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(Reuters)  Siemens AG has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early as Monday, the person said, asking not to be identified because the agreement is not yet public. The two companies did not immediately respond to requests for comment. Melville, New York-based CD-adapco makes computer programs used by engineers to simulate the inner workings of an engine. Those products will complement a business unit of Siemens focused on product lifecycle management software, the person added. Since taking over Siemens as chief executive two years ago, former finance chief Joe Kaeser has set out to reshape the German company and make it more profitable and less cumbersome by selling off non-core units. But Siemens has increasingly had to compete with software companies who can develop technology faster

NAFEMS, the International Association for the Engineering Modeling, Analysis & Simulation Community, and CIMdata have announced plans to co-host two events dedicated to “Driving Industry to Model-Based Systems Engineering” and “Engineering Analysis & Simulation in the Automotive Industry” on April 27th and 28th, 2016 respectively, in Troy, MI. These events will focus on delivering information and insights on critical topic areas in a manner that maximizes the “take-away” value for attendees.  "For several years, NAFEMS and CIMdata have worked closely together to provide mutual assistance and support for establishing best practices in several areas of engineering analysis, systems modeling and simulation,”said Matthew Ladzinski, Vice-President - Americas, NAFEMS. “It is through our collaborative efforts with CIMdata on this workshop and related activities, combined with our existing partnership with the International Council on Systems Engineering (INCOSE) to form a joint cross-organizational working group on systems modeling and simulation, that we are able to deliver guidance to individuals and companies interested in integrating analysis

Delcam has added more five-axis machining functionality in the 2016 R2 release of its FeatureCAM CAM programming software.  Other enhancements include improved control and simulation capabilities for multi-axis machines, plus options to reduce both programming and machining times. FeatureCAM was the world’s first feature-based programming software when it was launched in 1995.  Constant development since then has ensured that the system has retained its leadership in programming speed and ease of use, while an increased range of strategies has been added to provide more efficient toolpaths that give greater productivity on a wider range of machinery, including turn/mill machines, five-axis mills and wire EDM equipment. FeatureCAM 2016 R2 introduces the ability to machine features aligned to the Z axis by using the C axis, rather than by moving in the X and Y axis.  This option, which is commonly known as polar milling or polar indexing, can be used in situations where

The Nina Ricci brand known worldwide for its iconic dresses and luxurious range of ready-to-wear couture collections has been able to reduce time to market by 15 days by using Centric Software's PLM. Centric 8 PLM solution offered support for the entire product lifecycle reducing the time to reach market by 15 days and also eliminated the unproductive time spent searching for information in disconnected files. It also offered a faster and more accurate costing and pricing by decreasing the data errors by 20-30 per cent. This also resulted in lowering the data entry time by 10 days for each collection, Centric Software said in a media release. According to Emmanuel Debaene, the operation director of Nina Ricci, previously they treated every collection as completely new and had no ability to accurately cross-refer, compare and analyse information throughout styles and years. Reflecting the importance that the Nina Ricci brand places on materials, its

SAP SE  today announced its financial results for the fourth quarter and full year ended December 31, 2015. SAP had exceptional momentum in the fourth quarter with fast growth in cloud and double-digit growth in its core license business. For the full year, non-IFRS cloud and software revenue grew by 20% or 12% at constant currencies and exceeded the outlook of 8% – 10% growth at constant currencies. New cloud bookings, the key measure for SAP’s sales success in the cloud, increased 103% in the full year to €883 million and 75% in the fourth quarter to €344 million. Non-IFRS cloud subscriptions and support revenue was €2.30 billion (€2.00 billion at constant currencies, achieving the full year outlook of €1.95 to €2.05 billion at constant currencies). Non-IFRS operating profit was €6.35 billion (€5.903 billion at constant currencies, beating the full year outlook of €5.6 – €5.9 billion at constant currencies). “Our strength in 2015

