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Items filtered by date: November 2024 - CIMdata
Tango, the leading provider of cloud-based real estate and facilities management software solutions, is pleased to announce the appointment of Jon Elliott as its new Chief Executive Officer, effective May 1, 2025. Pranav Tyagi, who founded Tango and served as its leader for 17 years, is stepping down as CEO and will assume the role of Chairman of the Board of Directors where he will continue to support the company’s long-term success in an advisory capacity. This strategic leadership change marks a significant milestone for Tango as it continues to advance its mission to empower the world’s leading companies by providing innovative solutions, data, and expertise to maximize value and impact from their locations. Since its founding in 2008, Tango has achieved remarkable milestones, transitioning from its beginnings as a management consulting firm to becoming a pioneer in the creation of Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM)
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Vertex Software, a leader in cloud-based 3D CAD visualization, announced it has partnered with Snowflake to enable automotive manufacturers, suppliers, and more to unlock the full value of their PLM and CAD investments beyond engineering. As the automotive industry shifts towards a data-driven approach, Vertex is helping leaders transform their business operations. The Vertex 3D Platform eliminates data silos and manages connected vehicle data more effectively through advanced analytics, real-time insights, and secure data collaboration. “Sharing 3D CAD data beyond engineering has always been costly, complex, and slow,” said Dan Murray, CEO of Vertex Software. “Vertex breaks down those barriers—enabling high-fidelity, fit-for-purpose 3D applications that align with PLM systems and integrate seamlessly with Snowflake’s AI Data Cloud. Automotive manufacturers can instantly and securely stream context-aware pixels, not part files—no downloads, specialized hardware, or IP risk. By pairing 3D visualization with AI-driven insights, we’re helping automotive companies accelerate innovation, cut costs, and
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Bluebeam, a leading developer of solutions and services for architecture, engineering and construction (AEC) professionals worldwide and a part of the Nemetschek Group, is hosting its inaugural Unbound conference, taking place September 30 through October 2, 2025, at the Washington Hilton in Washington D.C. This event will bring together the people who design and build our world — to share ideas, solve real-world challenges, and explore new innovations shaping the future of the industry. The conference will be headlined by technology visionary and entrepreneur Steve Wozniak, as well as former Head of Innovation & Creativity at Disney, Duncan Wardle. “Bluebeam is bringing together some of the brightest minds in the AEC and technology industries for Unbound,” said Usman Shuja, CEO at Bluebeam. “Our users are the heart of what we do, and this event is both a celebration of that community and a launchpad for the future of how we build, design and connect. Unbound gives
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COMSOL, a global leader in modeling and simulation software, announced that the COMSOL Conference 2025 tour will make a stop in Amsterdam, the Netherlands, on October 29–31. The COMSOL Conference provides a space for engineers, scientists, and researchers to showcase their modeling and simulation work, exchange ideas, and learn new modeling techniques. "Visiting the COMSOL Conference is extremely inspiring for anyone interested in modeling and simulation," said Martin Wüest, head of sensor technology in the Vacuum Control business unit of INFICON and former COMSOL Conference keynote speaker. "The event offers valuable knowledge, insight into innovative ideas, and an inspiring atmosphere among an engaged community." Program highlights of the 2025 event include: Keynote talks by industry leaders; previous keynote speakers include ASML, Ferrero, and Bowers & Wilkins, among others Interactive presentations by engineers and researchers from different fields Minicourses that help users get the most out of the COMSOL Multiphysics® software and its add-on products Demo stations where attendees
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The ESTECO Users’ Meeting North America 2025 takes place on October 14–15 at Saint John’s Resort in Plymouth, Michigan. The event brings together engineering professionals, industry leaders, and technology experts, offering valuable content for all user types. The two-day event offers a unique opportunity to explore the latest in simulation process integration and optimization through real-world applications, technical insights, and hands-on learning. Whether you're a seasoned user of modeFRONTIER or VOLTA, or exploring how our technologies can enhance your simulation and optimization workflows, this event is tailored for you. You’ll hear how ESTECO Technology is driving innovation and solving complex engineering challenges across various industries directly from leading companies and researchers. The agenda features a mix of user presentations, technical talks, and product updates that offer a comprehensive look at the current trends and future developments. The event also includes practical training sessions led by ESTECO experts, designed to deepen your knowledge and help you make the most of
