions. This is Stratasys’ first investment in Axial3D. The two companies also will be providing a joint offering…

ANSYS, Inc. reported third quarter 2022 GAAP and non-GAAP revenue growth of 7% and 6% in reported currency, respectively, or 16% and 15% in constant currency, respectively, when compared to the third quarter of 2021. For the third quarter of 2022, the Company reported diluted earnings per share of $1.10…

The global simulation industry collaboration and technology alliance Revolution in Simulation, created to accelerate innovation through the democratization of engineering simulation, announces Corvid HPC (www.corvidhpc.com) as its newest participating sponsor and collaborator. Corvid HPC is a cloud computing provider with over 15 years of simulation experience solving some of the DoD’s…

L&T Technology Services Limited, a leading global pure-play engineering services company, announced the unveiling of its Engineering Research & Development (ER&D) Center in Toronto, Ontario (Canada), marking its third nearshore global design center in two quarters. The ER&D Center in Toronto will initially focus on developing digital solutions for the transportation…

Honeywell and Aramco have announced the signing of a joint venture (JV) agreement to provide a set of end-to-end business process automation solutions, under the Aramco Namaat Industrial Investments Program. The technology solutions can be offered to a wide range of industrial sectors to help maximize profitability, improve productivity, sustainability and…