CIMdata Blog

Bricsys ®, a global design software company, is delighted to formally announce a strategic distribution partnership with ARK Infosolutions Pvt. Ltd for the BricsCAD ® suite of design products. This agreement marks a significant development in the availability of Bricsys' flagship product, BricsCAD to a broader spectrum of design software users. BricsCAD ® , an integrated DWG-based platform, unifies 2D drafting, 3D modeling, mechanical design, and building information modeling (BIM) in a single, cohesive environment. This integrative solution simplifies the design process. By reducing the reliance on disparate software tools, BricsCAD minimizes costs and optimizes workflow efficiency. Bricsys ® 24/7 is a cloud-based common data environment for document management and workflow automation. It offers role-based security and unlimited users to help ensure that the right document is in the right hands at the right time. As a prominent distributor in the design software domain, ARK Infosolutions Pvt. Ltd. is broadening its offerings by incorporating Bricsys ® design and collaboration solutions into its product offering. This partnership underlines ARK's ongoing dedication to

CloudNC, a UK-based manufacturing technology company, has expanded its software engineering capacity, thanks to a new partnership with HTEC, a global end-to-end digital product development and engineering services company. Under the terms of the agreement, CloudNC gains access to a team of experienced engineers, giving the company additional expertise to more quickly integrate its software solutions, such as CAM Assist, with additional CAM packages and wider technology platforms. This supports CloudNC’s mission to meet a broader range of customer needs, accelerate the launch of new products in the market, and solidify its competitive position, setting the foundation for additional growth. Dr Andy Cheadle, Chief Technology Officer at CloudNC, said: “Hiring for skilled engineers and developers is an ongoing challenge for all UK tech companies, given the high demand and the competitive landscape. Partnering with HTEC gives us greater flexibility, enabling us to quickly scale-up and avoid many common talent acquisition challenges, helping

Contruent, the SaaS company that develops industry-leading project controls software solutions which enable owners and EPCs to build mega-construction projects with greater precision and speed, announced the addition of Joe Freda to the Board of Directors. Freda joins the Board with over three decades of extensive experience in the software industry. Most recently, Freda served as Chief Financial Officer at Flexera, where during his 12-year tenure the company transitioned to a SaaS leader and increased revenue 4x and enterprise value 14x. Additionally, Freda has directed financial and legal diligence, as well as business integration efforts for 12 M&A transactions. “I am thrilled to welcome Joe to the Board,” said Contruent CEO Ryan Kubacki. “Joe’s exceptional leadership has consistently delivered remarkable results for organizations. We are fortunate to have his expertise, as we continue to grow, innovate, and achieve our ambitious goals of winning for our team, customers, and investors.” Freda joins following a

The Digital Twin Consortium® announced that Implexus Lab has joined the consortium. As a startup creating digital twin solutions for international government facilities, laboratories, and research centers, Implexus joined the DTC for knowledge sharing and to learn from other members of the consortium. “We welcome Implexus to the DTC,” said Dan Isaacs, GM & CTO, DTC. “Their knowledge of visualization and artificial intelligence will be very valuable as we work together to advance the use of digital twins in the built environment.” “We are honored to be a part of the consortium, which is not only a resource for the community, but through its members, is setting the standards for high-quality digital twins in the industry,” said Sarah Causey, CEO & Co-Founder, Implexus. “Implexus is excited to be a part of the broader global community developing the digital twin sector.” To view the original press release, please click here. Search for Digital Twin Consortium on CIMdata.com Search for

Inceptra LLC, a global Product Lifecycle Management (PLM) and Manufacturing System solution provider is excited to announce the launch of Inceptra Global Services Pvt. Ltd. (Inceptra Global Services India) based in Pune, India. As Inceptra is a leading provider of the Dassault Systèmes 3DEXPERIENCE platform, the launch of Inceptra Professional Services India further solidifies Inceptra’s position as an industry leader in implementing the 3DEXPERIENCE platform.  With many of Inceptra’s over 1,700 customers using the 3DEXPERIENCE platform, the addition of this new business unit adds a significant amount of knowledge, experience, and capacity to support Inceptra’s growing 3DEXPERIENCE platform customer base.  “As a Dassault Systèmes Platinum Partner dedicated to the 3DEXPERIENCE platform, it is not only important to have the right knowledge and experience to implement the platform but also the necessary resources available to support all of our customer’s 3DEXPERIENCE platform projects.” said Dan Smith, President, and CTO of Inceptra. “Having worked with over one hundred Inceptra customers in realizing their 3DEXPERIENCE

