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Items filtered by date: November 2024 - CIMdata
PTC reported financial results for its third fiscal quarter ended June 30, 2025. "Q3 was another solid quarter of execution for PTC. Our strategy of enabling product data foundations and extending the value of that data across the enterprise is resonating with customers across our verticals and geographies," said Neil Barua, President and CEO, PTC. "In Q3, we continued to advance our go-to-market transformation, and I can say with confidence that we are structurally stronger. We also progressed our five focus areas of CAD, PLM, ALM, SLM, and SaaS with new product offerings and enhancements and key customer wins. While the macroeconomic picture still poses some uncertainty for our customers, we sense that we are past the point of maximum disruption, and look forward to productive customer engagements throughout Q4," concluded Barua. Third Fiscal Quarter 2025 Key Operating and Financial Metrics1 $ in millions, except per share amounts Q3'25 Q3'24 YoY Change Q3'25 Guidance ARR as reported $2,416 $2,126 14 % Constant currency ARR (FY'25
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Aurigo Software, the leading provider of capital planning and construction management software for public infrastructure and private owners, announced that it has entered into a multiyear contract with the South Dakota Department of Transportation (SDDOT). Aurigo’s flagship product suite, Masterworks, will provide the agency with a centralized platform to manage various aspects of project delivery, including construction and contract management, as well as materials testing. The state of South Dakota spans over 77,000 square miles and plays a pivotal role in connecting the Midwest through its extensive transportation network of highways, bridges, rail systems, and transit services. SDDOT oversees the development and maintenance of approximately 7,794 miles of state highways and 5,905 bridges, ensuring that they meet the needs of its residents and support regional growth. Major infrastructure projects are also underway to address current and future transportation needs. SDDOT’s $72 million initiative to reconstruct a 15-mile stretch of U.S. Highway 385 in
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Siemens Digital Industries Software announced that Nidec Corporation, a Japanese manufacturer and distributor of electric motors, has adopted Teamcenter® X software from the Siemens Xcelerator portfolio of industry software to achieve innovative motor development and supply to set new industry standards, including automotive.  Nidec will implement both Product Lifecycle Management (PLM) and Quality Management System (QMS) capabilities from Siemens’ Teamcenter to optimize its business processes and systems with a focus on traceability and configuration management to bring connectivity across all areas of its business, from development to production. Additionally, Siemens' Quality Management solutions address Advanced Product Quality Planning (APQP), Failure Modes and Effects Analysis (FMEA) and control plans to help contribute to the establishment of quality management systems that create deeper connections between Nidec’s Opcenter™ MES process and ERP system and conform to the requirements for the various QMS certifications.  “Teamcenter X enables Nidec to establish a culture of innovation backed up
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Siemens Digital Industries Software announced that Teamcenter® Semiconductor Lifecycle Management (SLCM) software was adopted by Rapidus Corporation. Teamcenter SLCM and a data-driven development approach will help Rapidus to seamlessly connect design, development, manufacturing preparation, testing and quality management - including quality improvement and business productivity and to become the fastest startup of advanced logic device prototypes and mass production and a stable supply to the global market. Teamcenter SLCM and its standard semiconductor-specific data models support to seamlessly connect operations and data, creating an environment where all stakeholders can immediately access necessary information and visualize task progress and schedules across departments. Teamcenter SLCM can be used out-of-the-box with minimal customization, not only shortening the implementation period and enabling immediate use but also facilitates the gradual incorporation of rapidly evolving AI technology, minimizing costs associated with version upgrades and allowing immediate adoption of new features. In addition, for quality management, Process Design Kit (PDK),
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Simulations Plus, Inc. (“Simulations Plus”), a leading provider of cheminformatics, biosimulation, simulation-enabled performance and intelligence solutions, and medical communications to the biopharma industry, announced that experimental results of its artificial intelligence-driven drug design (AIDD) collaboration with the Institute of Medical Biology of the Polish Academy of Sciences (IMB PAS) have been published in the American Chemical Society (ACS) Medical Chemistry Letters . Simulations Plus and IMB PAS launched their collaboration in 2023 to use the AIDD module in ADMET Predictor® to design novel RORγ/RORγT ligands, molecules that impact gene expression related to inflammation and immune responses. Within three months, the two teams had developed models to predict RORγ/RORγT ligand potency, designed potential ligands simultaneously optimized for potency, in vivo absorption, synthesizability, and ADMET risk, synthesized compounds, and completed initial in vitro potency and toxicity testing. The recently published results show that the vast majority of compounds tested had strong potency for the target that was close to or better
