Industry Summary Articles

Lantek, a global leader in sheet metal software solutions, announces a strategic partnership with FA Service (FAS), a major player in Japan’s metal manufacturing industry. This collaboration marks a significant step in solidifying both companies’ leadership in the sector, combining Lantek’s cutting-edge technology with FAS’s deep understanding of the local…

Numerous new developments in CONTACT’s Elements platform and innovative digitalization strategies will take center stage at this year’s Open World. International customers and partners like Audi, BASF, and Mitsubishi Electric offer insights into their successful projects. “Fast Forward Digital Transformation” will be the theme on November 12 and 13 in…

Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents a 19% premium to Altair's unaffected closing…

Altair, a global leader in computational intelligence, is proud to announce a strategic partnership with QuantiaS, the business unit of Solutions2Enterprises (S2E) dedicated to data and analytics. By combining QuantiaS’s technical expertise with Altair’s innovative Altair® RapidMiner® data analytics and AI platform, the collaboration aims to enhance the data analytics capabilities of companies in Italy, empowering businesses…

Configit, the global leader in Configuration Lifecycle Management (CLM), announced a strategic partnership and joint go-to-market strategy with PTC, a global software company that provides solutions for engineering, design, manufacturing and service of products. This collaboration will integrate Configit’s Configuration Lifecycle Management (CLM) solutions with PTC’s Product Lifecycle Management (PLM) systems, offering…

Mastercam, a global leader in CAD/CAM solutions, is pleased to announce the appointment of Oscar Elizaga as Vice President of Global Sales and Services. In this key leadership role, Oscar will oversee Mastercam’s global sales and commercial operations, focusing on driving market penetration, revenue growth, and elevating customer success. Oscar…

Object Management Group® (OMG®) announced the cross-consortia Artificial Intelligence Joint Working Group, bringing together the collective intelligence of OMG’s consortia to advance AI integration with digital twins, augmented reality (AR) and related technologies. “We’re leveraging the collective experience and intelligence of the OMG Standards Development Organization along with the members of…

PROS Holdings, Inc., a leading provider of AI-powered SaaS pricing, CPQ, revenue management, and digital offer marketing solutions, announced that its President and Chief Executive Officer, Andres Reiner, intends to retire from the Company. Mr. Reiner will remain in his role through the completion of the search for his successor…

Siemens Digital Industries Software, a global leader in PCB electronic systems design, and CELUS, a pioneer in AI-powered electronic design automation solutions, today announced their collaboration to transform the PCB design landscape for small and medium-sized businesses (SMBs) and independent engineers.  This collaboration combines Siemens’ industry-leading PCB design expertise with…

Altair released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired…