CIMdata Blog

IFS, the global cloud enterprise software company, announced that it has appointed Merlin Knott as President of the IFS Enterprise Service Management business. The appointment signals the company’s commitment to customer success and growth through new routes-to-market, reflecting the opportunity and value enterprise service management presents. Following a career leading high-growth enterprise software channel organizations and regional teams including SAP, Cura Software, and MicroStrategy, Knott joined IFS in 2019 to run IFS’s strategically important global Partner and Channel organization. Under his leadership, IFS Partners grew to contribute over 40% of software license revenue and become an ecosystem that helped propel IFS’s growth trajectory.  In his new role leading the IFS assyst team, Knott will continue to focus on supporting our global customer base. He will bring a new dimension to what IFS assyst can offer customers across the IFS eco-system by commercializing IFS’s full suite of service offerings. IFS assyst transforms how businesses

Kubotek Kosmos has been admitted as a member of prostep ivip, a Germany-based international standards organization focused on product data management (PDM) and other digital transformation affecting manufacturers and suppliers. As a developer of software technologies that enables practical use of precise 3D models regardless of their native platforms, Kubotek Kosmos is naturally aligned with the goals of this organization which seeks to establish platform-independent standards and practices. The company will be part of Member Group 2/2N. "We have always believed in developing software that gives suppliers and manufacturers the greatest flexibility to work with 3D data from multiple sources. We look forward to collaborating with our association peers from across the globe to advance PDM best practices that provide freedom of choice to businesses working with CAD files and other precise engineering data," said Ram Eswaran, CTO of Kubotek Kosmos. In April, prostep ivip will stage its annual Symposium in Munich,

At the international conference, CONTACT Software will demonstrate how digital twins, simulation, and Artificial Intelligence accelerate the industry‘s digital transformation. The prostep ivip Symposium 2024 in Munich will be attended by over 650 experts and managers from America, Asia, and Europe. The two-day April 10-11 conference features the motto "Digital Engineering - Ready for seamless Collaboration". CONTACT Software will address this topic and present how the digital twin enables faster, easier, and more efficient collaboration within companies as well as with suppliers and customers. The CONTACT Elements platform serves as the basis for transparent, largely automated end-to-end processes in development, manufacturing, and service. Depending on the use case, it can flexibly link data from various IT/OT systems, perform targeted data analytics, and consider sustainability and cost aspects. At the joint booth 20/21 of CONTACT Software and its subsidiary CAIQ visitors can experience live many of the more than 50 specialist applications for the entire product

iBase-t, the company that simplifies how complex products are built and maintained, announced this year’s recipients of its Customer Brilliance Awards, which celebrate the unique strategies customers in complex manufacturing industries have put in place to successfully drive innovation and evolution in their digital manufacturing, quality and MRO sustainment operations with iBase-t. The awards were presented at the company’s business and user conference, Excelerate, which took place March 11-14, 2024 in Newport Beach, California. The event featured informative content, presentations, and real-world, peer-presented case studies exploring the latest advancements in complex manufacturing and offered a unique opportunity to connect with industry colleagues, meet with iBase-t experts, accelerate results, and stay ahead in today’s rapidly evolving business landscape. Featured customer presentations included stories and testimonials from industry leaders such as Robert Townsend, Executive Director of Digital Enterprise Systems at Collins Aerospace, an RTX Company; Mariel Feder Szafir, Business Systems Director, Satellogic; Ron Squires, Director of Digital Transformation, Northrop Grumman; Jonathan

Accenture reported financial results for the second quarter of fiscal 2024 ended February 29, 2024. Click to download the Q2 FY24 and Q2 YTD FY24 earnings infographics. To view the original press release, please click here. Search for Accenture on CIMdata.com

The Nemetschek Group, global provider of software solutions for the building and media industries, is optimistic for the current year after a successful financial year 2023. For 2024, the MDAX and TecDAX-listed Group is expecting a return to a currency-adjusted double-digit growth in the range of 10% to 11%. The EBITDA margin is forecasted to remain at a high 30% to 31% range. Nemetschek will therefore continue its successful growth path also in the current financial year, despite a partially challenging economic market environment and the ongoing transition of the business model to subscription and SaaS models, which has a short-term dampening effect on revenue and earnings. For 2025, Nemetschek expects an even more dynamic growth in the mid-teens range. "Nemetschek remains on its growth path. In 2023, we met or exceeded our targets for all key performance indicators and set the course for growth in the coming years," says Yves Padrines, CEO

Altair, a global leader in computational intelligence, announced the upcoming release of Altair SimSolid for electronics, bringing game-changing fast, easy, and precise multi-physics scenario exploration for electronics, from chips, PCBs, and ICs to full system design. “As the electronics industry pushes the boundaries of complexity and miniaturization, engineers have struggled with simulations that often compromise on detail for expediency. Altair SimSolid will empower engineers to capture the intricate complexities of PCBs and ICs without simplification,” said James R. Scapa, founder and chief executive officer, Altair. “Traditional simulation methods often require approximations when analyzing PCB structures due to their complexity. Altair SimSolid eliminates these approximations to run more accurate simulations for complex problems with vast dimensional disparities.” Altair SimSolid has revolutionized conventional analysis in its ability to accurately predict complex structural problems with blazing-fast speed while eliminating the complexity of laborious hours of modeling. It eliminates geometry simplification and meshing, the two most time-consuming and

New features have been released in OpenBOM via an announcement on the OpenBOM blog. The blog post, written by Oleg Shilovitsky, says: “This iteration is the culmination of relentless effort to enhance various facets of the platform, ensuring that users can navigate and utilize OpenBOM with unparalleled ease and efficiency.” Read the full blog post here: https://www.openbom.com/blog/whats-new-in-march-2024 To view the original press release, please click here. Search for OpenBOM on CIMdata.com

Brandon LaCourciere published a post on the Autodesk blog to announce the release of new features in Autodesk Construction Cloud. Brandon says, “Autodesk released several new features in Autodesk Construction Cloud (ACC) aimed at helping project leaders and teams avoid setting off a chain reaction of costly mistakes–it all starts with having enough information to make the right call.” Read the full blog post here: https://adsknews.autodesk.com/en/news/powerfully-simple-construction-release/ To view the original press release, please click here. Search for Autodesk on CIMdata.com

Jama Software®, an industry leading requirements management and traceability solution provider, announced that Francisco Partners has entered into a definitive agreement to acquire the Company from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Marc Osofsky, Jama Software CEO, will personally reinvest and continue to lead the company. “We are thrilled to work with Francisco Partners and leverage their expertise as we further accelerate our rapid expansion across enterprises, industries and continents”, said Marc Osofsky, CEO, Jama Software. “We thank Insight Partners, who have been tremendous supporters of Jama Software’s growth over the past six years.” “The engineering management market is in the early stages of a fundamental transformation which Jama Software is at the forefront of. We are ecstatic to be partnering with Marc and his team in continuing to execute on their industry-leading vision and strategy”, said Petri Oksanen and Mario Razzini, Partners at Francisco Partners. Jama Software has