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Formlabs raised $35 million in Series B funding from Foundry Group and Autodesk, and is excited to announce plans to strategically collaborate with Autodesk. Led by Foundry Group, the investment round includes participation from existing investors DFJ Growth, Pitango Venture Capital, and Pascal Cagni, bringing Formlabs’ total investment to date to $55 million. The new investment will enable us to scale operations to meet growing customer demand worldwide, grow R&D efforts, and to extend Formlabs’ reach in the market and ecosystem. “Formlabs' efforts over the years in introducing new materials and capabilities have defined the category of professional desktop 3D printing, resulting in significant growth for the company along the way,” said Max Lobovsky, co-founder and CEO of Formlabs. “With the new investment, we’re excited to develop more powerful tools to enable anyone working with 3D content to create remarkable things. Formlabs will continue to grow the stereolithography business and bring

Electronics For Imaging (EFI) has announced that its  Optitex software operation and Needham, MA, based PTC will introduce an integrated offering of their solutions to give fashion and apparel brands and retailers the ability to connect the EFI Optitex 3D Visual Platform with PTC’s  FlexPLM solution. EFI Optitex software is a 2D CAD and 3D Digital Product technology for the textile industry, and PTC is a leading provider of product lifecycle management (PLM) solutions, along with the  ThingWorx Internet of Things (IoT) technology platform. The integrated Optitex and PTC offering will allow brands and retailers to leverage 3D to review and validate their collections within a few weeks of design, rather than several months later, companies report. It will also allow them to collaborate at a much faster rate within their organizations, as well as with their customers and supply chain partners, to enable more time for design changes, make better decisions and

Each year Microsoft’s global partners gather to get news of the latest developments within Microsoft. This year the event was held in Toronto, Canada, and it started with a great opening speech from Microsoft’s CEO. Satya Nadella emphasized the importance of the partner network to “empower every person and every organization on the planet to achieve more”. Nadella expressed that partners are crucial for enabling customers to transform their own business and reinvent productivity with the technologies provided by Microsoft. Two years ago Nadella discussed the empower-mission and how Microsoft is the productivity and platform-company for the mobile-first and cloud-first world. All Microsoft products and solutions are connected in one cross-platform, cross-device, operation system that is focused on the combination of work and private life of people. As businesses are increasingly becoming part of the open world within social media and mobile workforces, so consumers are targeted with mobile devices

GRAPHISOFT has introduced significant updates to its multi award-winning BIM presentation and communication app, BIMx. The latest update adds new features to both BIMx and BIMx PRO. BIMx (free) now provides free access to the full set of project information including 2D documents 3D models and any non-geometric data incorporated into BIM. Accessing the full contents of the Hyper-model no longer requires a PRO license, making free mobile PDF viewers entirely redundant for accessing ARCHICAD project documentation on construction sites. BIMx PRO (paid) now provides an on-demand measurement feature on iOS for both 2D documentation layouts and for 3D Hyper-models. As a result, BIMx users can take measurements (length, area, angles) on Hyper-models using mobile devices. In addition, the real-time magnifier tool on layouts and the smart point/edge snapping functions and guidelines in 3D provide intuitive help. The BIMx update also includes a number of functions for Android users, previously

TXT Retail continues its growth in Asia. Auchan China will manage the full spectrum of their Retail processes with TXTPlanning and TXTPLM, from design and product development, to merchandise, assortment and in-season planning. China’s retail industry has grown exponentially in recent years, both in volume and in sophistication. Auchan China’s challenge to accurately service consumer demands in over 70 hypermarkets, has become more acute, facing competition from traditional brick and mortar and ecommerce players. With TXT Retail, Auchan China will tackle the competition head-on by managing the end-to-end Merchandise Lifecycle Management process on one platform featuring advanced technology and unique functionality. “TXT Retail has proven that it is a solid strategic partner through a long term relationship with our Parent company Auchan France and it is able to support our journey with innovative solutions and planning practices” commented Zheng Jianping, Chief Information Officer of Auchan China. “Selecting TXTPlanning

