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Items filtered by date: November 2024 - CIMdata
Altair, a global leader in computational intelligence, has signed a strategic memorandum of understanding (MOU) with the Engine Research Institute at HD Hyundai Heavy Industries to enhance the performance of eco-friendly marine engines and power AI-driven development initiatives. “This collaboration goes beyond technology development—it is a strategic partnership to shape the future of marine engine development,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “By combining Altair’s global technological capabilities with HD Hyundai Heavy Industries’ expertise in eco-friendly marine engines, we aim to set a new standard for sustainable engine and machinery business.” Altair was recently acquired by Siemens, a global leader in industrial software, to extend its leadership in simulation and industrial artificial intelligence. Altair technology is being integrated with the Siemens Xcelerator portfolio. Sungchan An, Ph.D., vice president and head of the Engine Research Institute, HD Hyundai Heavy Industries, stated, “HD Hyundai Heavy Industries and Altair have continuously collaborated on
Published in Newsletter Articles
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Sydney (BoS), announced the bank’s decision to select the Infosys Finacle Digital Banking Suite to power its transformation. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth. BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions. Among other benefits, the next-gen Infosys Finacle Digital Banking Suite will also enable BoS to: Accelerate transformation with the Finacle Reference Bank – a preconfigured solution with Australia-ready products and processes. Enhance digital experience by delivering superior omni-channel self-service capabilities through mobile and online banking. Simplify the bank’s IT landscape by retiring multiple applications, reducing technical debt and creating a more agile IT environment. Innovate at scale leveraging configuration-driven product
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EON Reality, the global leader in augmented and virtual reality-based knowledge transfer for industry and education, announced a strategic initiative designed to support Bulgaria’s defense transformation, accelerate its integration with Western military standards, and bolster its role within NATO. This initiative introduces the specialized “AI Academy for Defence – Bulgarian NATO Integration Track,” leveraging EON Reality’s revolutionary Spatial AI technology. EON Reality is building partnerships with the Bulgarian Ministry of Defence, the Bulgarian Armed Forces training commands, key academic institutions like the Rakovski National Defence College, and the national defense industry to deploy a transformative XR and AI training ecosystem. This program aims to rapidly equip Bulgarian military personnel with the advanced, AI-era skills needed to operate and maintain new platforms like the F-16 Block 70 and other Western systems, facilitating a crucial shift from legacy Soviet-era equipment. The Why: Bridging the Skills Gap for Bulgaria’s Transition to Western Systems and NATO Standards Bulgaria is undertaking a significant defense modernization effort, increasing spending towards
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Centric Software®, the Product Lifecycle Management (PLM) market leader, is excited to announce that Tegel, New Zealand’s leading poultry integrator, has successfully implemented Centric PLM™. Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, fashion and multi-category retail to achieve strategic and operational digital transformation goals. Founded in 1961, Tegel is New Zealand’s largest poultry producer, involved in breeding, hatching, processing, marketing and distributing poultry products across New Zealand and select international markets. The company’s portfolio includes a wide range of products, from frozen nuggets to fresh chicken, all produced in accordance with New Zealand’s high animal welfare standards. Yvonne Van Nes, Chief Strategy and Commercial Officer at Tegel explains the need for a modern, end-to-end PLM solution. “It’s part of our strategic plan to replace our legacy system with a single source of the truth that
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Planera, the leader in visual CPM-based construction scheduling, today announced that Zachry Construction Corporation has selected Planera to optimize its construction resources across multiple projects. Based in San Antonio, TX, Zachry is a privately owned construction company with more than 100 years of operating experience. Zachry focuses on the construction of large, technically unique projects around the world and specializes in heavy civil construction, transportation, utilities, and infrastructure projects. Currently ranked #222 in the ENR 400, Zachry generated $500M in annual revenue in 2024.  Zachry actively incorporates new technologies to improve construction efficiency. Adopting Planera is a move that is consistent with the company’s drive for continuous improvement. “With Planera, we’re now managing resources across 25 different projects simultaneously,” said Ranjeet Gadhoke, vice president - project controls at Zachry Construction. “We’ve modernized an old-school process and can now use resources from crews to cranes much more efficiently. Planera allows us to do this so
