News

Flowserve Corporation today reported its financial results for the fourth quarter and full year ended December 31, 2016. Fourth Quarter 2016 Highlights Reported Earnings Per Share (EPS) of $0.50 includes $0.22 per share of adjusted items, as detailed below, and approximately $0.03 per share of negative currency translation Adjusted EPS[1] was $0.72 excluding the adjusted items but including the negative currency translation Adjusted items include $0.20 per share of realignment expenses and $0.02 of purchase price accounting expenses and Brazil inventory write-down Sales were $1.07 billion, down 14.7% on a constant currency basis Aftermarket sales were $502 million in the fourth quarter, down 8.7% on a constant currency basis Total bookings were $908 million, down 4.2% on a constant currency basis Aftermarket bookings were $446 million, or 49% of total bookings, flat with prior year on a constant currency basis Reported gross and operating margins of 31.0% and 10.0% increased 10 basis points and decreased 60 basis points, respectively Adjusted gross and operating margins[2] were 33.2% and 13.2% declined 20 basis points and 130 basis points, respectively Full Year 2016 and Other Highlights Reported

The Altair Partner Alliance (APA) is pleased to announce the addition of Fieldscale’s SENSE to its software offering. Sense is an intuitive and highly advanced touchscreen design and simulation tool. The cutting-edge algorithms provide accurate results up to ten times faster than any other simulation software. As a result, engineers save effort and time and products are launched sooner and with increased profit margins.  “Altair is committed to continually providing cutting-edge and comprehensive solutions to assist electronics companies in creating innovative products to stay ahead of competition,” said Molly Heskitt, Senior Director of Business Development. “Expanding our partnership with Fieldscale, we are excited to introduce Sense software in our offering, which will further empower electronics product designers to create robust solutions and shorten development cycles.” Sense was developed after months of research on touchscreen industry needs and the product design process. The greatest challenges of effectively using simulation in touchscreen

The Commonwealth Center for Advanced Manufacturing (CCAM), an applied research center providing solutions in adaptive automation, surface engineering, and additive manufacturing, today announced that CGTech will join as its newest Affiliate member. CGTech will participate in CCAM research and provide extremely valuable verification/optimization capabilities to complement CCAM’s current machining capabilities.   “CCAM is delighted to have CGTech become our newest Affiliate member,” says Will Powers, CCAM President and CEO. “They will bring significant capabilities to enhance the productivity for our current and future members”.   “CGTech’s VERICUT software supports applications utilized by many of our members. It will help our research team simulate CNC machining to detect potential inefficiencies or conflicts prior to the machining process”, stated Ron Volpicella, Research Manager at CCAM.   “With many customers and partners already part of CCAM, it was a natural fit to join the research center,” said Jon Prun, President of CGTech. “We look forward to

ModuleWorks announces a record year for 2016 with a revenue increase of 20% on the previous year. The revenue comes from the growing base of over 120 customers worldwide across an increasing range of application areas, from multi-axis toolpath generation and simulation solutions for traditional CAD/CAM applications to more and more specialized application areas such as dentistry, tool grinding, gear machining, robotics and 3D printing. The growth in revenue and customers has allowed ModuleWorks to further expand its software development teams in Germany, Romania and Ukraine to over 100 developers. It also allows greater investment in research and development projects with academic and industrial partners. The results of these projects, for example high precision machining for optics, are already finding their way into commercial applications. The trend towards real-time simulation on CNC controllers continues to strengthen and the latest advances in the ModuleWorks real-time CNC collision avoidance software were

The Civil Infrastructure Platform (CIP) project today announced that Renesas Electronics Corporation has joined as a Platinum member. The CIP community is working to establish an open source base layer of software to enable the use and implementation of software building blocks that meet the safety and reliability requirements of industrial and civil infrastructure. Renesas joins founding Platinum members Hitachi, Siemens and Toshiba and Silver members Codethink and Plat'Home. CIP is hosted by The Linux Foundation, the nonprofit advancing professional open source management for mass collaboration. CIP launched in the spring of 2016 to address the needs of organizations in industries such as power generation and distribution, water, oil and gas, transportation and building automation for reliable and secure Linux-based embedded systems that can be sustained over a period of 10 to as many as 60 years. By establishing this base layer, CIP aims to speed implementation of civil infrastructure systems, build upon existing

