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Items filtered by date: November 2024 - CIMdata
Iberdrola, a global energy leader headquartered in Bilbao, Spain, has partnered with DXC, a leading Fortune 500 global IT services provider, to successfully complete a multi-year project to modernize its most critical systems. By working with DXC to migrate its core business systems to the cloud, Iberdrola has transformed its operations to thrive in an increasingly dynamic energy market, where agility, efficiency, and innovation are essential to sustaining its leadership.  The project was one of the largest and most complex IT modernization projects ever in the Spanish energy sector and involved moving 180 terabytes of data and over 30 million lines of code from a legacy mainframe environment to the Azure cloud. The transformation has enabled greater automation, more responsive customer service, while reducing costs, and providing opportunities to integrate AI technologies and services. “The modernization of our core systems has been a crucial milestone in Iberdrola’s digitalization strategy. It allows us to face
Published in Newsletter Articles
Valeo, the global leader in Advanced Driver Assistance Systems (ADAS) and Capgemini announced a new collaboration for the testing and validation of a new, complete, and integrated ADAS system up to Level 2+[1]. With this solution, Valeo and Capgemini address a major challenge in modern mobility: reinforcing safety around vehicles to help reduce accidents, improve driver assistance and advance the development of autonomous vehicles. Valeo’s new ADAS system enhances the end-user experience through safer, more comfortable and intuitive driving. It integrates a 360-degree sensor suite of cameras and radars with software-defined capabilities. By combining sensors, software intelligence, and engineering services into a turnkey, all-in-one solution, Valeo enables manufacturers to simplify development, accelerate time-to-market, and optimize costs. This new architecture will enter into production in 2028 for a major OEM. To ensure the seamless operation of all functionalities within the vehicle’s intricate environment, Valeo will leverage its unique capability to bring together world-class hardware, expertise
Published in Newsletter Articles
STACK Construction Technologies, an industry-leading cloud-based construction software platform, is proud to announce a strategic partnership with Winsupply, one of the nation’s largest suppliers of residential and commercial construction materials. This collaboration will bring STACK’s cloud-based takeoff solution to Winsupply’s network of independent local company locations, enabling standardized workflows, stronger collaboration, and integration with their internal enterprise resource planning (ERP) system.  Historically, Winsupply local companies relied on disconnected, outdated, on-premise preconstruction solutions, spreadsheets, or manual processes, causing significant inefficiencies. With STACK, Winsupply is creating a centralized yet flexible environment where teams can work autonomously within their own local company location in STACK while benefiting from shared best practices, standardized items & assemblies, and takeoff templates.  “STACK’s impact at the local level proved what was possible,” said Ray DeZenzo, CEO of STACK. “Winsupply saw firsthand how cloud-based, standardized takeoffs can drive efficiency and growth. This partnership is about giving every Winsupply team the tools they
Published in Newsletter Articles
 PDF Electronics industry solution provider accelerates expansion in Physical AI and System Design & Analysis On September 4, 2025, Cadence Design Systems, Inc. (Cadence) announced that it had entered into a definitive agreement to acquire Hexagon AB’s Design & Engineering (D&E) business, including the well-known MSC Software portfolio, for approximately €2.7 billion (~US$3.16 billion). The transaction will be settled 70% in cash and 30% in Cadence common stock issued to Hexagon, and is expected to close in the first quarter of 2026, subject to regulatory approvals. Cadence, a pivotal leader in electronic systems design, has steadily expanded its footprint into multiphysics engineering simulation over the past several years. Building upon its Intelligent System Design™ strategy and leveraging its Millennium™ Enterprise Multiphysics Platform, the company has complemented organic growth with strategic acquisitions—notably NUMECA & POINTWISE (2021), Future Facilities (2022), and BETA CAE Systems (2024). The Hexagon D&E acquisition now adds world-class capabilities in structural
Published in Commentaries
Bechtle AG has acquired Dutch IT service provider ITAM Solutions BV, headquartered in Eindhoven. Founded in 2007, the company specialises in IT asset management solutions and provides comprehensive consulting in FinOps and cost management. ITAM Solutions employs 38 people and generated revenues of €4.4 million in the past financial year. The business will be fully integrated into Bechtle subsidiary PQR. Simone van Sambeek, founder and CEO of ITAM Solutions, will remain with the organisation. The acquisition marks another step in Bechtle’s international growth strategy and further strengthens its presence in the Netherlands with highly skilled professionals and specialised expertise. Following the acquisition of IT service provider E-Storage in June, Bechtle is now bringing another well-established Dutch IT company into the fold. ITAM Solutions is a recognised market player in strategic IT asset management and cloud cost management (FinOps). By joining forces with Bechtle subsidiary PQR, the company aims to accelerate its development within a larger
