CIMdata Blog

This presentation is part of CIMdata’s educational webinar series. ANN ARBOR, Michigan, USA 12 March 2024—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free educational webinar, “How Software & Electronics are Transforming Product Engineering.” This insightful webinar will take place on Thursday, 11 April 2024, at 11:00 a.m. (EDT) and will last for one hour. Products of all kinds are becoming much more complex. This is characterized by increasingly intricate autonomous operations and the need to improve environmental impact. The integration of electronic components is driving the rapid advancement of affordable sensing capabilities into products. For this to be achievable, virtual engineering strategies require the support of a digitalized ecosystem that understands a mechanical structure point of view (PDM) and an application management view (ALM). Combining these aspects leads to systems operations with continuous feedback supporting product upgrades after mass production. This webinar will present the

Anark Corporation (Anark) announced that :em engineering methods AG (:em) has entered a technology partnership with Anark to develop MBSE collaboration solutions on the Anark content collaboration platform for manufacturers. Model-based Systems Engineering (MBSE) includes a variety of data that is typically inaccessible in specialized formats and data management systems. As part of this expanded partnership :em is developing MBSE solutions to make this data accessible and actionable for everyone. The result will further eliminate collaboration gaps and the invisible work that results in slow development cycle time, hidden manufacturing costs, poor supplier performance and low customer satisfaction. :em intends to extend Anark’s collaboration platform to include their Digital Data Package (DDP) Manager support for engineering and manufacturing data types such as product requirements (e.g. ReqIF), system models (e.g. SysML), simulation data (e.g. FMI / FMU), quality inspection (e.g. QIF, I++), manufacturing automation (e.g. AutomationML) and more (e.g. AAS Asset Administration

Accenture has completed its acquisition of GemSeek, a leading customer experience analytics provider helping global businesses understand customers through insights, analytics and AI-powered predictive models. The acquisition underscores ongoing investment by Accenture Song—the world’s largest tech-powered creative group—in data and AI capabilities to help clients grow their business and sustain relevance with customers. The acquisition of GemSeek previously announced on February 20, 2024, adds over 170 people to Accenture Song, bringing expertise in advanced analytics and customer experience program management, along with proprietary technologies. Founded in 2011, GemSeek helps clients across several industries—including telecommunications, healthcare, consumer goods, and financial services—realize the full potential of their customer experience programs, cultivate enduring customer relationships, and improve revenues and operational efficiencies. As Accenture Song continues to enhance customer offerings for clients, the acquisition of GemSeek will help clients achieve growth and greater relevance amongst customers. To view the original press release, please click here. Search for Accenture on CIMdata.com Search for

The National Association of Manufacturers announced that Patricia Hume, CEO of Canvas GFX, has been named to the NAM Board of Directors. Hume will join the NAM Board to bolster the association’s leadership in policy advocacy, legal action, workforce solutions and operational excellence. She will help the industry advance a manufacturing competitiveness agenda that promotes opportunity and prosperity for all Americans. Founded in 1895, the NAM, guided by its Board of Directors, is the largest industrial trade association in the United States. The NAM is the nation’s most influential manufacturing advocate, and its membership includes some of the world’s most iconic brands and many of the small manufacturers that power the U.S. economy. Approximately 90% of the NAM’s members are small and medium-sized businesses. Executives on the NAM Board, which comprises leaders representing companies of all sizes in every industrial sector, are the driving force behind the NAM’s efforts. The NAM is a one-stop

IFS, the global cloud enterprise software company, announced the winners of its third annual Change for Good Sustainability Awards. The awards aim to honour outstanding achievements in sustainability within the IFS global customer network, celebrating those who demonstrate a commitment to sustainable practices and make a significant impact through the work they do. Winners included Bugaboo International, the Amsterdam-based developer of a range of award-winning strollers and parenting solutions, and International Maritime Industries (IMI), the largest integrated, full service maritime yard in the Middle East and North Africa (MENA) region.  This year, a panel of expert judges, including Sophie Graham, Chief Sustainability Officer at IFS, and Jacqueline de Rojas, President of Digital Leaders, IFS Board of Directors member and techUK board member, evaluated nominations from around the world. Bugaboo International won the award following its recent ‘Push to Zero’ commitment to be net zero by 2035. Bugaboo has teamed up with GoodShipping, the