Trimble today announced financial results for the second quarter of 2016. Second quarter 2016 revenue of $609.6 million was up 4 percent as compared to the second quarter of 2015. Engineering and Construction revenue was $351.2 million, up 4 percent. Field Solutions revenue was $87.1 million, approximately flat. Mobile Solutions revenue was $138.1 million, up 8 percent. Advanced Devices revenue was $33.2 million, up 4 percent. Foreign currency translation had a neutral impact on company revenue compared to the second quarter of 2015.  GAAP operating income was $40.5 million, up 13 percent as compared to the second quarter of 2015. GAAP operating margin was 6.7 percent of revenue as compared to 6.1 percent of revenue in the second quarter of 2015.    GAAP net income was $35.7 million, up 38 percent as compared to the second quarter of 2015. Diluted GAAP earnings per share were $0.14 as compared to diluted GAAP earnings per share of $0.10 in the second quarter of 2015. Non-GAAP

Tech Mahindra Ltd. today announced the audited consolidated financial results for its first quarter ended June 30, 2016. Financial highlights for the quarter (₹) Revenue at ₹ 6,921 crore; up 10.0% YoY Operating profit (EBITDA) at ₹ 1,029 crore; up 13.7% YoY Consolidated PAT at ₹ 750 crore, up 20.5% YoY Earnings per Share (EPS) was ₹ 8.59 for the quarter ended June 30, 2016 Financial highlights for the quarter (USD) Revenue at USD 1,031.5 mn; up 4.3% YoY and 0.9% QoQ Operating profit (EBITDA) at USD 153.4 mn; up 7.9% YoY and down 10.4% QoQ Consolidated PAT at USD 111.5 mn, up 14.0% YoY and down 12.8% QoQ Other Highlights Total headcount at 107,216; adds 1,784 professionals during the quarter Software headcount stood at 73,590; BPO at 27,326 Cash and Cash equivalent of  ₹ 5,747 crore as of June 30, 2016 The Active Client count stood at 818 in Q1 Vineet Nayyar, Vice Chairman, Tech Mahindra, said, "We have had a steady quarter inspite

3D Systems Corporation announced today its financial results for the second quarter and six months ended June 30, 2016. For the second quarter of 2016, the company reported revenue of $158.1 million and a GAAP loss of $0.04 per share and non-GAAP earnings of $0.12 per share. Quarterly revenue benefited from continued strong demand for the company’s healthcare solutions and software as well as higher materials orders from healthcare and industrial customers. However, these gains were not enough to offset the lower demand for 3D printers and on demand manufacturing in the quarter, resulting in a 7% decrease in revenue compared to the second quarter of 2015. Gross profit margin for the second quarter of 2016 increased to 50.9% benefiting from the company’s shift away from consumer products and increased sales of higher margin materials, software and healthcare solutions. The comparable period of 2015 included charges in connection with the consolidation

NBS and Autodesk have announced their intention to work together to develop the next generation of information and knowledge management integration. NBS will help Autodesk and its customers with support for the BS1192 Building Information Modelling (and the future International Organisation for Standardisation standards) processes and the next generation of integration with product objects, specifications as well as standards and regulatory information. Supporting improvements in information and knowledge management through the project workflow, the collaboration will simplify decision making process for customers by implementing enhanced integration between the products. This integration of geometry and data will simplify decision making, provide access to content through the entire project workflow and enable collaboration across the different disciplines, saving time and money.This means that Architects, Surveyors and Engineers can gain access to critical information, reducing risk to business owners and managers. And for manufacturers, it provides the opportunity to place key information at the

Arena Solutions today released highlights of its success in penetrating the automotive component supplier industry. Automobiles are rapidly becoming at least as intricate and interactive as a smartphone. From deep wireless device integration to driverless automobiles and the software defined car, vehicles rolling out of the factory are many times more complex than they were just a few short years ago, and IoT (Internet of Things) plays a central role. With hundreds of IoT companies already in its stable of customers, Arena is enjoying enviable traction in this white hot market segment. Competitive pressures and the need for rapid innovation are requiring auto component suppliers, many of them very young companies, to rapidly produce completely new modules and subcomponents. Even more challenging, they must do so in high mix and high rate-of-change production runs while simultaneously improving quality and functionality with every release as they sprint to be first to