CIMdata Blog

Wellspring Worldwide, a leader in technology transfer and IP management, and formerly Sopheon, renowned for their expertise in innovation and new product development, are proud to announce a bold new chapter in the innovation management industry under the unified brand Wellspring Worldwide. They’re sharing their vision for AI capabilities that will be the building blocks for the future of innovation by working diligently on an AI-enabled platform designed to revolutionize how organizations manage and commercialize innovation.  This announcement follows Wellspring’s recent acquisition of Sopheon, which combined two powerhouses to deliver unparalleled solutions for innovation professionals. The shared mission: to accelerate progress by transforming how inventions are discovered, managed, and brought to market.  “At Wellspring, we’re passionate about Innovation and see AI as a powerful tool to improve our customers’ ability to execute,” said Sean Downs, CEO at Wellspring. “We’ve all seen the revolutionary changes artificial intelligence has been bringing to industries across the globe at

ANN ARBOR, Michigan, USA, 5 February 2025—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free webinar, “Physics-Based Simulation Software: Consolidation Implications for Industry.” The webinar, hosted by members of CIMdata’s Simulation-Driven Systems Development Consulting Practice, will take place on Thursday, 27 February 2025, at 11:00 a.m. (EST) and will last one hour. The consolidation of the engineering software industry is reshaping the landscape of physics-based simulation. As competing providers merge and expand their offerings, companies must navigate overlapping PLM, PDM/MCAD, EDA/MBSE, and MCAE solutions. This webinar explores the challenges and opportunities this evolving environment presents, from managing software integration conflicts to leveraging AI, analytics, and simulation for enterprise digital transformation. This webinar will help attendees to: Learn about best practices for evaluating the current maturity level of modeling and simulation tools within a digital engineering approach context. Identify and assess gaps in existing software tools to determine

Sandvik has acquired ShopWare, MCAM Northwest and the CAD/CAM solutions business line of OptiPro Systems, three US-based resellers of Computer Aided Manufacturing (CAM) solutions in the Mastercam network. With these businesses, Sandvik continues to strengthen its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base. The acquisitions will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions. Including these acquisitions, Sandvik has now acquired five CAM resellers since 2024. In March, Sandvik acquired Cimquest, one of the largest resellers in the Mastercam network, and in January 2025 Sandvik acquired the assets of FASTech. “These businesses strengthen our regional presence and our ability to help our customers, and they are a strong fit with our strategy to grow within digital manufacturing,” says Stefan Widing, President and CEO of Sandvik. ShopWare is headquartered in Elgin,

MIR Insight is a leading AI-driven forecasting company specializing in real-time market predictions. With advanced AI models and access to billions of data points, MIR Insight helps businesses optimize operations, reduce waste, and improve profitability by delivering precise, data-driven insights. Through this partnership, Datatex and MIR Insight will combine their industry-specific expertise, cutting-edge technologies, and business intelligence to offer transformative solutions to the textile industry. This collaboration enables both companies to deepen their engagement with clients, fully understanding their needs and delivering AI-powered forecasting solutions that drive efficiency, reduce costs, and promote sustainable growth. Datatex is excited to embark on this journey with MIR Insight, bringing new levels of operational excellence and predictive capabilities to our clients. To view the original press release, please click here. Search for Datatex on CIMdata.com

Keysight Technologies, Inc. and the University of Malaga (UMA) have opened a 6G research and innovation Lab. The facility is dedicated to advancing 6G technology through comprehensive solutions that address key use cases and technological challenges. The Malaga 6G Research and Innovation lab is an integral part of Keysight’s European infrastructure. Keysight Laboratories engages with customers, markets, universities, and research communities and participates in numerous consortia, industry, and standards bodies. The lab features three main workspaces: Monitor, Measurement, and Experience. The Monitor workspace enables real-time monitoring of the 5G and 6G mobile network experimentation platform Victoria Network. The Measurement workspace will be equipped with Keysight's latest hardware and software test and measurement solutions, while the Experience workspace will showcase 6G use cases and technology demonstrations, providing a hands-on experience. Research at the lab will focus on the following areas: New Spectrum and Components – Satisfying the demand for high speed and data throughput with innovative frequency

