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Items filtered by date: November 2024 - CIMdata
 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
Modelon AB (publ), a leader in system simulation software, announces that the Blue Energy Simulation Library, an advanced Modelica library for modeling integrated energy systems, is now available for use with Modelon Impact, Modelon’s cloud system simulation platform. The Blue Energy Simulation Library enables engineers to design, analyze, and validate complex, multi-energy systems inside Modelon Impact. Developed by EA Systems Dresden GmbH to help teams accelerate decarbonization and energy transition projects, the Blue Energy Simulation Library includes pre-configured components spanning renewable generation, energy storage, heat pumps, HVAC, e-mobility and charging, hydrogen grids, global weather data, and heat exchangers – all designed for dynamic, system-level studies and control testing. With the Blue Energy Simulation Library on Modelon Impact, engineers can perform what-if and variant studies, evaluate energy management algorithms, and conduct risk-free control strategy testing across electricity, heat, and hydrogen domains – supporting activities from concept evaluation through operations planning. The library is
Published in Newsletter Articles
Synopsys announced expanding Synopsys.ai™ Copilot generative AI (GenAI) capabilities for its industry-leading semiconductor design solutions, enabling semiconductor engineering teams to accelerate development timelines, support significantly more complex designs, and increase engineering velocity amidst a workforce shortage. Synopsys pioneered AI as a core capability of modern chip design, applying reinforcement learning and GenAI capabilities to help customers optimize silicon performance, improve efficiency, and accelerate time to market with its Synopsys.ai advanced suite of AI-powered solutions. The expanded Synopsys.ai Copilot assistive and creative capabilities have been in use with early access customers and are demonstrating significant design quality and engineer productivity gains, accelerating customer workflows from days to hours, and hours to minutes. "AI is revolutionizing every layer of chip design and fueling a wave of ingenuity to deliver the next generation of advanced SoCs," said Sanjay Bali, Senior Vice President, Strategy and Product Management, Synopsys. "With the latest Synopsys.ai Copilot capabilities supporting assistive and creative applications across
Published in Newsletter Articles
Trimble® announced the initiation of the Federal Risk and Authorization Management Program (FedRAMP®) authorization process for its Trimble Connect®, Trimble ProjectSight® and Trimble Unity™ solutions. This strategic initiative underscores Trimble's commitment to deliver a comprehensive and secure, connected construction platform for U.S. federal agencies and their contractors. Its long-standing dedication to support government agencies focuses on delivering innovative solutions for capital improvement programs and digital project delivery. Together, these solutions help enable seamless collaboration and project management for the public and private sectors. By seeking FedRAMP authorization, Trimble aims to provide federal customers with a unified and highly-secure environment for managing project data, documents and workflows. "As federal agencies continue to modernize their infrastructure and construction programs, they require solutions that not only increase efficiency, but also meet the most stringent security standards," said Mark Schwartz, senior vice president, AECO software at Trimble. "Pursuing FedRAMP authorization is a natural extension of our commitment to the
Published in Newsletter Articles
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