Industry Summary Articles

Cadmatic, a global developer of integrated design, engineering, and digital twin software for the marine and process industries, has strengthened its delivery capabilities for CADMATIC Wave through an expanded collaboration with Bosch Software and Digital Solutions (SDS).  This reinforces Cadmatic’s ability to scale Wave, its marine-focused Product Lifecycle Management (PLM) platform, designed to provide…

Hexagon AB has acquired ITRES Research Limited (“ITRES”), a Calgary-based provider of high-performance airborne hyperspectral and thermal imaging systems, strengthening Hexagon’s ability to deliver richer multi-sensor geospatial data for advanced airborne mapping and analysis. The acquisition brings together two complementary portfolios under one provider. Hexagon contributes a market-leading suite of…

Trimble introduced its cloud-native Transportation Management System (TMS) for North American shippers, connecting the Trimble ecosystem to manage modern supply chain complexities. The TMS allows shippers and third-party logistics providers to automate fragmented workflows and improve carrier-shipper transactions within a single, connected environment. Trimble TMS for Shippers is an agile,…

PTC announced its latest wave of product innovations to help customers move faster, build smarter products, and unlock more value from their data. Unveiled this week at the PTC NEXT™ Chicago event, the innovations include two new cross-portfolio products, a new AI platform, 12 new AI agents, 10 new integrations, and major…

PTC announced the release of Creo 13 and Creo+ 13.3, the latest versions of its on-prem and SaaS Creo® computer-aided design (CAD) solution. The release introduces the Creo AI Assistant, along with hundreds of enhancements across model-based product development, simulation-driven design, and manufacturing, to help engineering teams deliver better designs…

Beck Technology announced the general availability of DESTINI® Cloud, a cloud-native, AI-enabled preconstruction platform that unifies estimating, takeoff, bidding, and analytics into a single, connected environment. The launch represents the most significant product advancement in Beck Technology’s 30-year history and introduces a new category of connected preconstruction platforms designed to serve as…

Oracle Corporation announced another record quarter with strong revenue growth across its Cloud Infrastructure and Cloud Applications businesses. Total quarterly revenues increased 21% to $19.2 billion, reflecting broad-based demand for Oracle's industry-leading cloud technology and applications suites. Cloud revenues (IaaS + SaaS) increased 47% to $9.9 billion driven by 93%…

Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, announced a global strategic partnership with Anthropic, the frontier AI company behind Claude, to help customers scale enterprise AI adoption. TCS will setup a dedicated Business Unit focused on delivering strong customer value propositions, joint industry solutions…

Schaeffler and Sonatus, a leader in intelligence-driven, software-defined vehicle technology, announced a global partnership to bring Edge AI into motion control solution for software-defined vehicles (SDVs). By combining Schaeffler’s control units with Sonatus’ AI-infrastructure software, the companies enable intelligence directly at the vehicle edge – accelerating development, reducing complexity, and…

L&T Technology Services, a global leader in AI, Digital & ER&D Consulting Services, announced a strategic go-to-market partnership with Databricks, the leading Data and AI company, to co-develop and deliver Industrial AI solutions that advance Engineering Intelligence (EI) for asset-intensive enterprises. Anchored in LTTS' Sustainability segment, spanning Process Engineering, Discrete Manufacturing and Industrial…