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IFS, the global cloud enterprise software company, announced its financial results for the first quarter ending March 31, 2024. The results reflect the best start to the year in company history – an early victory for new CEO Mark Moffat, who was appointed on January 9th, 2024. Summary of Q1 results: • Annual Recurring Revenue (ARR) up 26% YoY • Cloud Revenue up 20% YoY  • Software Revenue growth up 19% YoY  A steadfast customer focus positions IFS as the demonstrable leader in all of the segments it serves. A position reinforced thanks to recent industry analyst reports recognizing IFS as the #1 vendor in terms of market share for Enterprise Asset Management (EAM) and Service Management. IFS CEO Mark Moffat commented: “In my first 100 days as CEO, I have met with over 100 customers around the world, and they consistently tell me that our customer-centric approach is a key differentiator, especially

L&T Technology Services, a leading global digital engineering and R&D services provider announced that it will be streamlining and simplifying its organizational structure into 3 main segments to drive future growth, scalability and technology innovation. The company will consolidate its existing five segments into three: Mobility, Sustainability, and Hi-Tech, as part of the company's ‘Go Deeper to Scale’ strategy to meet evolving customer demands. The newly defined segments are designed to align with LTTS' core sectors addressing unique differences within each domain, allowing each segment to build world class solutions, assets and become best-in-class in their respective areas. As a result, this is expected to drive deeper focus, customized services & solutions and enhanced client intimacy. The Mobility segment will encompass Automotive, Commercial Vehicles and Aerospace verticals. Sustainability will cover Industrial Machinery & Building Technology, Electric & Power, FMCG and Oil & Gas. The Hi-Tech segment will include MedTech, Semiconductors, Consumer Electronics, Hyperscalers and NexGen Comm verticals.  Leveraging commonalities of engineering and

Materialise NV, a leading provider of additive manufacturing and medical software and sophisticated 3D printing services, announced its financial results for the first quarter ended March 31, 2024. Highlights — first quarter 2024 Total revenue decreased by 3.4% to 63,637 kEUR compared to 65,886 kEUR for the first quarter of 2023. Gross profit as a percentage of revenue increased to 56.5% for the first quarter of 2024 from 55.9% for the 2023 period. Adjusted EBIT decreased to 2,656 kEUR for the first quarter of 2024 from 4,998 kEUR for the 2023 period, while Adjusted EBITDA decreased to 8,094 kEUR for the first quarter of 2024 from 10,310 kEUR for the 2023 period. Net profit for the first quarter of 2024 was 3,585 kEUR, or 0.06 EUR per diluted share, compared to 3,715 kEUR, or 0.06 EUR per diluted share, for the 2023 period. CEO Brigitte de Vet-Veithen commented, “In line with expectations, our consolidated revenue decreased by 3% compared to the same period of

The archelios™ PRO photovoltaic application now incorporates an API to data provider 3E that enables the automatic import of TMY data (Typical Meteorological Year) when designing a photovoltaic project. The use of quality meteorological data to assess the insolation of a photovoltaic project is as essential as the system definition (environment, modules, inverters, etc.). Irradiance data is in fact the first input in the chain of algorithms used to calculate the solar yield. Previously, this data was based on monthly averages for previous years. TMY data is now widely used, as it enables the behaviour of a power plant to be simulated for a ‘typical’ year, i.e. a year made up of real data rather than averages. This improves the accuracy of the energy yield assessment. What is a TMY file? TMY FILE A TMY file is constructed from a series of data over a long period, generally more than 10 years, and is made up by selecting the most typical months in the data

GRAITEC, a leading provider of software solutions for architecture, engineering, construction (AEC), and manufacturing (MFG), is proud to announce the launch of GRAITEC File Sync, an intuitive file synchronization application designed to streamline collaboration and ensure data integrity across common file storage systems. As companies in the AEC and MFG sectors face unprecedented challenges in today’s digital business environment, managing and syncing files across various platforms – both on-premises and in the cloud – have been ongoing issues. GRAITEC File Sync emerges as a powerful answer to address the complexities of modern file management, addressing the need for seamless file synchronization. GRAITEC File Sync offers a comprehensive set of features tailored to the unique requirements of AEC and MFG professionals: Cross-Platform Compatibility: Seamlessly sync files between common file storage systems, including popular cloud platforms such as Autodesk Construction Cloud, BIM 360, Procore, SharePoint, OneDrive, and on-premises servers. Data Protection and Continuity: With automated backup

