CIMdata Blog

Solid software revenue growth in Q4 Q4 Highlights Annual Recurring Revenue increased to MSEK 44.7 (39.8), an annual growth of 12% Net revenue increased to MSEK 18.6 (15.8), of which software revenues were MSEK 13.0 (9.6) EBIT amounted to MSEK -18.5 (-12.1), including development costs of MSEK 16.7 (13.4) Net result amounted to MSEK -18.6 (-1.2) Earnings per share amounted to SEK -1.69 (-0.11) before dilution The financial result for the period reflects the ongoing investment phase for accelerated growth 2022 Highlights Net revenue amounted to MSEK 67.6 (68.9), of which software revenues were MSEK 46.0 (36.4) EBIT amounted to MSEK -64.6 (-39.4), including development costs of MSEK 57.4 (48.5) Net result amounted to MSEK -64.8 (-28.5) Earnings per share amounted to SEK -5.88 (-2.59) before dilution The board proposes that no dividend is paid for the 2022 financial year Comments from the CEOSolid software revenue growth in Q4 Software revenue growth in the fourth quarter amounted to a solid 36% compared to Q4

Velo3D, Inc., a leading additive manufacturing technology company for mission-critical metal parts, announced financial results for its fourth quarter and fiscal year ended December 31, 2022. “We exited the year with a strong fourth quarter performance as we exceeded our revenue forecast, added to our diversified customer base and maintained our technology leadership with the continued, successful ramp up of our Sapphire XC system,” said Benny Buller, CEO of Velo3D. “Overall, 2022 was another important and successful year for Velo3D. Despite a number of challenges, we were able to triple our annual revenue and demonstrate our commitment to innovation by further expanding our range of industry leading products. This success reflects strong execution as well as our ability to capitalize on customer’s increasing deployment of additive manufacturing solutions to produce the high value metal parts they need.” “Specifically, we continue to see strong demand for our Sapphire family of printers as we

3M announced a collaboration with Guardhat, an industry-leading connected safety software company. Given the importance of connectivity as a key ingredient in safety programs, 3M is transferring its Safety Inspection Management (SIM) software to Guardhat. The transition is expected to be completed in mid-2023. In addition to the SIM transition, the two companies will evaluate future opportunities to collaborate by combining 3M’s expertise in personal protection equipment with Guardhat’s leading worker-centric software platform to create connected safety opportunities that aim to keep more frontline workers safe. SIM is a cloud- and mobile-based system that simplifies compliance, helps improve safety and eases work for EHS teams by digitally connecting people, places and PPE. Via mobile apps, RFID tags and barcodes, operations teams gain visibility into equipment status and location, training schedules and requirements, and inspection workflows to keep work moving while keeping people safe. For example, a maintenance crew planning to work at height

The Department of Energy has awarded an exploratory grant to Coreform, a three-time Inc. 5000 company, to develop computer simulation processes that will increase the use of simulation in the advanced tire industry. “Greater use of predictive simulation analysis for advanced tire tread designs will reduce the cost of product development and accelerate the adoption of both electric and self-driving cars,” notes Coreform Chief Strategy Officer Matthew Sederberg. “We anticipate this project will help the tire industry develop new and innovative tread patterns to reduce noise and improve energy efficiency.” Tire wear currently accounts for as much as 4% of the world’s greenhouse gas emissions, according to experts. But developing new tire designs has remained a problem. Innovative tire design improvements often include features so small that existing computer simulation software can take up to 8 weeks to complete a single analysis. Since tires require testing across a range of issues,

DXC Technology, a leading Fortune 500 global technology services company, helped Bridgestone, one of the world's largest tire manufacturers, improve health and safety efficiency in production work by developing a digital environment for employee training. With only four months of operation, the DXC platform, which is based on virtual reality technology, helped the manufacturer to minimize the machine downtime or with low performance during the training period for new operators, since part of the training that was previously performed exclusively on a production machine is now performed on a Virtual Machine, the Virtual Reality Training Project directly impacted productivity, with a 30% reduction in the use of a production machine for training, in addition to helping to reduce the training period by 17%. “These numbers show that the implementation of this solution was the right choice, and we are studying the possibility of taking it to other plants”, comments Rioji Hirokawa,