Published in Newsletter Articles
Cadence announced it has entered into a definitive agreement to acquire the Design & Engineering (“D&E”) business of Hexagon AB, which includes its MSC Software business—a pioneer in engineering simulation and analysis solutions. This acquisition accelerates Cadence’s Intelligent System Design™ strategy, significantly expanding the Cadence® System Design & Analysis portfolio and reinforcing its commitment to delivering comprehensive solutions for the world’s most demanding design challenges. The addition of Hexagon’s proven D&E technology and talent will build upon Cadence’s 2024 Beta CAE acquisition, enabling a meaningfully deeper presence in the multi-billion-dollar structural analysis market. Under the terms of the agreement, Cadence will pay approximately €2.7 billion for the business, with 70% of the consideration to be paid in cash and 30% to be paid through the issuance of Cadence common stock to Hexagon. Accelerating electrical-mechanical hyperconvergence is driving the strong need for more multiphysics simulations earlier in the design cycle. Leveraging its computational
Published in Newsletter Articles
Autodesk joined students, faculty, partners, and members of Congress at California State University, Northridge (CSUN) to cut the ribbon on the new Autodesk Technology Engagement Center (ATEC)—a campus hub designed to empower students and the community to thrive in Design and Make careers. The two-story, 32,000-square-foot space will train students and the surrounding community in AI for social good, making it one of the only campuses in the nation to combine hands-on STEM and AI skills training with interdisciplinary learning, all under one roof. The grand opening of a transformative hub On Friday, August 22nd, CSUN and Autodesk leaders along with community members were joined by Congresswoman Luz Rivas (CA-29) and former Congressman Tony Cárdenas (CA-29) for the official ribbon cutting of the ATEC. Along with more than $7 million in support from Autodesk, Rivas and Cárdenas, along with US Sen. Alex Padilla, helped secure $25 million in state funds to bring the
Published in Newsletter Articles
TECHNIA, a leading provider of virtual twin solutions and digital engineering, is proud to announce a new strategic technology partnership with Space Network, the world’s fastest-growing space sector ecosystem. This collaboration brings TECHNIA’s world-class expertise in design, simulation, and lifecycle management to Space Network members worldwide, spanning hubs in the UK, USA, Greece, Africa, and future international locations. By making these advanced capabilities accessible, the partnership will enable space companies of all sizes to design, validate, and secure investment faster From satellite components and mission-critical software architectures to next-generation habitats and spacesuits, TECHNIA’s digital tools and methodologies allow organizations to model, test, and refine ideas in virtual environments before committing to physical builds. This accelerates innovation, reduces cost and risk, and strengthens the commercial case for funding and mission approval. The partnership underscores TECHNIA’s mission to support sustainable innovation across industries by combining advanced digital solutions with global expertise. “With the space economy projected
Published in Newsletter Articles
Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the first quarter of fiscal 2026, ended July 31, 2025. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS). “We are pleased to begin the first quarter of fiscal 2026 with 25% SaaS revenue growth and a 24% increase in profitability over last year,” said Peter Brereton, president and CEO of Tecsys. “Our pipeline has grown substantially over the summer months both on the new account side and expansions. The most successful user conference in our history was certainly a contributor with attendance rising by 25% over the previous conference. Our new location in Bangalore is up and running and already contributing to our results and our product development. We remain confident in our outlook for the remainder of fiscal 2026.” Mark Bentler, chief financial officer, added: “On top
Published in Newsletter Articles
Aurigo Software, North America’s leading capital planning and construction management solution provider, announced the launch of Essentials Plan, an AI-powered capital planning solution purpose-built for local and regional government agencies. The platform, built for long-range multi-project planning, will enable users to map out capital improvement programs (CIPs) with greater efficiency. Building multiyear CIPs can be challenging, as it requires agencies to balance shifting priorities and external pressures, such as economic or environmental changes. Manual reconciliation and disconnected systems often leave financial data fragmented and outdated, causing delays and weakening governance. Owners thereby lack the timely, accurate insights needed to compare budgets with actuals, identify variances, and confidently take corrective actions. Essentials Plan offers AI-powered scenario modeling, intelligent fund allocation, and a unified view of project financials. It eliminates errors and information silos, ensuring that capital funding decisions are aligned with the agency’s overall strategic priorities and translate into lasting value for the communities
Published in Newsletter Articles
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