KORE Group Holdings, Inc. ("KORE" or the "Company"), a global leader in IoT solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, has named Jared Deith as Executive Vice President and Chief Revenue Officer (CRO). Deith, an established entrepreneur, brings a strong track record of building high-performing teams and driving transformative growth in the IoT market. Deith's appointment comes as part of an organizational redesign following the departure of KORE's prior Executive Vice President and Chief Revenue Officer. Deith's responsibilities in his prior role as Executive Vice President, Connected Health will be consolidated with his new responsibilities as CRO. "I'm honored and excited to step into the role of CRO and drive KORE to expected new heights of success and growth," said Deith. "In my recent role leading the Global Connected Health business, I've seen firsthand the transformative power of IoT solutions for our customers. Many are fueling their

L&T Technology Services, through its Smart World business, has joined the Arizona Technology Council (AZTC) to expand its global reach in cutting-edge smart city and digital solutions. This partnership underscores LTTS Smart World's commitment to driving innovation and sharing expertise to shape the future of cities worldwide while strengthening Arizona’s technology ecosystem. By welcoming LTTS into its network, the Arizona Technology Council gains a partner with deep expertise in the overall Tech segment and with a specialization in smart city solutions. LTTS' involvement will enhance collaborative opportunities, drive innovation, and contribute valuable insights to the Council's initiatives, strengthening Arizona's position as a leading technology hub. As a premium engineering and technology services provider in North America, LTTS will be engaging with AZTC’s diverse community of technology leaders, innovators, and collaborators. Through this partnership, LTTS Smart World aims to contribute to Arizona’s growth as a technology hub while sharing its expertise in key areas such

NAFEMS, the International Association for the Engineering Analysis, Modelling and Simulation Community, has announced that Joe Walsh, founder and leader of the ASSESS Initiative, will step back from his role in March 2025. NAFEMS has appointed Nick Appleyard to lead the next chapter of the initiative as Executive Director of ASSESS. Outgoing head Joe Walsh commented, “I am proud to have been involved with the ASSESS Initiative from its formation to its integration as a key part of NAFEMS,”. He went on to say, “Through collaboration with thought leaders in the engineering simulation field, ASSESS has delivered multiple strategic insight papers and the Engineering Simulation Metadata Specification. ASSESS, as part of NAFEMS, is well positioned to take a leadership role in enabling and improving the future of engineering simulation.” Joe founded ASSESS with support from several long-standing industry experts and NAFEMS members after discussions at the NAFEMS Americas Conference in Colorado Springs in 2014. Joe's

Dassault Systèmes reports its IFRS unaudited estimated financial results for the fourth quarter 2024 and full year ended December 31, 2024. The Group’s Board of Directors approved these estimated results on February 3, 2025. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix. Summary Highlights1 (unaudited, non-IFRS unless otherwise noted, all growth rates in constant currencies)  4Q24: Software revenue accelerated to 9% growth; 4Q24: Top line acceleration driven by new business growth of 13% and 3DEXPERIENCE software revenue up 22%;  4Q24: Operating margin stood at 36.3%, an increase of 70 basis points, with diluted EPS of €0.40, up 11%; FY24: Total revenue grew to €6.21 billion with software revenue up 6%, operating margin of 31.9% and diluted EPS of €1.28, up 9%;  Initiating guidance for FY25: total revenue growth expected between 6% and 8%, operating margin between 32.6% and 32.9%, up 70-100 basis points, and diluted EPS

PROS Holdings, Inc., a leading provider of AI-powered SaaS pricing and selling solutions, announced Averitt, a prominent player in the freight transportation sector, has extended and expanded its subscription of PROS Smart Price Optimization and Management. Averitt has leveraged PROS solutions since 2014 to refine its pricing strategies and consistently deliver market-relevant and brand-aligned pricing that results in revenue uplift. PROS Smart Price Optimization and Management enables Averitt to move away from anecdotal pricing to AI-powered which adjusts prices dynamically in real-time, using business-managed levers to maintain control. PROS solutions empower Averitt's sales teams to respond to customer needs with winning prices quickly and efficiently, while enhancing its esteemed service reputation. "Service excellence is the heart and soul of our brand, and our decade-long partnership with PROS reflects the immense value we place in their solutions and the collaborative relationship we've built to further deliver on our brand promise,” said Mark Davis, Vice