CoreLogic®, a leading global provider of property data and analytics, has announced the promotion of Kevin Greene to Executive, GM Real Estate Solutions, leading the Real Estate business. In this new capacity, Kevin will spearhead the product and go-to-market vision, strategy and lead client relationships with an emphasis on amplifying CoreLogic’s commitment to MLS clients as they serve the needs of 1.5M Real estate agents in North America. He will report to Devi Mateti, President of the Enterprise Digital Solutions team. Kevin brings over two decades of industry experience. He joined CoreLogic in 2016 and has held instrumental roles in strategic leadership and sales capacities, demonstrating dedication and expertise. Most recently, Kevin served as the head of the sales team for the Real Estate business segment, where he cultivated deep relationships with key MLS clients and partners. Prior to his tenure at CoreLogic, Kevin held leadership positions in a number of real estate

LTIMindtree, a global technology consulting and digital solutions company, announced that it has joined the IBM Quantum Network to explore quantum computing innovation for the benefit of its global clientele across multiple industries. LTIMindtree is the first Indian Global System Integrator (GSI) to join the IBM Quantum Network. LTIMindtree will also collaborate with the Indian Institute of Technology (IIT) Madras, which is also an IBM Quantum Innovation Center, on joint quantum research and workforce development. Scott Crowder, Vice President of IBM Quantum Adoption and Business Development, said, “We are excited to welcome LTIMindtree into the IBM Quantum Network and to help them explore the benefits of quantum computing, both for their internal teams and in solutions for their clients. We are also looking forward to providing technology support for LTIMindtree’s joint research and educational engagements with IIT-Madras, our first IBM Quantum Innovation Center in India.” As part of the IBM Quantum Network, LTIMindtree

3D Systems Corporation announced its financial results for the fourth quarter and full year ended December 31, 2023.  Fourth Quarter Financial Results (Unaudited) (All numbers are unaudited and are presented in thousands, except per share amounts or otherwise noted) Q4 2023 revenue of $114,848 decreased13.5% compared to Q4 2022 due to significant softness in dental orthodontics and depressed printer sales from delayed customer capex investments Q4 2023 gross profit margin of 40.4% and Non-GAAP gross profit margin(1) of 41.9%. Non-GAAP gross profit margin represents an increase from prior year primarily driven by product mix  Q4 2023 Net loss of $300,412, diluted loss per share of $2.30, primarily driven by the non-cash impairment of goodwill and other intangible assets, and Non-GAAP diluted loss per share(1) was $0.11 Q4 2023 Adjusted EBITDA(1) decreased by $7,452 to a loss of $12,260, primarily driven by lower revenue and an increase in operating expenses associated with investments in Regenerative Medicine and a short-term increase

FARO® Technologies, Inc., a global leader in 4D digital reality solutions, announced its financial results for the fourth quarter and full year ended December 31, 2023. "We are pleased with our improved financial performance and remain excited about the long term prospects of our integrated hardware and software solutions strategy to create customer value in our core markets," said Peter Lau, President & Chief Executive Officer. "GAAP EPS of $0.08 and non-GAAP EPS of $0.36 exceeded the high end of our guidance range. GAAP net income of $1.6 million and Adjusted EBITDA of $13.2 million, an increase of 12% year over year, attributed to higher than anticipated revenue and continued improvement in operational execution. We also expanded our cash position by generating $18.7 million of operating cash flow in the quarter, driven by profitability and efficiencies in working capital." Fourth Quarter 2023 Financial Summary Total sales of $98.8 million, down 5% year over year Gross margin of 50.9%, compared to 49.1% in the prior year period Non-GAAP

Keynote presentation will focus on how to derive value from the digital thread through the application of artificial intelligence. Ann Arbor, Michigan, USA 28 February 2024—CIMdata, Inc., the leading global research, consulting, and education firm specializing in Product Lifecycle Management (PLM) and the Digital Transformation it enables, announces that its President and CEO, Peter Bilello, will deliver the keynote address at Sinequa’s Manufacturing Executive Summit. The Summit will take place virtually on 7 March. Peter’s presentation, “Extracting Insight from the Digital Thread: AI-Related Trends & Enablers,” is open to all. Today, everything is about digital transformation, but many companies appear to have forgotten that data lies at the heart of all digital endeavors. Companies risk failing in their digital initiatives without the proper understanding, appreciation, and management of data. Ultimately, they must ensure that the relevant data is always valid and available. This also means that users can find the appropriate data