BIMobject announces an expansion into France, as a part of BIMobject AB's  ("BIMobject") growth strategy to be a market leader. BIMobject France SAS ("BIMobject France") is created and is a wholly owned subsidiary to BIMobject situated in Paris. The French subsidiary is intended to be a solid base for sales and content management within the French market. BIMobject sees the French market as a big industrial nation with strong technical, architectural and design qualities and as an important strategic and geographic base for sales and content management. The French construction industry is big, and many well known manufacturers of materials and building products have their offices or headquarters situated in France. BIMobject has been involved in a close cooperation with Abvent since September 2013. Their experienced team has continuously worked with the solutions of BIMobject in the French market. This team has now been hired by BIMobject France and they

Capgemini announced today the acquisition of Idean, a fast-growing digital strategy and experience design consultancy, headquartered in Palo Alto, with additional studios in Austin, Los Angeles, New York, San Francisco, Helsinki and Berlin. Idean will reinforce the Group's user-centered and digital-first experience design and strategy services, particularly in North America, and extend its network of Digital studios; helping to meet growing customer demand for the Group's end to end digital services. "Customer demand is shifting; service providers who bring digital design, creativity, and agility to redefine the customer experience are developing a strategic dialog with their clients, driving uniquely differentiated outcomes, and gaining market share as true digital partners. The acquisition of Idean is part of the Group's growth strategy focused on innovation and digital particularly in North America," comments Paul Hermelin, Chairman and Chief Executive Officer, Capgemini Group. "Idean's Scandinavian design ethos and Silicon Valley mindset are a perfect fit to

Computer-aided and “model-driven” product development practices have steadily evolved since the 1960s, enabled by the growth and availability of modern computing technology. Companies use software to create digitalized 2D/3D geometry and assess that geometry using physics-based performance calculations. The industry has rapidly progressed from tools built for and used exclusively on the engineer’s desktop in discrete domains such as design (CAD), simulation (CAE), test & evaluation (CAT), manufacturing (CAM) and requirements management to more enterprise oriented and internet-enabled solutions such as product data management (PDM), product lifecycle management (PLM), software lifecycle management (ALM), and service lifecycle management (SLM). The fundamental business premise and goals for implementing these model-based technologies and processes is that they will enable on-going product and manufacturing innovation to create competitive advantage, minimize total lifecycle costs, and drive top line revenue growth. While there has been considerable business success within selected industry segments and application domains, the complexity

With V6 xPDM Windchill Adapter, PROSTEP has developed a product that enables the bidirectional exchange of data between CATIA V6 (VPM Central) from Dassault Systèmes and Windchill from PTC. The product was created within the framework of a close development partnership with Dassault Systèmes. Because PROSTEP also works closely together with PTC, it was possible to seamlessly integrate both systems. This means that companies who use PTC Windchill can also integrate the innovative V6 products from Dassault in their existing system environment. The V6 xPDM Windchill Adapter uses PROSTEP’s proven OpenPDM technology and is currently being implemented in initial customer projects. One of the highlights of the product is the bidirectional synchronization of product structures between both systems. CAD and other files are transferred in addition to the metadata. The V6 xPDM Windchill Adapter uses standard interfaces as well as separate business logic and thus enables the integration of V6

Open Brace, leading software products publishing firm based in Chennai, has launched SAPVarsity™, an on-demand MOOCs e-learning platform for SAP professionals, at a recent InsideTrack event. SAPVarsity provides instructor-led SAP eLearning courses using virtual live classroom, on-demand online product specific courses, and offers high quality content prepared by experts, classroom interactions and live interactions with instructors. "Each SAP eLearning course is an interactive textbook, featuring pre-recorded videos, quizzes, and projects" said Arun Bala, CEO of Open Brace. "Most of us are products of classic school learning. And, we tend to demand an institution to get trained. With SAPVarsity, learning is a click away. We thank each of our subject matter experts, course instructors, not excluding the team behind making each course to highest standards possible." MOOCs need personal touch, especially when instructors are teaching technical or functional content to a beginner. SAPVarsity™ makes learning more personalized, interactive, and organized. SAPVarsity