CIMdata Blog

About FATIQFATIQ is a standalone software, dedicated to fatigue life prediction analyses. It's an easy and streamlined path to setup, run, and results review for fatigue analyses, that eliminates the bottlenecks faced with the use of other software. By delivering this new software, we offer a complete platform for the thorough assessment of the longevity of structures, while removing the complexity in doing so. FATIQ is offered as part of the BETA CAE Systems suite. Discover FATIQFATIQ effectively allows the study of the longevity of structures, by providing a stepwise workflow manager, and a comprehensive portfolio of tools for the preparation of models for multiple analyses and tasks. It supports the input of FE results from various solvers, and offers intuitive interactive post-processing capabilities, for fatigue life prediction in frequency and time domain. Notable features Process facilitation through analysis specific-workflows. Multiple events analysis with little interaction. Broad range of supported formats. Powerful material database and assignment capabilities. Single and

Configurable 3D CAD models of the stand-alone hydraulic propulsion system CytroMotion are available for download The companies CADENAS and Bosch Rexroth are working together since many years to provide the manufacturers‘ customers valuable planning data of drive and control technology. Thanks to the cooperation, designers can now configurate the product innovation CytroMotion online and download it as 3D CAD model. During the german trade fair Hannover Messe 2022, Bosch Rexroth AG has introduced the product innovation CytroMotion and the related generating of 3D CAD models, which is based on CADENAS‘ technology. CytroMotion is a new and stand-alone axis in a compact design with an only electric actuator. It captivates by simple engineering and initial operation, a energy efficient and noiseless operating as well as a long and low-maintenance working life. Depending on the specific use case, CytroMotion can be speced with different motors, cylinders and pumps. Bosch Rexroth and CADENAS developed a

Actify, the leading provider of visualization and program management solutions for the automotive supply chain, is proud to announce that the company has received its Service Organization Control (SOC) 2 Type 2 attestation report. As companies increasingly use outside vendors to perform activities that are core to their business operations and strategy, there is a need for more trust and transparency into cloud service providers’ operations, processes, and results. Actify’s receipt of the SOC 2 Type 2 attestation report objectively certifies the company’s controls to ensure the continuous security of customer data. Actify also complies with GDPR protocols for the protection of customer information and privacy. To support SOC 2 compliance, Actify uses an automation platform to continuously monitor 100+ security controls across the organization. Automated alerts and evidence collection allow the company to confidently prove its security and compliance posture any day of the year while fostering a security-first mindset and

Dassault Systèmes and IBM announced an extension of their long-standing collaboration with the signature of a memorandum of understanding combining their technologies to address the sustainability challenges affecting asset-intensive industries. In 2022, sustainability was identified by 58% of Energy and Resources CEOs as their greatest challenge, with 51% of them also considering it as a business opportunity that will drive growth. At the same time, 44% of CEOs cited a lack of insights from data as a problem. (Source: IBV 2022 CEO - Energy & Resources insights) Today companies are confronted with not only rising energy prices but also supply chain and operational disruptions. These disruptions are due to multiple factors including geopolitical situations, an aging workforce, and climate-related risks. In response to these challenges, deploying new infrastructure quickly and efficiently as well as optimizing the operations of existing assets and extending their lifecycle is crucial.  A company’s ability to harness actionable,

Coreform LLC, developer of next-generation CAE software, welcomes Dr. Michael Scott as president. Dr. Michael A. Scott, one of the most influential leaders and researchers in the field of isogeometric analysis, recently announced that he is leaving a tenured professorship at Brigham Young University to join Corefrom LLC full time as President. Dr. Scott, who co-founded Coreform in his research lab in 2014, has appeared on the Clarivate list of highly cited researchers every year since 2016 for his work on isogeometric analysis. “Now is the right time to make this move,” Dr. Scott said. “Coreform has developed the world’s first native isogeometric analysis solver for general commercial use and is ready to move on to its next phase of growth. I’m looking forward to leading the team through this exciting time.” Coreform was incorporated to develop isogeometric analysis, a form of computer simulation that is more efficient and accurate than traditional computer