Signal Integrity Software Inc. (SiSoft) and MathWorks will present the technical paper, “Two for One: Leveraging SerDes Flows for AMI Model Development,” today at DesignCon 2016 in Santa Clara. This paper presents a process that lets SerDes designers directly leverage models created during the SerDes design process to create IBIS-AMI simulation models. AMI models can then be provided to customers much earlier in the SerDes lifecycle, allowing feedback on applicability for customer applications while there is still time to adapt the actual design.  “AMI model development typically occurs only after the SerDes design has been finalized,” noted Barry Katz, SiSoft’s President and CTO. “AMI models are also generally created by a different group, so some knowledge of the original design intent gets lost in translation. This flow lets SerDes engineering create AMI quickly and efficiently. Reusing SerDes design models for AMI development has been a longstanding, but previously unattainable goal for many

CADSoftTools would like to present CAD DLL 11, a new version of a CAD library for developers. CAD DLL 11 is a new version of the library for viewing and conversion of different CAD files including AutoCAD DWG/DXF, HPGL, SVG, CGM and others. CAD DLL is especially essential when you require the drawings to be visualized quickly as speed is one of the main advantages of the library. Drawing visualization has become more precise. Import and export of DWG/DXF files as well as import of some entities have been improved a lot. Now CAD DLL has a number of new functions to make your work with the component more convenient and efficient. Handling of SHX fonts has been also improved. Moreover, CAD DLL now supports Big SHX fonts.   The full list of improvements and changes included in CAD DLL 11: Export to DWG 2004 XML API, a unique easy-to-use XML API containing a single function that allows integrating the

Cadence Design Systems, Inc. announced the availability of the Sigrity™ 2016 technology portfolio, which improves product creation time with an enhanced PCB design and analysis methodology that is ideal for multi-gigabit interfaces. To speed up the qualification of a physical design for the USB Implementers Forum (USB-IF) compliance test, the Cadence® Sigrity technology portfolio includes automated support for IBIS-AMI model creation, fast and accurate channel model extraction using multiple field solvers, and an automated power-aware signal integrity analysis report to validate a virtual USB 3.1 channel. These technologies, when used together, can shave weeks off the design process. Previously, IBIS-AMI model creation has been a manual process. The Sigrity 2016 technology portfolio now leverages validated equalization algorithms used by the Cadence Design IP SerDes PHY team and provides an automated methodology for combining, paramaterizing and compiling the algorithms into an executable model. This can increase the pool of engineers capable of efficiently

PTC reported financial results for the first quarter of fiscal 2016 ended January 2, 2016. Q1 Fiscal 2016 Overview First quarter FY'16 revenue was $291 million GAAP; $292 million non-GAAP. GAAP net loss was $25.5 million or $0.22 per share driven by a $37 million restructuring charge; non-GAAP net income was $57 million or $0.50 per share. As compared to the first quarter of FY'15, currency negatively impacted revenue by approximately $21 million and negatively impacted non-GAAP EPS by approximately $0.06 per share. James Heppelmann, President and CEO, said, "PTC delivered a solid Q1, reflecting continued momentum in our subscription program and IoT business. Subscription bookings represented 28% of total bookings, ACV was higher than guidance, and more than 80% of our software revenue was recurring during the quarter. Despite the higher mix of subscriptions in the quarter, we delivered non-GAAP EPS above our guidance range, reflecting a discrete tax benefit in the quarter and continued expense discipline." Heppelmann added, "In IoT, new logo additions were strong, with 65 this quarter compared to 42

CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces that CIMdata’s Simulation-Driven Systems Development Knowledge Council and NAFEMS will come together to present two unique events that will be of interest to the simulation and systems engineering communities. The events will take place in Troy, Michigan on April 27 & 28. On April 27, CIMdata will present a workshop that will explore the theme, “Driving Industry to Model-Based Systems Engineering.” The workshop will consider the cross-industry and cross-discipline focus on the ever-expanding intersection of emerging model-based systems development methods and technologies with functional systems modeling and simulation tools and the best practices required to enable effective simulation-driven systems development. “CIMdata recently announced the formation of a Simulation-Driven Systems Development (SDSD) consulting practice and Knowledge Council to better focus on the opportunities and challenges inherent in attaining SDSD over the coming decade. The inaugural SDSD Knowledge Council Workshop, on