CIMdata Blog

GibbsCAM, a global innovator in the production machining industry is pleased to announce that Thorsten Strauß has been appointed Vice President of GibbsCAM. Thorsten will report directly to Mathias Johansson, President Design & Planning Automation, Sandvik Manufacturing Solutions, and will help drive business growth, lead collaboration within Sandvik, and oversee the GibbsCAM development promise of Powerfully Simple, Simply Powerful. Thorsten previously held the position of Sales Director for Geomagic Software EMEA & India at OQTON/3D Systems, and brings 25 years of sales experience including 17 years of industrial software sales in both direct and indirect environments. He has managed and coached sales teams and developed channel partners in various geographies around the world. “I am delighted to be joining GibbsCAM and look forward to meeting our team and global reseller network,” said Thorsten. “Working together with Sandvik, we have an exciting opportunity to enhance our development capability and expand our global reach.

AECOM, the world’s trusted infrastructure consulting firm, announced that Troy Rudd, AECOM’s chief executive officer, will participate in a fireside chat at Citi’s 2023 Global Industrial Tech and Mobility Conference on February 21st at 9:40 a.m. Eastern Time. The discussion will focus on the Company’s strategic and financial initiatives that are resulting in its widening competitive advantage and continued long-term value creation for shareholders. A webcast of the fireside chat will be posted online at https://investors.aecom.com/. To view the original press release, please click here. Search for AECOM on CIMdata.com

Honeywell announced that the next installment of its live leadership webcast series for investors will feature a conversation with Honeywell's Anne Madden, senior vice president and general counsel, Suresh Venkatarayalu, senior vice president and chief technology and innovation officer, Evan van Hook, chief sustainability officer, and Gavin Towler, chief technology officer of Performance Materials and Technologies. The discussion will be hosted by Bank of America's Savita Subramanian, head of global ESG research and head of U.S. equity and quantitative strategy, and Andrew Obin, managing director and multi-industry senior analyst, on Monday, March 6, 2023, from 10:00 a.m. - 10:45 a.m. EST. Webcast Details A live webcast of the presentation and any related presentation materials will be available through the Investor Relations section of the company's website (www.honeywell.com/investor). A replay of the webcast will be available for 30 days following the presentation. To view the original press release, please click here. Search for Honeywell on CIMdata.com

Cadence Design Systems, Inc. announced results for the fourth quarter and fiscal year 2022. Cadence reported 2022 revenue of $3.562 billion, compared to revenue of $2.988 billion for 2021. On a GAAP basis, Cadence achieved operating margin of 30 percent and recognized net income of $849 million, or $3.09 per share on a diluted basis, in 2022, compared to operating margin of 26 percent and net income of $696 million, or $2.50 per share on a diluted basis for 2021. Revenue for the fourth quarter of 2022 totaled $900 million, compared to revenue of $773 million for the same period in 2021. Cadence achieved operating margin of 23 percent and recognized net income of $240 million, or $0.88 per share on a diluted basis, in the fourth quarter of 2022, compared to operating margin of 25 percent and net income of $177 million, or $0.63 per share on a diluted basis,

Materialise NV, a leading provider of additive manufacturing and medical software solutions and of sophisticated 3D printing services, announced its financial results for the fourth quarter and full year ended December 31, 2022. Highlights – Fourth Quarter 2022 Total revenue increased 10% to 62,703 kEUR for the fourth quarter of 2022 from 56,989 kEUR for the 2021 period. Adjusted EBITDA amounted to 4,258 kEUR for the fourth quarter of 2022 compared to 10,490 kEUR for the 2021 period. Net loss for the fourth quarter of 2022 was (4,588) kEUR, or (0.08) EUR per diluted share, compared to a profit of 4,762 kEUR, or 0.08 EUR per diluted share, for the 2021 period. Highlights – Full Year 2022 Total revenue increased 13% to 232,023 kEUR for 2022 from 205,450 kEUR for 2021. Total deferred revenues from annual software sales and maintenance fees increased 7,635 kEUR to 42,780 kEUR compared to December 31, 2021. Adjusted EBITDA was 19,014 kEUR for 2022 compared to 32,490 kEUR for

