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Items filtered by date: November 2024 - CIMdata
ManTech International Corporation has completed the acquisition of Welkin Associates, Ltd., formerly a wholly-owned subsidiary of CSC, for $34 million. ManTech will fund the acquisition from cash on hand. The company expects Welkin to contribute solid growth and operating margins and to be accretive to ManTech's earnings per share in 2015. Headquartered in Chantilly, Virginia, and founded in 1988, Welkin has built a strong, multi-decade legacy of success with its customers across the Intelligence Community and Department of Defense (DoD). Welkin delivers mission-centric services in high-end systems engineering and advanced national security technology and business services. Welkin's contributions to its customers are notable for technical depth and criticality for mission execution. The acquisition strategically positions ManTech to pursue large engineering and support opportunities throughout the Intelligence Community and DoD. The acquisition brings highly skilled employees, virtually all directly supporting intelligence missions. Welkin will become part of ManTech's Mission, Cyber & Intelligence Solutions
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D-Wave Systems is designing and building the world's most advanced quantum computers with help from engineering simulation solutions from ANSYS (NASDAQ: ANSS). This next generation of supercomputers uses quantum mechanics to massively accelerate computation and has the potential to solve some of the most complex computing problems facing organizations today. Conventional computer technology stores information as 0s and 1s, but a quantum computer uses qubits, which can be a 1 or a 0 or both at the same time. This enables quantum computers to consider and manipulate all combinations of bits simultaneously, making quantum computation powerful – and extremely fast. Quantum computing places extreme demands on the operating environment. The system must be isolated from external electromagnetic fields and the temperature must be maintained near absolute zero. Multiphysics simulation is a powerful tool to accurately predict the kinds of environments that can be engineered in the real world. D-Wave is using ANSYS®
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Altair announced today that the company will present its solutions for embedded systems development at PCIM Europe taking place May 19-21, 2015 in Nuremberg, Germany. Technologies to be showcased include the VisSim™ 9.0 product suite, the latest release of Altair's powerful visual language for mathematical modeling, simulation, and model-based embedded systems development.  Live demonstrations and VisSim development thought leaders will be on-hand throughout the event (Booth 7-316) to present how VisSim 9.0 can accelerate model-based design of embedded systems.  Released in March 2015, VisSim 9.0 provides an intuitive visual development environment for increased engineering productivity and broader support for the Texas Instruments (TI) C2000 product family.  Now with deep support for motor control simulation and embedded development on TI C2000 microcontrollers (MCUs), VisSim 9.0 enables control engineers to develop embedded systems 100% graphically without the need to write a single line of C code. "Since the PCIM (Power Conversion Intelligent Motion) show
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Furla, the Italian fashion company of premium leather goods and accessories, has selected Centric Software to provide its product lifecycle management (PLM) software. The company will use the Centric 8 PLM software for fashion, luxury, retail and consumer goods to help execute its international growth plan. Centric 8 will serve as a key component in Furla’s re-design of its product development and supply chain processes. “The Centric PLM software will increase Furla’s efficiency by improving internal and external collaboration with the company’s manufacturing platform and suppliers. Deeper, more comprehensive collaboration among Furla’s style, merchandising and product development teams will assure that on-trend products reach their international markets on-time,” explains Eraldo Poletto, CEO of Furla. “The opportunity to work with the Furla brand – a true expression of authentic Italian style – is an opportunity to make a real difference in the growth of this iconic company known for elegance and creativity,” says Chris Groves, president and
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China Nuclear Power Engineering Co., Ltd. has selected Teamcenter® software from Siemens’ product lifecycle management (PLM) software business to enhance efficiency in nuclear power plant design. CNPE will use Teamcenter to build a uniform and integrated engineering information management system that will serve as the definitive single source of digitalized design data for users across all disciplines, regions and departments. The Teamcenter system will enhance design management efficiency by facilitating instant access to accurate and current information across the CNPE enterprise, providing support for equipment purchasing, engineering installation and system debugging. By laying a solid foundation for delivering digital nuclear power plants, CNPE is setting a strong example in its industry for efficient product development. “The development of nuclear power engineering construction demands advanced digital methods and technological innovation,” said Mr. Gao Fuchun, officer of Information File in China Nuclear Power Engineering. “Siemens has the required knowledge and expertise, along with
