News

IFS, the global cloud enterprise software company, reported its financial results for H1 as of June 30, 2022, with its share of Recurring Revenue reaching 71 percent of Total Revenues and Software Revenues reaching 76 percent of Total Revenues. Growth in H1 2022 came from winning net new customers as well as from the IFS install base who continue to upgrade to IFS Cloud. In the first 12 months of IFS Cloud’s general availability, the company reported the same number of new users as it secured over a 25 year period with previous generation software. Not only is IFS’s proposition attractive to businesses wanting a composable solution specific to their needs, but also Cloud environments are being staged in days and implementation times are surpassing industry benchmarks to drive faster time-to-value. In line with this trend, more and more customers are looking to IFS to manage and deliver services throughout their

Tata Consultancy Services (TCS) and Boots, a leading UK health and beauty retailer, announced the launch of the new INNOVATE workspace, powered by TCS Pace™, at the Boots headquarters in Nottingham. The new workspace is aimed at nurturing a start-up culture within the organization, helping Boots to uncover opportunities to leverage emerging technology. INNOVATE was designed in collaboration with TCS to be an agile incubator, combining creative space with top talent and emerging technology, powered by TCS Pace, the company’s proven framework for innovation at scale. The TCS Pace Innovation Architecture provides co-innovation mechanisms for creative problem solving through Pace Sprints, digital toolboxes to enhance collaboration and rapidly design new experiences, technology sandboxes to develop Proofs of Concept (PoCs), and a physical workspace that brings together all these enablers. Using Pace, TCS has been helping clients accelerate and scale their innovation programs to build competitive differentiation. Dedicated teams of intrapreneurs will leverage the INNOVATE

High-information product models make lighting design more efficient and preciseA new 3D CAD product configurator from a visionary in emergency lighting is online: INOTEC Sicherheitstechnik GmbH now offers configurable, multi CAD and BIM capable 3D CAD models of its escape sign and emergency luminaires. These can be downloaded free of charge via the manufacturer's website or the CADENAS download portals in more than 150 native and neutral CAD formats. INOTEC is reacting to the high demand for BIM data, facilitating the daily work of electrical planners and installers as well as the company's own field service team with comprehensive 3D CAD models. Work made easier thanks to simplified provision of extensive planning dataBefore the introduction of the 3D CAD product catalog, the product data was supplied in folders with various data sheets from which the specialist planners and installers had to gather the appropriate information. Digital design data was created by INOTEC on

Renon India, a leading Lithium-ion battery manufacturer, has selected KloudPLM to power its Product Development processes and Organizational Effectiveness. With advanced and robust features like Project Management, BOM Management, Purchase Management, and Rich Analytics, KloudPLM plays a pivotal role in helping organizations in their Digital Transformation journey.  Renon India is an advanced Lithium-ion battery pack manufacturer with a production capacity of 250 MW. Inspired by the government’s Make in India initiative, Renon India aims to be one of the largest manufacturers and battery technology experts across the globe. Renon India is an Energy Storage Design & Development Company with a commitment to Sustainable Futures.  As a manufacturing company with a quality mindset, Renon India designs and develops Li-Ion Battery Packs for Mobility, Energy Storage, and Stationary applications. Renon understands the value and importance of a Product Lifecycle Management (PLM) platform. However, Renon desired a secure and easy-to-implement PLM platform that didn’t require

Tata Consultancy Services (TCS), has helped Australian Energy Market Operator (AEMO), design and implement a futuristic solution that powers the Five-Minute Settlement (5MS) Program, creating a more efficient energy market in the country with better outcomes for energy producers, distributors and consumers. AEMO is an independent organisation that manages all electricity and gas systems and markets across Australia; responsible for the settlement of the National Electricity Market which connects the grids of eastern and southern Australian states to create a wholesale energy market. Previously, AEMO has only been able to settle the market in 30-minute blocks, limited by its ability to segment the data. This created an inefficient pricing outcome and was identified as a contributing factor to disorderly bidding. To address these inequities, the 5MS rule change was introduced, shifting the current 30-minute wholesale electricity spot market settlement period to five-minutes, thereby providing a better price signal for investment in faster