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Honeywell announced its participation at upcoming investor conferences in May. Mike Stepniak, Senior Vice President and Chief Financial Officer of Honeywell, will present at Bank of America's 2025 Industrials, Transportation, and Airlines Key Leaders Conference in New York City on Tuesday, May 13, 2025, from 8:00 a.m. - 8:35 a.m. EDT. Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, will present at Wolfe Research's 2025 Global Transportation and Industrials Conference in New York City on Tuesday, May 20, 2025, from 2:05 p.m. - 2:35 p.m. EDT. Dave Shilliday, Vice President and General Manager of Advanced Air Mobility, will present virtually at the 3rd Annual Jefferies eVTOL / AAM Summit on Wednesday, May 28, 2025 from 11:20 a.m. - 11:50 a.m. EDT. Real-time audio webcasts of the presentations can be accessed at http://www.honeywell.com/investor, where related materials will be posted prior to the presentations and a replay of the webcasts will be available for 30 days following the presentations. To view the original press release, please click here. Search for Honeywell on CIMdata.com
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Bentley Systems, Incorporated, the infrastructure engineering software company, announced results for the quarter ended March 31, 2025. First Quarter 2025 Results Total revenues were $370.5 million, up 9.7% or 10.9% on a constant currency basis, year-over-year; Subscriptions revenues were $342.3 million, up 11.5% or 12.7% on a constant currency basis, year-over-year; Annualized Recurring Revenues (“ARR”) were $1,319.3 million as of March 31, 2025, compared to $1,186.5 million as of March 31, 2024, representing a constant currency ARR growth rate of 12%; Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 108% for the same period last year; Operating income margin was 31.1%, compared to 27.2% for the same period last year; Adjusted operating income less stock-based compensation expense (“AOI less SBC”) (previously titled Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”)) margin was 34.1%, compared to 33.3% for the same period last year; Net income per diluted share was $0.28, compared to $0.22 for the same period last year; Adjusted net income
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Emerson reported results1 for its second quarter ended March 31, 2025 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 per share of common stock payable June 10, 2025 to stockholders of record on May 16, 2025.  (dollars in millions, except per share) 2024 Q2 2025 Q2 Change Underlying Orders2 4% Net Sales Underlying Sales3 $4,376 $4,432 1% 2% Pretax Earnings Margin $711 16.3% $629 14.2% (210) bps Adjusted Segment EBITA4 Margin $1,139 26.0% $1,240 28.0% 200 bps GAAP Earnings Per Share Adjusted Earnings Per Share5 $0.95 $1.36 $0.86 $1.48 (9)% 9% Operating Cash Flow Free Cash Flow $733 $651 $825 $738 13% 14% Management Commentary “Emerson delivered strong underlying orders in the second quarter with margin expansion and adjusted earnings exceeding our expectations,” said Emerson President and Chief Executive Officer Lal Karsanbhai. “We achieved another quarter of record gross profit and adjusted segment EBITA margins, supported by our Emerson Management System and demonstrating the value customers attribute to our leading technology. Our superior first half performance and ability to navigate the tariff environment give us the confidence to update our 2025 outlook."  Karsanbhai continued, “We have also marked the
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Kontron, a global leader in IoT technology, announced its financial results for the first quarter of 2025, continuing the strong earnings growth seen in previous quarters. Kontron increased its revenue in the first quarter of 2025 by 8.2% year-over-year to EUR 385.4 million (PY: EUR 356.1 million). At the same time, the quality of revenue improved significantly, with the gross margin rising to 44.0%, up from 41.3% in the prior year, resulting in a 15.1% increase in value creation. This substantial rise is due to the growing share of high-margin revenue from the Software + Solutions segment. In Q1 2025, the segment contributed 34.9% of total revenue (PY: 29.8%) with an EBITDA margin of 19.9% (PY: 17.7%). Operating profit (EBITDA) saw particularly strong growth, increasing by 35.6% to EUR 48.0 million (PY: EUR 35.4 million). The EBITDA margin improved significantly to 12.4% (PY: 10.0%). Group earnings after minority interests rose to EUR
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Rockwell Automation, Inc. reported second quarter fiscal 2025 results. "Rockwell delivered another quarter of strong operating performance with sales, margins, and EPS all above our expectations. We saw a healthy intake of orders across most of our lines of business, with total company book-to-bill in-line with our historical average of about 1.0. We also continue to add resiliency to our operations as we navigate a highly dynamic environment. I’m proud of how our employees and partners are working together to position Rockwell as the automation leader of choice for our customers in the U.S. and around the world," said Blake Moret, Chairman and CEO. Fiscal Q2 2025 Financial ResultsFiscal 2025 second quarter reported sales were $2,001 million, down (6)% from $2,126 million in the second quarter of fiscal 2024. Organic sales decreased (4)% and currency translation decreased sales by (2)%. Income before income taxes was $299 million in the second quarter of fiscal
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