The Nemetschek Group, globally leading software provider for digital transformation in the construction and media sectors, has achieved its revenue and profitability (EBITDA margin) targets for 2022 based on its preliminary figures. The Nemetschek Group therefore continued the profitable course of revenue and earnings growth which has lasted for several years now. The Group’s revenue increased by 17.7% (currency-adjusted: 12.1%) to EUR 801.8 million in the 2022 fiscal year (2021: EUR 681.5 million). The currency-adjusted growth at Group level was therefore within the range of 12% to 14% that was communicated in March 2022. The Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also grew strongly by 15.8% to EUR 257.0 million (previous year: EUR 222.0 million). The EBITDA margin of 32.0% (previous year: 32.6%) was consequently within the target range of 32% to 33%. The fourth quarter was especially influenced by the accelerated transition of our business model to subscription and SaaS offerings, in particularly

ANN ARBOR, Michigan, USA 14 February 2023—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces that Craig Brown, Executive Consultant, will moderate a panel discussion at Future.Industry 2023. The panel discussion, “Exploring Digital Twins: Common Understanding, Challenges, and Business Value,” will bring together thought leaders from different industries who will share insights about real-world Digital Twin projects. Panelists will discuss the common understanding of Digital Twins, show how they overcame challenges before and during their Digital Twin projects, and explain how to identify and include other crucial stakeholders within the company and beyond to maximize business benefits from these types of projects. Future.Industry is a virtual global event that will explore and discuss the latest trends impacting our world. The event will take place on March 8 & 9. To learn more about the event and to register, visit https://events.altair.com/future-industry-2023/.

Manufacturers and plant and machine engineers who want to introduce the ECLASS standard can count on the qualified support of CADENAS as a Gold Partner of ECLASS CADENAS and ECLASS have been working together since 2012 to standardize product data across industries. Now golden times are dawning for the collaboration. CADENAS has reached the status of a Preferred Partner Gold of the association. This title is only awarded to IT service providers with outstanding expertise in implementing the standard. CADENAS has been supporting manufacturers as well as plant and machine engineers in launching ECLASS for years. Services include consulting, both in general and for specific application possibilities, installation of the software, and support during implementation in various IT systems.  Together for high standards CADENAS has been able to demonstrate its expertise in many successfully implemented projects, such as the launch of ECLASS at component manufacturers Phoenix Contact and EATON Corporation. Both companies have prepared their product data in the

CNC Software, LLC, the developers of Mastercam, announced that Liz Shovlin has joined the company as Marketing Director. Mastercam is the world’s most widely used CAM software. Shovlin will lead efforts in support of the brand’s ongoing market expansion and to further develop the company’s position as a global leader in manufacturing technology. Liz Shovlin comes to CNC Software with a wealth of sales and marketing experience, most recently in manufacturing, starting her career working with a Mastercam Reseller. Liz has worked in many different industries and honed her skills as a servant leader with a specialization in strategic direction, digital marketing, and channel management. Based in Greater Philadelphia, Pennsylvania, she joins CNC Software as the Marketing Director to continue to build on Mastercam’s success. “I’m proud to join the Mastercam team at such an exciting time of growth in the organization,” said Shovlin. “I look forward to working closely with colleagues and partners to

Hewlett Packard Enterprise (HPE) announced its intent to launch a new production site in Saudi Arabia to support the development of the Kingdom’s digital economy and meet growing customer demand. With sponsorship, support and participation from the Ministry of Communications and Information Technology, the Ministry of Investment and the Local Content and Government Procurement Authority, HPE will partner with Alfanar, the leading manufacturer and digital solutions provider, to produce models from its market leading compute portfolio in the Kingdom. HPE and Alfanar intend to make a long-term multi-million dollar investment that will support critical national initiatives in the public and private sectors, including education, health, oil and gas, financial services, and manufacturing. The investment will strengthen HPE’s deep rooted commitment to Saudi Arabia which goes back more than 30 years. The project will support the goals of the Saudi Vision 2030 initiative and is predicted to contribute up to $500m to Saudi