Three providers of image recognition and visual search technology announced an agreement to merge and form one company focused on part recognition. U.S. based Slyce, Spain-based Catchoom and Austria-based Humai are joining forces to form Partium, a business that offers a solution for the fast identification of parts within industrial and retail environments.

“Our companies each developed compelling and complementary offerings for part recognition,” said Humai CEO Philipp Descovich, who will become CEO of Partium. “Humai is the leader in spare part recognition for industrial and manufacturing industries. Slyce is the leading provider of visual search...

Bentley Systems, Incorporated announced the establishment of Bentley iTwin Ventures to invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions for roadways, railways, waterways, bridges, utilities, industrial facilities, and other infrastructure assets.

Bentley iTwin Ventures is a $100 million corporate venture capital fund which fosters innovation by co-investing in startups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital. The fund will target investments in transformational digital twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure.

Bentley iTwin Ventures will invest in early and...

3D Systems Corporation announced its financial results for the third quarter ended September 30, 2020.

Third Quarter Financial and Operational Results
Q3 2020 GAAP revenue of $135.1 million, compared to $155.3 million in Q3 2019 and $112.1 million in Q2 2020

Q3 2020 GAAP loss of $0.61 per share compared to a loss of $0.15 per share in Q3 2019; Included in the third quarter 2020 net loss was a $48.3 million ($0.41 per share) pre-tax non-cash goodwill impairment charge

Q3 2020 Non-GAAP loss of $0.03 per share compared to a loss of $0.04...

The new VOLTA and modeFRONTIER Release 2020 is now available. With the latest update, we introduce the VCollab 3D technology in VOLTA to empower the visualization of simulation results and enhance the management of data. Among other new features and improvements, modeFRONTIER comes with a new direct integration node with Rhino3D/Grasshopper while VOLTA keeps strengthening the communication with external systems through expanded APIs capabilities. 

ENGINEERING DATA INTELLIGENCE
Get full insights into your design with VCollab 3D visualization

Thanks to Visual Collaboration Technologies (VCollab) for...

DXC Technology reported results for the second quarter of fiscal year 2021. Revenue of $4.55 billion and non-GAAP diluted EPS of $0.64 exceeded the top end of our guidance.

“We delivered strong second quarter results as the ‘new DXC’, exceeding our revenue and non-GAAP diluted EPS targets.  We also improved margins sequentially, and achieved a book-to-bill of 1.1x. We are making good progress on the three key areas of our transformation journey, which are: focus on customers, optimize costs, and seize the market,” said Mike Salvino, DXC president and chief executive...

Aspen Technology, Inc. announced selected financial results for the first quarter of fiscal 2021 ended September 30, 2020.

“AspenTech’s first quarter results were solid in the context of the challenging economic environment,” said Antonio Pietri, President and Chief Executive Officer of Aspen Technology. “Customers continued to make significant investments in AspenTech’s solutions as an essential part of their digitalization and sustainability initiatives, which we believe will be a primary focus for the process and other capital intensive industries in the coming years.”

Pietri continued, “With the recent introduction of aspenONE v12 and the...

Coreform LLC has acquired exclusive distribution rights to Sandia National Laboratories’ Cubit software.

The Coreform team has worked closely with Sandia on the development of Cubit for more than fifteen years, an d has distributed it under the name Trelis since 2019. The name “Trelis” will be phased out as Cubit takes a more central role in Coreform’s growth strategy. “We are planning aggressive investment in Cubit,” CEO Matt Sederberg says. “We want to make it the gold standard for preprocessing software in traditional simulation, and to also transform it into a...

AVEVA announced that it will be extending its long-standing strategic collaboration with Microsoft to focus on accelerating digital transformation in the industrial sector. AVEVA will help maximize the value that customers can derive from the integration of AVEVA’s portfolio with Microsoft cloud services and especially Microsoft Azure (infrastructure, data and AI services), helping them achieve implementations quicker, connect teams more readily and drive growth opportunities throughout their integrated portfolio.

AVEVA’s key focus areas will revolve around cloud as well as transforming the workforce (connected worker), and building a common Asset Strategy (Asset Performance)....

VariCPQ Enterprise is developed to fulfil even the widest needs to be able to manage advanced sales configuration within Salesforce opportunity. Product and pricing rule capabilities are the most extensive in the market. User interface and visualization are guiding the end user to make right selections in real-time. Multilingual offer letter and product specification can be generated and saved to Salesforce. All these can be managed by the data and companies themselves. This will lead to a very low-cost-of-ownership and allows rapid changes without external resources to companies of any size.

As a result VariCPQ Enterprise returns selected...

Siemens Digital Industries Software announces the availability of the latest version of NX™ software, including capabilities that allow companies to use a rules and knowledge-based approach to Model Based Definition, which builds in best practices and leverages artificial intelligence to dramatically improve productivity. NX Model Based Definition provides a rich set of data that defines a variety of characteristics beyond size and shape to enable a truly comprehensive digital twin. By including non-geometric data within the CAD model, engineers can now produce a complete digital definition of a product in an annotated and organized manner,...