Third Module of the 2022 PLM MAR Report Series ANN ARBOR, Michigan, USA 26 July 2022—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the CIMdata PLM Market and Solution Provider Analysis Report, the third of five modules of the CIMdata 2022 Market Analysis Report Series. The MAR Series provides detailed information and in-depth analysis of the worldwide PLM market during 2021. It contains analyses of major trends and issues, revenues of leading PLM solution providers, and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. “The PLM market grew to $60.6 billion overall in 2021, 11.9% growth over 2020, and better than our forecast of 7.5%,” said Mr. Stan Przybylinski, CIMdata’s Vice President. “Electronic Design Automation (EDA) saw strong double-digit gains, driven by market leaders Synopsys, Cadence, and Siemens Mentor. But EDA market growth was strong overall, as

Cadence Design Systems, Inc. announced that it has entered into a definitive agreement to acquire privately held OpenEye Scientific Software, Inc., a leading provider of computational molecular modeling and simulation software being widely and increasingly used by pharmaceutical and biotechnology companies for drug discovery. The addition of OpenEye’s technologies and experienced team with its deep scientific expertise accelerates Cadence’s Intelligent System Design™ strategy and expands its total addressable market (TAM), bringing Cadence’s computational software expertise to apply proven algorithmic, simulation and solver advances to life sciences. Technological advancements, coupled with the rising demand for new drugs across a range of diseases, are driving increased demand for computational drug design. The growing utilization of computational techniques in drug discovery for pharmacology, chemical synthesis and drug screening to study the 3D structure of molecules is a major factor fostering the growth of the global biosimulation market, which has an estimated TAM of $2B and predicted

In the second quarter of the year, Bechtle AG’s earnings before taxes (EBT) amounted to €88 million, preliminary numbers suggest, an increase of some 8% over the previous year (€81.2 million). All in all, preliminary earnings are well above the analysts’ consensus estimate of around €78 million derived by Bechtle AG itself. Despite the ongoing supply bottlenecks, revenue from April to June rose by some 13% to around €1,400 million (previous year: €1,238.3 million). The EBT margin is expected to be above 6%. Bechtle AG will publish its report on the first half year and second quarter including the finalised figures on 11 August 2022. To view the original press release, please click here. Search for Bechtle on CIMdata.com

Infosys, a global leader in next-generation digital services and consulting, delivered a robust performance in Q1 with year-on-year growth at 21.4% and sequential growth at 5.5% in constant currency. Year on year growth was in double digits across all business segments in constant currency terms. Digital accounted for 61.0% of overall revenues, growing at 37.5% in constant currency. Net hiring was strong at 21,171. Operating margin for the quarter was 20.0%, with Free Cash Flow conversion at 95.2% of net profit. "Our strong overall performance in Q1 amidst an uncertain economic environment is a testament to our innate resilience as an organization, our industry-leading digital capabilities and continued client-relevance. We continue to gain market share and see a significant pipeline driven by our Cobalt cloud capabilities and differentiated digital value proposition," said Salil Parekh, CEO and MD. "We are investing in rapid talent expansion while ensuring rewarding careers for our employees, to

BONITA, renowned fashion retailer catering for the over-50s market segment, has selected Centric Software‘s Product Lifecycle Management (PLM). Centric Software® provides the most innovative enterprise solutions to plan, design, develop, source and sell products such as apparel, footwear, sporting goods, furniture, home décor, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals. BONITA was founded in 1969 and offers contemporary, feminine fashion for everyday wear. Headquartered in Germany, BONITA is now a household name with 500 stores located across Germany, Austria, Switzerland and the Netherlands. The business prides itself on exemplary customer service and currently employs 1,800 staff across Europe. “Although the business is recognized as a high street leader, BONITA now has its sights set on digitalization in order to respond to shifts in consumer behavior and keep pace with the changing marketplace,” Ursula Claus, Head of IT at BONITA elaborates. “Our consumers are increasingly moving online, so BONITA