Kennametal Inc. announced that it has joined ModuleWorks’ Strategic Partner Program. This program is a collective commitment to driving intelligent and integrated digital manufacturing solutions. Kennametal joins a variety of industry leaders in this program, such as Mitsubishi Electric, Autodesk, PTC and DMG Mori, among others.  Joining the Strategic Partner Program supports Kennametal’s strategic growth initiatives, especially improving service to small and medium General Engineering shops and builds on the company’s capabilities for online tool selection, simulation and tooling packages.  “This partnership combines our robust application knowledge and materials science expertise with ModuleWorks’ industry-leading software to deliver solutions that are technologically advanced and user-friendly, further supporting the evolving needs of our customers,” said Sanjay Chowbey, President of Metal Cutting.    Kennametal’s focus on the CAM market also addresses customer challenges, including the evolving workforce, creating a greater need for technical support helping customers machine with greater precision and efficiency while effectively reducing costs.  Dr. Yavuz Murtezaoglu, Founder

Blackline Safety Corp., a global leader in connected safety technology, announced it will attend the 36th Annual Roth Conference being held on March 17 – 19, 2024 in Dana Point, California. The three-day conference is taking place at The Ritz-Carlton Laguna Niguel in Dana Point. The conference consists of one-on-one meetings, private and public company presentations, fireside chats, and thematic and industry panels. Companies attending the conference come from a variety of growth sectors including technology, industrial growth, sustainability and energy.  Blackline Safety leadership will attend the conference on Monday, March 18 and Tuesday, March 19 to meet with institutional investors for one-on-one meetings. During the meetings, the Company will discuss its innovative connected safety technology solutions, attractive hardware-enabled software-as-a-service business model, and future opportunities following a transformational past fiscal year. Institutional investors wishing to attend the conference and schedule meetings with Blackline Safety leadership should register by visiting https://ibn.fm/Roth2024Registration or by contacting their Roth MKM representative.  To view the original press

Xtep Group, the Chinese sportswear company, has awarded Centric Software the 2023 Outstanding Service Provider of the Year Award. Centric Software® provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care and consumer electronics to achieve strategic and operational digital transformation goals. Xtep International Holdings Limited (Xtep Group) is a leading multi-brand sportswear company involved in the design, development, manufacturing, sales, marketing and brand management of sports footwear, apparel and accessories. With a diverse brand portfolio encompassing the core Xtep brand, K-Swiss, Palladium, Saucony and Merrell, the Group has an extensive global distribution network of more than 8,200 stores in Asia-Pacific, North America and EMEA. Xtep Group selected Centric Software in 2018 and successively implemented Centric PLM™ projects at the Xtep brand, followed by a project at Saucony brand in

Markforged Holding Corporation (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Results Compared To Fourth Quarter 2022 Revenue was $24.2 million, up 20.4% sequentially from the third quarter of 2023, and down from $29.7 million in the fourth quarter of 2022. Gross margin was 48.4% compared to 46.9%. Non-GAAP gross margin was 49.5% compared to 47.5%. Operating expenses were $31.1 million, inclusive of an increase in the fair value estimate of an acquisition earnout of $0.9 million, compared to $33.2 million. Non-GAAP operating expenses were $24.9 million compared to $29.4 million. Net loss was $14.2 million compared to net loss of $10.7 million. Non-GAAP net loss was $11.6 million compared to a loss of $13.3 million. Cash, cash equivalents, and short-term investments were $116.9 million as of December 31, 2023 compared to

Graphisoft, the leading Building Information Modeling (BIM) software solutions developer for architecture and engineering, signed a three-year Memorandum of Understanding (MOU) with the Singapore Institute of Architects (SIA). The MOU signifies a shared commitment between Graphisoft and SIA to launch collaborative initiatives to elevate Singapore-based architects' digital capabilities. The primary goals of the agreement are to increase local Building Information Modeling (BIM) expertise, enhance the technology's regional adoption, and prepare the architectural community for CORENET X, the digital platform for BIM submission in Singapore. The MOU was signed by Mr. Edmund Lau, Managing Director of Graphisoft in Singapore; Ar Melvin Tan, President of SIA; and Mr. Dennis Ng, Executive Director of SIA. The strategic partnership program includes collaboration in the following areas: Expert support of and participation in SIA's knowledge-sharing seminars and similar professional events, including introductory sessions with a hands-on approach toward improving BIM literacy and competency. Support and participation in continued