CIMdata Blog

Synopsys, Inc. reported results for its fourth quarter and fiscal year 2024. Revenue for the fourth quarter of fiscal year 2024 was $1.636 billion, compared to $1.467 billion for the fourth quarter of fiscal year 2023. Revenue for fiscal year 2024 was $6.127 billion, an increase of approximately 15% from $5.318 billion in fiscal year 2023. "The fourth quarter was a strong finish to a transformational year for Synopsys. We achieved record financial results while doubling down on our strategy with the sale of our Software Integrity business and the pending acquisition of Ansys," said Sassine Ghazi, president and CEO of Synopsys. "Looking ahead, the AI-driven reinvention of compute is accelerating the pace, scale and complexity of technology R&D, which expands our opportunity to solve engineering challenges from silicon to systems." "Continued strong execution drove excellent Q4 results, which exceeded the midpoint of our guidance targets and capped a year of 15% revenue growth for the company," said Shelagh Glaser, CFO

Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the second quarter of fiscal 2025, ended October 31, 2024. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS). “Tecsys delivered strong second-quarter results, marked by major milestones in our SaaS business,” said Peter Brereton, president and CEO at Tecsys. “We crossed some key thresholds as RPO surpassed $200 million and ARR exceeded $100 million, demonstrating the strength of our SaaS strategy and the trust our customers place in us. We are seeing the positive impact of our investments in innovation and customer success, positioning us well to capitalize on emerging opportunities.” Mark Bentler, chief financial officer of Tecsys Inc., added, “Our fiscal 2025 financial performance reflects steady progress across key metrics, with year-to-date SaaS bookings up 20% over last year and our SaaS margins continuing to improve as

Cadac Group proudly announces the launch of its new, managed migration service for Autodesk Construction Cloud®, a portfolio of software and services that combines advanced technology, a builders network and predictive insights for construction teams. Designed for construction professionals, this service streamlines data migration, between BIM 360 and Autodesk® Build or Autodesk® Docs, providing a hands-free experience for users. Effortless migration and no technical expertise required The new service is designed to make data migration easy. With Cadac Group, there’s no need for construction teams to spend time or resources managing complicated migration processes. From start to finish, Cadac Group handles every aspect of the migration, ensuring a smooth transition from BIM 360 to Autodesk Construction Cloud without downtime or disruption to daily operations. “Our goal is to simplify the migration process for construction companies,” said Richard Buijsman, Product Owner Cadac Connect at Cadac. “With our service, users can completely avoid the typical challenges of data

Configit, the global leader in Configuration Lifecycle Management (CLM), today announced the release of Configit Ace® 7 and Quote® 13. Configit Ace® 7 is designed and optimized for SaaS deployment with new significant capabilities that are only available to SaaS customers, while Configit Quote® 13 enables customers to provide error-free quotations for highly complex, multi-hierarchy system solutions. Configit Ace® provides CLM-as-a-Service, a SaaS solution for enterprise-wide management of product variants and configurations throughout the product portfolio’s lifecycle. Configit Quote® adds highly customizable CPQ capabilities for the most complex products. Based on open services and APIs leveraging the power of Microsoft Azure, CLM-as-a-Service establishes a shared source of truth for product configuration data accessible to any user at anytime, anywhere. Configit Ace®7 introduces two new major capabilities: Configit Ace® Thread – A new, hosted repository for saving and retrieving all configurations made by users from multiple front-end applications. The saved configuration information captures the entire lifecycle from as-designed to as-configured

Informatica, a leader in enterprise AI-powered cloud data management, announced a broad innovation agenda addressing its GenAI, Open Table and analytics capabilities built on AWS. The new capabilities will help customers build and deploy a new generation of generative artificial intelligence (GenAI) and analytics applications. The announcements were made at AWS re:Invent, AWS’s annual conference. New developments include blueprints for enterprise-grade GenAI applications and automation recipes for Amazon Bedrock, a fully managed service that provides a single API to access and utilize various high-performing foundation models (FMs) from leading AI companies. Informatica is also a launch partner for Amazon SageMaker Lakehouse. Informatica supports AWS PrivateLink Resource Endpoints for enterprise customers so they can benefit from Informatica’s advanced serverless processing for data integration. Data Management for AI Capabilities for Amazon Bedrock Informatica’s data management capabilities for Amazon Bedrock support GenAI application development and deployment with architectural blueprints and automation recipes that help customers deploy

