Industry Summary Articles

FARO®, a global leader in 4D digital reality solutions, announced that Matthew Horwath has been promoted to SVP & Chief Financial Officer from his current position as Vice President of Finance at FARO, effective immediately. Matthew succeeds Allen Muhich, the Company's current Chief Financial Officer, who will provide transition services to the Company…

HCLTech, a leading global technology company, announced a collaboration with SAP SE to boost innovation and accelerate the adoption of Generative AI (Gen AI). Through the collaboration, HCLTech will partner with SAP to develop solutions that enable businesses to achieve better outcomes and accelerate business transformation. Together with SAP, HCLTech…

HCLTech, a leading technology company, hosted BE WELL, an employee wellness program at its NOIDA campus from Jan. 10 to 12, 2024 with an aim to increase awareness among employees and encourage them to nurture holistic wellness. The 3-day program provided employees a platform to explore ways to rejuvenate themselves…

IFS, the global cloud enterprise software company, is announcing the winners of its Partner of the Year Awards. The annual event recognizes partners’ continued dedication to the IFS Partner Program, commitment to excellence in the service(s) delivered to mutual customers, and expertise in leveraging innovation to extend the capabilities of…

The Nemetschek Group, one of the leading software providers for the AEC/O and media industries, announced its investment in the US-based start-up Briq, a data-driven, collaborative financial automation platform for the construction industry. The investment further expands the Nemetschek Group's venture strategy of driving efficiency and innovation in the industry. Briq, headquartered…

AMETEK, Inc. will issue its fourth quarter 2023 earnings release before the market opens on Tuesday, February 6, 2024. AMETEK will webcast its fourth quarter 2023 investor conference call on Tuesday, February 6, 2024, beginning at 8:30 AM ET. The live audio webcast can be accessed by clicking on the Events & Presentations link…

Blackline Safety Corp. (“Blackline” or the “Company”), a global leader in connected safety technology, reported its fiscal fourth quarter and annual financial results for the period ended October 31, 2023. Management Commentary “We are delighted to achieve a significant milestone, reaching $100 million in total annual revenue as we recorded our 27th consecutive quarter of year-over-year…

Cadence Design Systems, Inc. announced a new portfolio of applications that significantly enhance the capabilities of its flagship Palladium® Z2 Enterprise Emulation System. These domain-specific apps allow customers to manage increasing system design complexity, improving system-level accuracy and accelerating low-power verification for advanced applications, such as artificial intelligence and machine learning…

ABB announced it has agreed to acquire a majority of software service provider Meshmind to expand its research and development capabilities in AI, Industrial IoT and machine vision. Through this acquisition ABB will integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate…

Kontron AG agreed to acquire around 60% of the shares in the listed company KATEK SE. The buyer is the wholly owned German subsidiary Kontron Acquisition GmbH, which is acquiring the shares from the previous Katek majority shareholder PRIMEPULSE SE. The purchase price per share is EUR 15.00 for a…