Modelon is thrilled to announce Energy Systems Optimization as a new solution. Energy Systems Optimization is designed to help system engineers in the energy sector make better decisions about their facilities’ longevity and economic impact. The solution combines Modelon’s flagship system simulation platform, Modelon Impact, with one-on-one guidance from its team of energy industry experts.  The Need for Energy Systems Optimization Energy system engineers and researchers face heightened stakes in their decision-making processes. The increasing volatility in the supply and demand of energy sources introduces unpredictability in both market trends and technological advancements, complicating cost predictions. Engineering processes such as component sizing, operation of energy storage systems, and fuel source selection are essential to optimize as they can significantly impact the overall cost of running a facility. For these reasons, the case can be that engineers would enormously benefit from dynamic optimization functionalities coupled with system simulation technology. The Solution Modelon’s Energy Systems Optimization solution

CADDIT announces their testing of the upcoming progeCAD 2025 Professional software product. We also announce that any order placed on or after 15 April 2025 will be entitled to have that order upgraded to a 2025 version after the release announcement on CADDIT.net. progeCAD is an advanced general-purpose 2D and 3D CAD package with similar commands to AutoCAD but with perpetual license and lower price. CADDIT has been supporting progeCAD users in the Australia/New Zealand region for almost twenty years. Additional to existing features of both powerful 2D and 3D design, CAD file conversion and rendering, progeCAD 2025 will add new domain-specific functionality requested by many users. A brand new AEC module replaces progeCAD EasyArch, supporting AutoCAD®AEC Compatible 3D architectural elements with a two-dimensional view in plan and takes advantage of a whole series of new Architecture style commands. progeCAD 2025 still offers an installation option for EasyArch if needed. A free equivalent upgrade

ANN ARBOR, Michigan, USA 26 April 2024—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the promotion of several key individuals within its ranks. These promotions mark significant milestones in their professional journeys and reaffirm CIMdata’s commitment to excellence and growth. Cheryl Peck has been promoted to Chief Marketing Officer (CMO). Since joining CIMdata in May 2011 through the acquisition of Collaborative Product Development Associates (CPDA), Cheryl has played an integral role in CIMdata’s evolution, dating back to her tenure with CPDA and its predecessor, D.H. Brown Associates, since 1997. Her appointment as CMO recognizes her invaluable contributions and strategic leadership. Tom Gill becomes a Principal Consultant, reflecting the depth of his expertise and his unwavering commitment to delivering an extensive range of CIMdata’s consulting services. With a rich history of delivering exceptional results and a wealth of experience, Tom’s promotion reflects his expanded responsibilities and steadfast commitment

 PDF Key Takeaways Modern virtual engineering ecosystems keep regulations and safety standards visible ensuring compliance throughout the complete lifecycle. Concurrent, end to end requirements traceability ensures regulatory compliance and speeds development and upgrades. PTC’s Application Lifecycle Management (ALM) solutions enable end users to capture system requirements to drive design, analysis, and verification of multi-disciplinary system models. PTC’s enterprise ALM solution portfolio (codebeamer, pure::variants, Modeler, and RV&S) powers Model Based Systems Engineering (MBSE), Requirements Management (RM), Product Line Engineering (PLE), Variant Management (VM), Test Management (TM), and more. VW and BMW have recently selected PTC for their broad ALM capabilities. Introduction CIMdata’s definition of Product Lifecycle Management (PLM) emphasizes the complete lifecycle of a product and all its related data and processes, from idea inception to requirements definition, to planning and development, with supply chains, and then mass production and in-service performance and product upgrades. The embedded software within a product and any server-based software that complements it are

The Motion Technology Company Schaeffler and the technology company Siemens have signed a memorandum of understanding (MoU) at the Hannover Messe. Both companies will advance the use of artificial intelligence in the industrial sector and therefore make a significant joint contribution to shaping the digital production of the future. At the Hannover Messe, Schaeffler and Siemens are once again showing the successful collaboration with the “Siemens Industrial Copilot”, an industrial automation solution using AI. It is connected to a production machine from Schaeffler Special Machinery at the Hannover Messe. The AI assistant makes the work significantly more efficient for the employees on the shop floor because complex automation codes for the machine can also be generated with natural spoken words. “Digitalization is one of Schaeffler’s key topics,” says Klaus Rosenfeld, CEO of Schaeffler AG. “The use of AI-based solutions is a decisive factor for making production processes more innovative, agile, and