CIMdata Blog

SODA launched SDV Kit, marking a major milestone for the automotive industry. This is the world's first ready-to-use kit for Software Defined Vehicle creation. SODA SDV Kit addresses the automakers critical demand for faster vehicle software engineering amidst shrinking budgets and traditional outsourcing to over 150 suppliers. SDV Kit includes: AI-powered tools to assist engineers from requirements to certification. 200+ ready-to-use vehicle features with requirements, architecture, software and tests. Electrical/Electronic (E/E) architecture with SODA-approved Electronic Control Unit (ECU). Full range of vehicle and systems engineering services to support development needs. SDV Kit empowers automotive innovators to develop vehicle software 2x faster, reducing the time-to-market for new vehicle models with 4x less cost, with no compromise on quality, safety, and security. SDV Kit is made for: Automotive Startups seeking to balance ambitious goals with moderate budgets. Established Automakers aiming to embrace Software Defined Vehicle approach and streamline software engineering processes. Bus Manufacturers needing to meet budget constraints and new regulatory standards. Autonomous Vehicle

Stratasys Ltd., a leader in polymer 3D printing solutions, announced it is launching two new software packages, GrabCAD Streamline Pro™ and a new version of GrabCAD Print Pro™ for PolyJet™. These packages bring the power of Stratasys’ GrabCAD software to additional customers to help increase their efficiency and reduce costs through improved workflows. The first version of GrabCAD Print Pro for FDM and SAF has increased hardware usage amongst some customers by 30-to-50 percent. Customers can better organize the front and backend of moving and processing parts, giving them more opportunity to scale up their additive manufacturing capabilities. They can also accelerate time-to-market by facilitating rapid design iterations and reducing dependency on physical prototyping; reduce costs by eliminating expensive tooling and molds needed for traditional manufacturing; and remove geometric complexities that are not feasible with conventional methods. These new software packages help customers across multiple industries, including automotive, aerospace and healthcare, take advantage of the

Accenture has agreed to acquire Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Terms of the transaction were not disclosed. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, also announced today, which provides Accenture’s clients with comprehensive technology learning and training services that will help them reskill and upskill their people in technology, data and AI to reinvent their organizations and achieve greater business value. Udacity is recognized for its cutting-edge learning approach that emphasizes the acquisition of practitioner-level technical skills. The acquisition will bring to Accenture Udacity’s capabilities in integrating proprietary content, expert services and scalable learning technology while seamlessly bridging the gap between online education and workplace relevance. Since its founding in 2011, Udacity has evolved from primarily consumer-focused to a talent transformation platform bringing customer value

Cadence Design Systems, Inc. announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE’s proven technologies and talent will accelerate Cadence’s Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity. Under the terms of the definitive agreement, Cadence will pay approximately $1.24 billion for the transaction, with 60 percent of the consideration to be paid in cash and 40 percent to be paid through the issuance of Cadence common stock to current BETA CAE shareholders. In conjunction with the transaction, Cadence expects to obtain new debt financing to fund a portion of the cash component of the purchase price. Cadence plans to use free cash flow generated by its existing operations to rapidly pay

Sandvik has completed the previously announced acquisition of Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network. Cimquest will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. Cimquest, founded in 1990, is headquartered in Branchburg, New Jersey, and has 55 employees. In 2023, the company had revenues of around 26 MUSD*. The impact on Sandvik’s EBITA margin will be limited. Impact on earnings per share will be positive. *A limited part of Cimquest revenues in 2023 were to Sandvik-owned Mastercam and will not impact Group total external revenues. To view the original press release, please click here. Search for Sandvik on CIMdata.com Search for Cimquest on CIMdata.com

Autodesk, Inc. announced its executives will be speaking at the following investor conference: March 13, 2024 2024 J.P. Morgan Industrials Conference A live webcast and replay of the presentations will be available through Autodesk’s Investor Relations Website at investors.autodesk.com. Please go to the website 15 minutes early to register, download and install any necessary software. More information will be available on investors.autodesk.com. To view the original press release, please click here. Search for Autodesk on CIMdata.com

Rockwell Automation, Inc. Senior Vice President, Intelligent Devices, Tessa Myers, will present at BofA Global Industrials Conference on Wednesday, March 20, 2024, in London. The fireside chat will be webcast beginning at approximately 2:50 p.m. GMT and will be available on the Rockwell Automation Investor Relations website at www.rockwellautomation.com/en-us/investors.html. To view the original press release, please click here. Search for Rockwell Automation on CIMdata.com

Hyundai motor company named Ansys a preferred supplier of structural simulation solutions for body system analysis that will ultimately support improvements to the safety and comfort of tomorrow’s passengers. Ansys’ strong market strategy, predictive accuracy, and commitment to product development rose above competitive offerings to become Hyundai’s preferred supplier. For automotive companies with well-established product development processes, transitioning from one simulation tool to another demands extensive time and strict evaluation standards. Hyundai benchmark tested multiple simulation solutions over the course of 18 months, exploring areas such as model analysis accuracy, high-performance computing throughput, and future product strategy. Ansys Mechanical, the leading finite element analysis tool, and LS-DYNA, the leading explicit simulation tool for crash safety analysis, outperformed competitors and demonstrated stronger analysis accuracy, better performance in data processing, and a robust future technology development strategy. These high-performance capabilities will be utilized in the analysis of body system durability, stiffness, and strength. “Adopting a new

Siemens Digital Industries Software announced that ION Mobility has used the Siemens Xcelerator portfolio of software and services to bring its breakthrough IONM1-S electric motorbike to market, which will help accelerate the electrification of mobility in Southeast Asia. ION Mobility is an auto-tech company on a mission to create and deliver affordable, desirable, and sustainable mobility for everyone. The state-of-the-art design and precision engineered M1-S motorbike is the culmination of three years of rigorous effort, from a dedicated team of designers, engineers, and technologists across four countries to provide a sustainable urban solution, despite the challenges posed by the pandemic. It offers 150 km range, 4.3 kWh capacity with a less than 3-hours recharge time and a top speed of 105 km/h – all with 26 liters of under the seat storage and the compact agility that is demanded for a city bike. ION Mobility used Siemens’ NX™ software from the Siemens Xcelerator

Oracle Red Bull Racing renewed its partnership with Ansys for three years to remain the most competitive Formula 1 (F1) team in the world. Oracle Red Bull Racing will continue harnessing the power of Ansys technology to improve aerodynamics, manage material data, and ensure structural safety of its cars in the 2024 season and beyond. Ansys simulation solutions helped Oracle Red Bull Racing driver Max Verstappen make history in 2023, winning 21 out of 22 races and leading 1003 laps. He secured the Drivers’ and Constructors’ Championships with a massive 413-point margin, leading Oracle Red Bull Racing’s team to the most dominant season yet. Oracle Red Bull Racing faced new challenges as it prepared for the 2024 season due to spending caps and wind tunnel testing time limits. Because they topped the championship last year, the team was allotted 4200 hours of testing — 300 hours less than the second-place team — for car