Industry Summary Articles

We are thrilled to announce the release of ELEMENTS version 4.2.1, an open-source CFD software suite for vehicle design applications distributed by Streamline Solutions LLC. This release also introduces updated versions of the add-on modules ELEMENTS-Adjoint and ELEMENTS-Coupled. ELEMENTS 4.2.1 is focused on bug fixes and code refinements to address known issues…

Altair, a global leader in computational intelligence, and L&T Technology Services, a global digital engineering and R&D services company, jointly announced the establishment of a digital twin center of excellence (CoE) to accelerate digital transformation. The CoE will deliver cutting-edge digital twin capabilities to joint customers worldwide across mobility, high-tech, and…

Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, announced the appointment of Johann Potgieter as Director of Product Management. In this role, Johann will lead a newly established team in creating innovative solutions tailored to address challenges faced by civil contractors…

Blackline Safety Corp., a global leader in connected safety technology, is pleased to announce the appointment of Robin Kooyman, CFA, MBA, as the company's new Chief Financial Officer (CFO) effective September 9, 2024. Robin brings 15 years of global experience in finance, capital markets, and strategic leadership, having held prominent positions…

Matterport, Inc. has released its third Environmental, Social, and Governance Report which, for the first time, sets ambitious targets for the company’s top ESG priorities, including reducing emissions and fostering gender equality in the workplace. In addition to these new commitments, the new report also showcases the company’s success helping…

Tech Soft 3D and Spatial, a Dassault Systèmes subsidiary, the two leading component technology providers in the engineering industry, have strengthened their strategic alliance with the goal of driving the engineering industry forward. This enhanced partnership aims to deliver best-in-class technology, fostering rapid application development and solving real-world engineering challenges more effectively.…

Stratasys announced its plans to move its U.S.-based headquarters from Eden Prairie, Minn. to a new Minnetonka campus. With the move, Stratasys will consolidate most Minnesota-based offices into one larger, more dynamic corporate campus. The new corporate campus, comprised of two leased buildings on the current United Health Care campus…

TrueProject, a leading provider of advanced predictive project management solutions, is pleased to announce a new resell relationship with Coforge, a premier global digital services and solutions provider. This strategic partnership will enable Coforge to sell and implement the TrueProject solution, further enhancing their ability to deliver superior project management…

Third-quarter revenue rose 5% on a comparable basis, excluding currency translation and portfolio effects; comparable orders came in 15% lower than in Q3 FY 2023, which included a record-high level of orders in Mobility On a nominal basis, revenue increased 4% to €18.9 billion; orders were down 16% at €19.8…

Xometry, Inc., the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, reported financial results for the second quarter ended June 30, 2024. “We delivered record revenue, record gross profit and record gross margins as our AI-powered marketplace continues to gain market share,” said Randy Altschuler, Xometry’s CEO.…