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The Digital Twin Consortium® (DTC™) announced that Lucid Technologies Corporation (Lucid TC™), a pioneering technology company dedicated to advanced digital twin solutions, has joined the consortium. Lucid TC brings its expertise in building powerful developer-friendly technologies for creating highly customized, in-memory, graph-based digital twins to significantly contribute to the DTC’s mission of accelerating digital twin adoption and advancing open standards. Lucid TC’s core focus is to empower employees across organizations, from highly savvy developers and data scientists to non-technical staff, to build and use digital twins to help optimize their organizations’ operations and success. “Joining the Digital Twin Consortium and its esteemed network of industry leaders is a pivotal moment for Lucid TC,” said Soheil Negahbani, Founder and CEO of Lucid TC. “Our vision has always been to democratize digital twin development, freeing organizations to build bespoke solutions that truly fit their unique needs. This partnership reinforces our commitment to open innovation and collaborative advancement,
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In alignment with the company’s strategic growth initiatives to support projected expansion in the manufacturing industry, the management team at Okuma America Corporation has expanded its executive leadership group to include the new role of Senior Vice President of Corporate Strategy. Mr. Dominick Patriarca has been appointed to the new role and officially joined the Okuma organization in July of 2025. Okuma America Corporation is a subsidiary of Okuma Corporation, a leading global manufacturer of CNC (computer numeric control) machine tools and automation systems. In support of forecasted industry growth, a driver for Okuma’s growth targets for 2030, company leaders are making investments in strategic personnel, technologies, and services designed to support growth trajectories and evolving industry needs. In addition to the new leadership role, the company has recently invested in a new automation technology business unit, as well as a new global repair facility for machine tool components. Both of
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PTC announced that it is expanding the scope of its collaboration with NVIDIA, the world leader in accelerated computing. PTC is integrating NVIDIA Omniverse technologies into its Creo® computer-aided design (CAD) and Windchill® product lifecycle management (PLM) solutions to transform how manufacturers and product companies design, simulate, and collaborate on complex products — including the foundational hardware of AI infrastructure, such as high-performance PCBs, advanced cooling systems, and large-scale data center equipment. In addition, PTC has joined the Alliance for OpenUSD (AOUSD), reinforcing its commitment to the OpenUSD open and interoperable 3D data standards. By connecting Windchill with Omniverse’s real-time, photorealistic simulation development platform, teams will be able to visualize and interact with the most current Creo design data in a shared, immersive environment. PTC will use Omniverse OpenUSD and RTX libraries to power an interactive, real-time viewport in Windchill, allowing users to access high-fidelity 3D simulations without leaving their PLM environment. This integration will provide every user—from
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Science Applications International Corp. announced an “AI at the Edge” strategic alliance with Google Public Sector, leveraging the power of Google Distributed Cloud. This multi-year alliance combines SAIC's expertise in integrating technology for defense, intelligence, space and civilian customers with Google Cloud’s AI, machine learning tools and cloud-native solutions. By leveraging Google Distributed Cloud as the preferred solution for “AI at the Edge”, this collaboration is designed to deliver: Tactical edge solutions: Meeting specialized requirements such as low latency, high bandwidth, data residency, rugged hardware, and compliance for confidential data. Secure, scalable AI solutions: Ensuring access to mission-critical applications, even in disconnected environments. Rapid data insights: Leveraging AI to improve decision-making and mission success. As a leading mission integrator for the government, SAIC provides the expertise and necessary resources to efficiently link current systems with emerging technology capabilities in order to translate complex technological solutions into tangible mission outcomes. As one of the first system integrators to take
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EMO Hannover, the world’s largest exhibition for production technology, brings together leading experts and innovators from the global manufacturing industry. With a strong focus on digitalization, robotics, and smart production, it’s the perfect venue to present ENCY 2.0 — a next-generation CAD/CAM solution designed for both CNC machines and industrial robots. What’s New in ENCY 2.0 and the ENCY X Ecosystem ENCY 2.0 A major update to the core CAD/CAM system. ENCY 2.0 introduces a redesigned interface with a new start page, license status bar, and light UI theme. Key upgrades include a tool assembly editor for mill-turn machines, smart feeds and speeds with material-aware adjustments, a material removal rate graph, and feature-based geometry selection. New machining capabilities cover internal surface operations, enhanced 5D surfacing, and surface extension. Additive tools now support non-planar slicing of surface models, advanced infill patterns, and layer time control. ENCY 2.0 also debuts the AI Process Planner, which analyzes 3D models to suggest
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