Logility, a leader in AI-first supply chain management software, announced two AI-native capabilities that will reimagine the way supply chain execution gets done. The first is Intelligent Order Response, an automated order allocation and optimization software application that uses AI to actively scan for and resolve demand-supply imbalances. The second is the next phase of enhancement for Logility’s Continuous Network Optimization capability, which will be expanded to provide AI-powered recommendations for incremental supply chain network adjustments and automate the realignment of the operating model. Both are scheduled to be generally available in the Spring of 2025. As the newest addition to the Logility Decision Intelligence Platform, Intelligent Order Response applies an AI-first approach to automate and optimize order fulfillment based on near-term business goals. Eliminating rigid allocation rules and manual processes, it is designed to intelligently allocate available supply of on-hand and incoming inventory to satisfy demand within a defined business

Contruent, a SaaS company that develops industry-leading lifecycle cost management solutions which enable Owners and Engineering & Construction firms to deliver mega projects with greater precision and speed, announced significant updates to its user experience, featuring a redesigned user interface and new data management tools. “Our mission is to democratize construction software by making technology easy to use for large construction projects,” said Ryan Kubacki, CEO of Contruent. “We’re revolutionizing how these projects are managed by simplifying workflows and making it effortless to bring new users into the process.” Key updates include an enhanced user interface that streamlines workflow initiation, improves project health visibility, provides seamless Enterprise/Project Portfolio navigation and accelerates onboarding with integrated in-app guides and training features. These updates will empower users to learn quickly, work more efficiently, and navigate their data with ease. Building on the elevated User Experience (UX), Contruent is also introducing a Data Warehouse Manager, Calculation Manager

MongoDB, Inc. at AWS re:Invent announced that a new cohort of organizations have joined the MongoDB AI Applications Program (MAAP) ecosystem of leading AI and tech companies. By lending their experience and expertise to MAAP, Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured will offer customers additional integration and solution options, boosting the value customers receive from MAAP. Since it was launched earlier this year, MAAP has already made an impact, helping customers like CentralReach—which provides an AI-powered autism care and intellectual and developmental disabilities (IDD) platform—innovate with AI. The MAAP Center of Excellence Team, a cross-functional group of AI experts at MongoDB, has collaborated with partners and customers across industries to overcome an array of technical challenges, empowering organizations of all sizes to build and deploy AI applications. The expansion of the MongoDB AI Applications Program follows the introduction of vector quantization to MongoDB Atlas Vector Search (which

Building on its pioneering work on business AI for advanced manufacturing, Plataine proudly announces the new release of its revolutionary suite of AI agents, designed to address the complex challenges faced by advanced manufacturers. These intelligent, connected and interoperable agents are packed with manufacturing expertise, and are set to boost factory floor and supply chain productivity on an unprecedented scale. Plataine’s release of its AI Agents suite addresses a wide range of complex workflows and manufacturing challenges, including day-to-day operational scheduling and execution, Able to Promise, Equipped to Deliver, Materials Optimization and Allocation, Tools Management, Supply Chain Integration and others. All agents can operate either in an autonomous or semi-autonomous configurable modes, orchestrating decisions and operations amongst themselves, with other enterprise AI Agents and with the various members of the production team – from senior management to floor operators. Each Agent is set to optimize its own tasks, and the suite is operated in an orchestrated

Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), announces that Sage Copilot is available to early adopters initially in the US and UK on Sage Intacct. As part of a raft of new enhancements and updates for Sage Intacct customers globally, the introduction of this cutting-edge generative AI tool will support customers with actionable insights and intuitive support to help drive productivity and growth. Sage Copilot is one of the first AI-driven tools designed to transform how accounting and finance teams tackle their daily challenges, from quickly highlighting budget variances for proactive management to providing clear, trustworthy answers to critical how-to questions. Sage Copilot empowers users to work smarter and faster, streamlining tasks and uncovering insights that drive meaningful business results. Sage is working closely with customers to deliver on its vision to help organizations drive productivity, accuracy, and compliance, helping SMBs to