Hudson County, N.J., announced it is working with Honeywell on the development and implementation of a smart community strategic plan. The project aims to help increase resident engagement, strengthen community resilience, reduce energy consumption, improve public safety and help ease traffic congestion and improve mobility, including safety. The effort with Hudson County is one of the first smart county initiatives in the country aimed at helping to modernize a county's infrastructure to enable a more efficient, more sustainable and resilient community for residents and visitors. "Our goal is for Hudson County to set the standard for a smart and efficient county," said Craig Guy, chief of staff to the Hudson County Executive. "As our community continues to grow, we are looking forward to working with Honeywell to develop and execute a strategic plan that supports our overarching goals and improves the quality of life for everyone in our county." The Hudson County Smart Community initiative

Known for its ground-breaking technological innovations in clinical trials, Medidata, a Dassault Systèmes company, has exceeded 30,000 clinical trials and 9 million study participants. These milestones, achieved together with more than 2,100 global customers and partners, have been fueled by Medidata’s platform and life sciences solutions that power smarter treatments and healthier people, while driving greater access to trials.  “As a patient advocate and study participant, I understand the significance of these milestones,” said Anne Marie Mercurio, research advocate and Medidata Patient Insights Board Chair. “And beyond the numbers and the data, Medidata’s ongoing commitment to infusing the patient voice into trial designs and solutions, is helping to create a better and more inclusive experience for all participants in clinical studies.” Medidata has the deepest, widest platform of pioneering programs including decentralized clinical trials, increasing diversity in clinical studies, and advanced AI solutions for trial design and simulation, site selection, and Synthetic Control

Altair, a global leader in computational science and artificial intelligence (AI), announced that Finnish channel partner CaeTek has expanded into Norway. In addition to Norway, CaeTek offers Altair technology in Finland, Denmark, Iceland, and the Baltic region. The Norwegian branch of CaeTek is supported by cDynamics, a Norwegian consultancy with a strong background in Altair’s software porfolio and structural and hydrodynamics simulation for the marine and telecommunication markets. “We are very happy that CaeTek has expanded into Norway as we continue to make our solutions more accessible around the globe,” said Joakim Lindholm, managing director, Altair Nordics. “The CaeTek team has more than 35 years of experience in product development and will deliver best-in-class knowledge and support for our customers.” “CaeTek’s expansion to Norway accelerates our efforts to offer world-class simulation technology based on proven excellence, quality, and agility in the market,” said Ari Tertsunen, board chairman, CaeTek AS. Since its establishment in 2020, CaeTek’s

ZWSOFT has announced its partnership with Redington, the leading technology aggregator in the Middle East and Africa, for distributing ZWSOFT's software solutions in the region. This collaboration aims to benefit customers by offering them reliable all-in-one CAx (CAD/CAE/CAM) solutions to catalyze the digitalization of AEC and MFG industries across the region.  The partnership will give users in the Middle East and Africa access to ZWSOFT's comprehensive range of products, including ZWCAD, a powerful yet cost-effective CAD software with vertical add-ons that can smooth the collaboration among professionals, boost design efficiency and satisfy the needs for BIM; and ZW3D, powered by self-developed 3D geometric, is an integrated 3D CAD CAM solution for the whole process of product development.  “We are excited about this collaboration with Redington which will help us to serve the local customers from AEC and MFG industries better,” said Johnson He, Middle East & Africa Business Director of ZWSOFT. “We

AVEVA, a global leader in industrial software, has announced Caspar Herzberg as CEO. With more than 25 years of experience in software and industry, Caspar brings a deep understanding of how technology can transform and reshape industries, enabling innovation and driving responsible use of resources. Caspar joined AVEVA in 2021 as Chief Revenue Officer and assumed the role of Chief Operating Officer in 2022. AVEVA has recently been acquired by Schneider Electric, and as AVEVA CEO, he will also be a member of the Schneider Electric Executive Committee. Prior to joining AVEVA, Caspar led all aspects of Schneider Electric’s business in over 80 countries as President, Middle East & Africa. He started his business career at Accenture based out of its London office and worked in extensive digital transformations for the global energy sector. At Cisco, Caspar led sales and services for over ten years, developing smart cities strategies, technology innovation and business master plans for the