CIMdata Blog

CGI, one of the largest independent IT and business consulting services firms in the world, announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to acquire Novatec, an IT services firm specialized in agile software engineering, digital products and strategic business & IT consulting services. More than 300 highly skilled IT and consulting experts from across Novatec’s eight offices in Germany, with a strong presence in the Stuttgart metro market and the South-West region, as well as from Granada, Spain, will join CGI and strengthen its footprint in the manufacturing and financial services sectors, with a special focus on the automotive industry and e-mobility. The purchase agreement was signed on January 29, 2025. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in March 2025. Founded in 1996, Novatec serves enterprise clients through a wide range

The Digital Twin Consortium® (DTC) announced its transformative Digital Twin Testbed initiative, an opportunity for members to showcase innovation in digital twin evolution. The initiative is a collaborative, holistic approach DTC members can use to develop, test, verify, and validate digital twin systems and advance digital-twin-enabling technologies. “The DTC Digital Twin Testbed initiative opens new horizons for our members, allowing them to demonstrate how they’re pushing the boundaries of digital twins and enabling technologies,” said Dan Isaacs, GM and CTO of DTC. The initiative builds on DTC foundational guidance, encompassing technical and business aspects: The DTC Digital Twin Business Maturity Model, a dynamic maturity assessment framework aligned to digital twin lifecycle phases and Technology Readiness Levels (TRLs). The DTC Platform Stack Architectural Framework provides a foundational understanding of best practice concepts for C-Suite and business leaders before they dive into technology selection or development. The DTC Digital Twin Capabilities Periodic Table and Toolkit, an architecture and technology-agnostic requirements definition framework for organizations

IoT Tribe is excited to announce the launch of the Flywheel Programme, a cutting-edge initiative designed to empower early-stage startups developing agentic AI and advanced technologies for the Aerospace and Defence sectors - developed in collaboration with Siemens Digital Industries Software. This ambitious programme offers access to Siemens’ world-class engineering expertise, global networks, and state-of-the-art digital infrastructure, enabling startups to address some of the industry’s most critical challenges while capitalising on a multi-billion-pound market opportunity. A £400+ billion market ripe for transformation The Aerospace and Defence industry is projected to grow to over £400 billion by 2030, driven by escalating global demand for AI-driven capabilities, autonomous systems, and advanced analytics. From enhancing operational efficiency and safety to delivering predictive intelligence and autonomous decision-making, the opportunity for disruptive innovation in this sector is immense. However, capitalising on this market requires technologies that are not only innovative but also scalable, reliable, and aligned with stringent industry standards. Siemens’ Flywheel Programme aims to bridge this gap by

The internationally recognized standard for information security management assures customers that their data is in safe hands with CONTACT. Companies increasingly rely on software from the cloud. This proves beneficial in terms of high data availability and low infrastructure costs – but also entails an important security consideration: Can businesses trust that their data is just as well protected in external data centers as on their own servers? The international ISO 27001 standard provides guidance on this matter by establishing standards for information security management systems (ISMS). Following a multi-stage auditing process, CONTACT has demonstrated that its cloud products meet the highest security standards and received the ISO certification. To ensure the confidentiality, integrity, and availability of data in its cloud products, CONTACT has implemented a comprehensive ISMS. A wide range of security mechanisms has been seamlessly integrated into development and operating processes, including monitoring tools, automations, and Infrastructure as Code (IaC). CONTACT continuously

Ending record-high 2024 with strong order growth and positive 2025 outlook Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange Q4 2024 Orders $8.1billion, +6%; comparable1 +7% Revenues $8.6 billion, +4%; comparable +5% Income from operations $1,169 million; margin 13.6% Operational EBITA1 $1,434 million; margin1 16.7% Basic EPS $0.54, +7%2 Cash flow from operating activities $1,537 million; -19% FY 2024 Orders $33.7 billion, 0%; comparable1 +1% Revenues $32.9 billion, +2%; comparable +3% Income from operations $5,071 million; margin 15.4% Operational EBITA1 $5,968 million; margin1 18.1% Basic EPS $2.13, +6%2 Cash flow from operating activities $4,675 million; +9% Return on Capital Employed 22.9% Dividend proposal of CHF0.90 per share KEY FIGURES ($ millions, unless otherwise indicated) CHANGE CHANGE Q4 2024 Q4 2023 US$ Comparable1 FY 2024 FY 2023 US$ Comparable1 Orders 8,088 7,649 6% 7% 33,690 33,818 0% 1% Revenues 8,590 8,245 4% 5% 32,850 32,235 2% 3% Gross Profit 3,049 2,848 7% 12,274 11,214 9% as % of revenues 35.5% 34.5% +1 pts 37.4% 34.8% +2.6 pts Income from operations 1,169 1,116 5% 5,071 4,871 4% Operational EBITA1 1,434 1,333 8% 9%3 5,968 5,427 10% 11%3 as % of operational revenues1 16.7% 16.3% +0.4 pts 18.1% 16.9% +1.2 pts Income from continuing operations, net of tax 1,000 946 6% 3,955 3,848 3% Net income attributable to ABB 987 921 7% 3,935 3,745 5% Basic earnings per share ($) 0.54 0.50 7%2 2.13 2.02 6%2 Cash flow from operating activities 1,537 1,897 -19% 4,675 4,290 9% Free cash flow1 1,295 1,713 -24% 3,937 3,667 7% 1 For a reconciliation of alternative performance measures, see “supplemental reconciliations and definitions” in the attached Q4 2024 Financial Information. 2 EPS growth rates are computed using unrounded