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Geometric Ltd. announced its Q4 and annual results for FY 2014-2015 at the board meeting held today. Highlights for financial year ended March 31, 2015 (FY15) The Company’s consolidated revenues rose 0.9% to INR 11,053.01 Mn from INR 10,954.52 Mn last year Dollar revenues stood at USD 180.61 Mn compared to USD 181.39 Mn in previous financial year The Profit after Tax for the year stood at INR 551.63 Mn as against INR 462.43 Mn for FY14 EPS of INR 8.62 for the year as against INR 7.31 in FY14, an 18% YoY Increase Recommended dividend of INR 2.50 on face value of INR 2 per share, by the Board of Directors  Highlights for the quarter ended March 31, 2015 (Q4 FY15) The Company recorded operating revenues of INR 2,679.00 Mn, as against revenues of INR     2,888.89 Mn in the previous quarter, and INR 2,733.62 Mn in the corresponding quarter last year Revenue of Geometric (excluding its joint venture company,
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 Cadence Design Systems, Inc. today announced results for the first quarter of fiscal year 2015. Cadence reported first quarter 2015 revenue of $411 million, compared to revenue of $379 million reported for the same period in 2014. On a GAAP basis, Cadence recognized net income of $36 million, or $0.12 per share on a diluted basis, in the first quarter of 2015, compared to net income of $33 million, or $0.11 per share on a diluted basis, for the same period in 2014. Using the non-GAAP measure defined below, net income in the first quarter of 2015 was $72 million, or $0.23 per share on a diluted basis, as compared to net income of $59 million, or $0.20 per share on a diluted basis, for the same period in 2014. “Cadence continued its excellent record of innovation and execution in the first quarter,” said Lip-Bu Tan, president and chief executive officer. “We
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CGTech will showcase its expanded range of software applications for the aerospace industry on stand Hall 2B, Stand F172, Booth 2, at the Paris Air Show, Le Bourget, Paris on June 15-19, 2015. CGTech’s VERICUT is widely used in aerospace and defense to improve the efficiency of all types of CNC machine tools. VERICUT is CNC machine simulation, verification, and optimization software that enables users to eliminate the process of manually proving-out NC programs. VERICUT simulates all types of CNC machining, including multi axis milling, drilling and trimming of composite parts, water jet cutting, robotic machining and mill/turn centers. VERICUT runs standalone, but can also be integrated with leading CAM systems used in aerospace including Dassault Systemes CATIA, Siemens PLM NX, Delcam PowerMill, and Open Mind HyperMill. Aerospace applications for CNC machine tool suppliers including DMG MORI, Mazak, Starrag, GROB, CMS, and Hermle will be featured. Throughout the show, CGTech will be demonstrating VERICUT
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SimScale today announced the SimScale for Startups Program for startup companies to develop their products better, faster and cheaper. Startup companies now have a way to get started with Computer Aided Engineering (CAE) simulation without making a commitment for thirty to fifty thousand dollars, which usually is cost-prohibitive. The announcement was made as part of a new startup campaign, in which SimScale also launched new online advertising and startup training programs. “The startups that we are working with are creating a wide range of projects, including structural mechanics and thermodynamics designs.” Startup companies will be eligible to receive full access to the SimScale simulation platform, along with one-on-one support for a complimentary startup kickoff project from a SimScale consultant, and ongoing professional support from the SimScale team, all for 170 Euros per month. Additionally, startups will receive SimScale Professional Training to provide startups with hands-on learning to help new users get up
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PROSTEP AG of Darmstadt has signed a partnership agreement with the Japanese specialist for CAD-interoperability, ELYSIUM. The target of the partnership is, in addition to geometry, providing the users with the data translation and transfer service OpenDESC.com with the translation of the features and parametric information of their CAD models. Thus, for the first time, it will be possible to process translated data in all current CAD systems and return them to the production system using the same editing possibilities. The offer is destined for companies who, in Joint Ventures or during globally distributed development projects, cooperate with partners using different CAD systems. It is especially beneficial for small suppliers that have to achieve increasing requirements on data quality but are unable to invest in expensive conversion tools. PROSTEP will completely integrate the tools of ELYSIUM in OpenDESC.com to largely automate the translation of features and parametric information and, thus, be
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