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PROSTEP AG recently became a member of the Association for Standardization of Automation and Measuring Systems (ASAM). The leading PLM consulting and software company is thus underscoring its readiness to become involved in the work performed by committees in new business areas like autonomous driving and help develop the necessary standards. All standardization-related activities for the digital validation of autonomous driving functions converge at national level in ASAM. The standards provide the basis for uniform methods and tool chains for the validation and verification of highly automated (Level 4) and autonomous (Level 5) vehicles in urban environments, which are being...

The automotive industry is motoring ahead of its peers in terms of smart factory adoption and is set to increase investment by over 60% in the next three years, resulting in productivity gains of more than $160bn, according to a new research report from The Capgemini Research Institute.

The “How automotive organizations can maximize the smart factory potential”report tracks deployment of smart factories by automotive Original Equipment Manufacturers (OEMs) and suppliers in 2019, compared to equivalent research from 2017/18. It found that both projected investment levels and productivity gains...

SAP SE announced a maintenance commitment for SAP S/4HANA until the end of 2040. At the same time, SAP will provide mainstream maintenance for core applications of SAP Business Suite 7 software* until the end of 2027 followed by optional extended maintenance until the end of 2030.

“Our customers show us that SAP S/4HANA is their future direction and that they expect a long-term commitment from SAP to this platform,” said Christian Klein, Co-CEO and Member of the Executive Board, SAP SE. “We know that our customers have deep business transformations underway using...

Lectra is proud to announce that Vilmers has chosen to add a second Furniture On Demand by Lectra solution to its suite of Lectra technology. Gains in time savings due to direct integration between the ERP system and the cutting room, as well as improvements in efficiency and waste reduction were key factors in the company’s decision.

Founded in 1997, Vilmers initially mass-produced leather furniture. The company’s decision to transition to producing modular, fabric sofa systems has yielded tremendous success, with annual revenue growth of 25%. Vilmers’s customers—primarily in the Scandinavian, Benelux and French markets—can choose from...

ebebek, the Turkish mother-and-baby retailer, has selected Centric Software®‘s Product Lifecycle Management (PLM) solution, marking Centric Software’s expansion into Turkey. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury, consumer goods and home décor companies to achieve strategic and operational digital transformation goals.

Based in Istanbul, ebebek covers all the needs of mother and baby with quality products, friendly staff, high service standards and affordable prices. ebebek sells clothing, food and drink accessories, skincare, toys and more through its e-commerce site and chain of 150+ stores across Turkey.

ebebek is growing...

According to preliminary figures, the Nemetschek Group had an extremely successful 2019 financial year with marked double-digit revenue growth and over-proportional increase in earnings. The ambitious revenue and profitability targets (EBITDA margin) for 2019 were even exceeded slightly.

In the 2019 financial year, Group revenue rose by 20.7% to EUR 556.9 million (2018: EUR 461.3 million). Group revenue was thus slightly higher than the forecast corridor of EUR 540 to 550 million. Currency-adjusted, it was possible to increase total revenue by 18.0%. Throughout all four quarters, the software group demonstrated its capacity for sustainable growth with double-digit rates of increase. The rise in revenue is attributable...

Net sales increased by 2 per cent to 1,058.9 MEUR (1,043.0). Using fixed exchange rates and a comparable group structure (organic growth), net sales decreased by -2 per cent

Operating earnings (EBIT1) increased by 2 per cent to 277.0 MEUR (270.7)

 Earnings before taxes, excluding non-recurring items, amounted to 271.1 MEUR (265.4)

 Net earnings, excluding non-recurring items, amounted to 222.3 MEUR (217.6)

 Earnings per share, excluding non-recurring items, amounted to 0.60 EUR (0.60)

 Operating cash flow, excluding non-recurring items, decreased to 234.4 MEUR (267.6)

 The Board of Directors...

Fujitsu announced that it has been named to FORTUNE Magazine's 2020 list of "World's Most Admired Companies" for the second year in a row.

This year, 680 companies were nominated from 30 countries as the "World's Most Admired Companies," of which 330 were selected (15 of which were Japanese companies). Fujitsu was selected in the category for the IT Services industry and was highly-evaluated in areas including Global Competitiveness, Social Responsibility and Innovation.

Conducted through a partnership between Fortune Magazine and Korn Ferry(1), the annually published "World's Most Admired Companies" list...

Infor announced that an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. At the close of the transaction, Infor will become a standalone subsidiary of Koch Industries, and will continue to be operated by the company’s current management team from its headquarters in New York City.

In addition to being a key enterprise customer, Koch has been an investor in Infor since 2017. With the strength of...

Atos announced the completion of its acquisition of Maven Wave, a U.S.-based cloud and technology consulting firm specialized in delivering digital transformation solutions for large enterprises. With this acquisition, Atos reinforces its global leadership in cloud-solutions for applications, data analytics and machine learning in hybrid and multi-cloud platforms.

After being awarded the Google Cloud Breakthrough Partner of the Year in 2019, Atos continues to build its Google Cloud solutions capabilities, notably by welcoming more than 330 Maven Wave employees, recognized as some of the best teams globally. The company now holds ten Google specializations and is recognized as...