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Honeywell announced that it has agreed to acquire Johnson Matthey's Catalyst Technologies business segment for £1.8 billion in an all-cash transaction, representing approximately 11x estimated 2025 EBITDA, inclusive of tax benefits and run-rate cost synergies. The combination of Johnson Matthey's Catalyst Technologies business with Honeywell's Energy and Sustainability Solutions (ESS) business segment is expected to add attractive high growth vectors to the portfolio and drive significant additional benefits through cost synergies. Johnson Matthey's Catalyst Technologies' business model complements Honeywell's existing UOP business of selling catalyst and process technologies and expands its installed base across refining and petrochemical catalysts. In addition, with an expanded portfolio, Honeywell will for the first time be able to offer customers a comprehensive solution for the production of lower emission, critical fuels including sustainable methanol, sustainable aviation fuel (SAF), blue hydrogen and blue ammonia, which enhance energy security and reduce emissions. The resulting offerings will provide licensed technology, engineering, services and catalysts to convert
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Autodesk, Inc. announced new funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following this January’s devastating fires across the region. Autodesk is partnering with The Foothill Catalog Foundation (TFCF), a nonprofit organization and network of volunteers creating a first-of-its-kind catalog of modular, pre-approved home designs for survivors of fires in the Los Angeles region. The plans provided through TFCF are expected to reduce architectural and permitting costs for survivors—which can often exceed tens of thousands of dollars—by up to 95%. The plans will also help cut permitting timelines—which can take up to a year—down to a matter of weeks. Autodesk is also funding an AI-powered software tool to supercharge the approval of building permits and speed recovery from the LA Fires, in partnership with Governor Gavin Newsom, LA Rises and other companies. "Our technology powers the industries that are rebuilding Los Angeles — from planning, architecture, engineering, and manufacturing to
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The Digital Twin Consortium® (DTC) announced the first testbeds as part of its Digital Twin Testbed Program. This collaborative member-driven program accelerates development, validation, and implementation, demonstrating digital twin evolution with agentic AI and enabling technologies. By providing unprecedented access to early-stage testbed development, members can model, simulate, integrate, rigorously verify, deploy, and optimize digital twin solutions while collectively advancing the core technologies that power tomorrow’s digital transformation. The Digital Twin Testbed Program implements DTC’s Composability Framework—utilizing the Business Maturity Model, Platform Stack Architecture, and Capabilities Periodic Table—alongside a capabilities-focused maturity assessment framework that incorporates the evaluation of Generative AI, multi-agent systems, and other advanced technologies. “We’re excited to announce these innovative digital twin testbeds,” said Dan Isaacs, GM & CTO of the DTC. “We’re seeing strong interest from members worldwide in participating in our collaborative testbed program. Our members are already utilizing this program to develop further and adopt intelligent and generative
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OpenText announced that it received a 2025 SAP® Pinnacle Award in the Partner Solution Success category, which recognizes its outstanding contributions as an SAP partner. SAP presents these awards annually to the top partners that have excelled in developing and growing their partnership with SAP and helping customers run better. Winners and finalists in 24 categories were chosen based on recommendations from SAP, customer feedback, and performance indicators. “Our premier partner recognition program, the SAP Pinnacle Awards, reflects the outstanding performance and commitment of our partners to deliver customer value, exponential growth, and simplification. The winning partners of this award are recognized for their successful alignment with SAP’s business strategy, delivering innovative AI and cloud services and solutions to help businesses succeed,” said Christian Klein, CEO of SAP SE. “OpenText's continued leadership in SAP solution extensions underscores our role as a trusted partner in helping organizations optimize their SAP investments,” said Mark Barrenechea, CEO
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SEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, announced it has partnered with Purdue University to launch an online course series focused on artificial intelligence (AI) and data analysis techniques for the semiconductor industry. Available through the SEMI University learning platform, the courses were developed to equip semiconductor professionals to integrate AI and data-driven approaches in today’s competitive industry landscape.  The full list of 10 online, self-paced SEMI U AI and data analysis courses in partnership with Purdue University are now available. The courses are taught by industry experts and offer a certificate from Purdue upon successful completion of each course module. “As global demand for semiconductors steadily grows over time, SEMI U is supporting the industry’s workforce needs through its flexible learning platform,” said Shari Liss, Vice President of Global Workforce Development and Initiatives at SEMI. “The rapid evolution of the industry warrants both extensive workforce development efforts as well
Published in Newsletter Articles
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