FARO®, a global leader of 3D measurement, imaging and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets, announced the appointment of Jawad Ahsan to its Board of Directors effective February 1, 2023, the planned retirement of long-time Board member, Stephen Cole, and the appointment of Alex Davern as the Chair of the Company's Audit Committee in connection with Mr. Cole's upcoming retirement. Mr. Ahsan has held numerous senior financial leadership positions at General Electric Company (NYSE: GE) and most recently as the Chief Financial Officer of Axon Enterprises, Inc. (Nasdaq: AXON), where he was instrumental in Axon's successful transition to providing hardware-software solutions. "I'm pleased to welcome Jawad to FARO's Board of Directors" said Michael Burger, FARO's Chief Executive Officer. "Axon's successful transition from a hardware focused company to a hardware enabled solutions company is very similar to the strategic transition we have initiated at FARO. His experience and counsel will be invaluable as we continue our journey." Mr. Ahsan's appointment

Siemens Digital Industries Software today announced the opening of eXplore Live at The Smart Factory @ Wichita, an experience center convened by Deloitte that marries an ecosystem of world-leading organizations with business strategy and cutting-edge technology to demonstrate Industry 4.0. Located on Wichita State University’s Innovation Campus, The Smart Factory includes a fully operational production line and experiential labs for developing and exploring innovative capabilities of smart manufacturing. A founding member of The Smart Factory @ Wichita along with Deloitte and other ecosystem members, Siemens developed the eXplore Live space as a 3,000 square-foot area dedicated to hands-on learning opportunities for companies looking to modernize, reshore, localize, or regionalize their operations in North America. The eXplore Live space will enable Siemens to expand customer engagements at The Smart Factory @ Wichita with a showcase focused on design and optimization using a closed loop digital twin. It will also enable exploration of

Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b. and previously announced charges of SEK -4.0 b., including DOJ provision, IoT divestment and Cloud Software and Services contract and portfolio exits. Group organic sales[1] grew by 1% YoY., of which IPR revenues contributed with 5 percentage points. Reported sales were SEK 86.0 (71.3) b. of which Vonage contributed SEK 4.1 b. Gross income increased to SEK 35.6 (30.8) b., while gross margin decreased to 41.4% (43.2%) primarily due to business mix change in Networks and previously announced charges for contract exits and portfolio adjustments in Cloud Software and Services.  EBITA excluding restructuring charges amounted to SEK 9.3 (12.8) b. with an EBITA margin of 10.8% (17.9%). EBITA was impacted by the previously announced charges. Free cash flow before M&A was SEK 16.9 (13.5) b. mainly driven by reduced inventory and high cash collection

L&T Technology Services Limited, India’s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2022. Highlights for Q3FY23 include: Revenue at ₹20,486 million; growth of 21% YoY USD Revenue at $248 million; growth of 14% YoY in constant currency EBIT margin at 18.7% Net profit at ₹3,036 million; growth of 22% YoY During the quarter, LTTS won five USD 10 million plus TCV deals and a significant empanelment with Airbus in digital manufacturing. “Our double-digit revenue growth momentum continued in the third quarter led by Transportation and Industrial Products. Three of the five USD 10 million plus deal wins in Q3 were from Industrial Products on the back of our differentiated capabilities such as digital twin and sustainability driven product development. We reported a record high EBIT margin of 18.7% in Q3 which helped us cross the milestone of INR 300 crore in quarterly profits. This demonstrates our continuing endeavor for shareholder value creation. We also crossed 1,000 patent filings, reflecting the

LTIMindtree, a global technology consulting and digital solutions company, announced its consolidated results for the third quarter ended December 31, 2022, as approved by its Board of directors. “We are pleased to report a strong Q3 FY23, our first as LTIMindtree,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. “The combined entity has started out with a USD 1 billion quarterly revenue run rate, a top-quartile constant currency year-over-year revenue growth of 16.3%, and a robust order inflow of USD 1.25 billion. Our performance speaks to our steadfast client focus through the merger and our resilient client and solutions portfolio. Clients across sectors are evincing keen interest in our unique value proposition spanning core to experience to edge. The client imperative to dial up technology-led innovation for future-readiness holds significant long-term upside for our full-stack offerings and cross-industry exposure, boosting our endeavour to deliver industry-leading revenue growth in the