Bentley Systems, Incorporated, the infrastructure engineering software company, will release its fourth quarter and full year 2024 results before the market opens on Wednesday, February 26, 2025. Senior management will host a webcast to discuss the company’s results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company’s investor relations website at https://investors.bentley.com Webcast and Registration Information When: Wednesday, February 26, 2025, 8:15 a.m. ETWebcast: Registration linkReplay: Available later that day via https://investors.bentley.com To view the original press release, please click here. Search for Bentley Systems on CIMdata.com

DDR&D, a leading organization in the defense sector, partnered with CASTOR to leverage cutting-edge manufacturing optimization software. CASTOR’s powerful platform analyzes CAD files and 2D technical drawings of low-volume, high-mix product designs to identify parts suitable for cost optimization. The software’s algorithm streamlines cost reduction by suggesting alternative manufacturing methods, materials, and design adjustments while factoring in material properties, geometry, and detailed cost estimations. This innovative approach empowers organizations like DDR&D to simplify complex manufacturing processes and achieve significant cost savings without compromising on quality or precision. In this mutual project, CASTOR will automatically analyze thousands of parts at once, saving significant time and effort for DDR&D engineers to identify opportunities for redesign, including parts consolidation and weight reduction, while enabling smarter and more efficient manufacturing decisions. "When DDR&D chose us for this innovative project, we demonstrated how advanced software solutions can drive efficiency, and reduce costs, at one of the world’s most

LTIMindtree, a global technology consulting and digital solutions company, , has partnered with FLS, a leading, full flowsheet minerals processing supplier to the global mining industry, for strategic transformation of their application services portfolio. Through this partnership, LTIMindtree will enable seamless support of enhanced application maintenance and development services at FLS. As a part of this partnership, LTIMindtree would provide Maintenance, Support to the vast & complex Application landscape of FLS Mining. By leveraging the power of AI as well as automation tools , LTIMindtree will assist FLS Mining in reducing complexity and enabling business efficiency. Balakrishna Govindan – Head of Business Applications, FLS Mining, said, “Our engagement with L&T Group and LTIMindtree specifically, has been critical in providing timely and better service to our Business. This engagement is key to our ambition of delivering modern, scalable solutions to our Business which inturn will enable them to provide better service to our

Infosys, a global leader in next-generation digital services and consulting, announced the expansion of its collaboration with Siemens AG, a leading technology company, to accelerate its digital learning initiatives with generative AI. The collaboration aims to provide over 250,000 Siemens’ people globally with upskilling opportunities, and a personalized learning and growth experience. As part of the collaboration, Siemens’ My Learning World, a digital learning platform that is accessible from anywhere anytime, will leverage Infosys Topaz, an AI-first offering using generative AI technologies, and Infosys Wingspan, an AI-powered next-gen enterprise learning experience platform. Some of the salient features of the improved platform include: an AI-powered knowledge assistant, which acts as a learning companion and provides instant answers and personalized recommendations for the user. The platform also has an AI-assisted content authoring feature that generates tailored content in multiple languages. An AI chatbot assists learners in real-time – navigating courses, explaining complex concepts, and leads them

L&T Technology Services Limited, a global leader in engineering and technology services, announced that it has been awarded a multiyear, $80 million deal with a US-based manufacturer of industrial products and solutions. This strategic partnership will accelerate the client’s digital transformation through the integration of advanced technologies, including connected products and the digital thread, paving the way for greater innovation at scale. This net new latest deal win in the Sustainability segment will see LTTS establish a dedicated Center of Excellence (CoE) in India, which will act as a global innovation hub enabling the client to focus on digital transformation and comprehensive product lifecycle management (PLM). This initiative is designed not only to support the client’s transformation journey but also to enable the expansion of their global footprint, particularly in new age and digital technologies that are redefining industries worldwide.  Leveraging its proven engineering expertise and its established ‘Go Deeper to Scale