Industrial automation company Emerson has reached a deal to acquire Paradigm, a provider of software solutions for the oil and gas industry.
The purchase price is $510 million, which Emerson says reflects a multiple of 13 times expected 2017 EBITDA.
Emerson says it will combine Paradigm with its existing Roxar software business to provide an exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modeling. Continue reading Emerson to acquire Paradigm for $510 million
Veo Robotics has raised $12 million in Series A funding led by Lux Capital and Google Ventures, which is now called GV.
GV’s Andy Wheeler and Lux’s Bilal Zuberi will join the Veo board of directors.
Siemens, through its company Next24, which previously invested in Veo, also participated in the latest funding round. Continue reading Software developer Veo Robotics raises $12 million in funding
vPersonalize – which is backed by venture capital company Accel – says its patented 3D design-to-manufacturing automation software enables mass adoption of a new way of manufacturing
A US company called vPersonalize is claiming to have become the first company to launch a unified design-to-manufacturing software solution.
The company says the new application is aimed at brands, designers and manufacturers to enhance operational efficiency, optimize product development, and help bring innovative products to market quickly.
Utilising a portfolio of patented technologies, vPersonalize says it has delivered “the only design to manufacturing automation solution that makes small batch and custom manufacturing viable at regular price points”. Continue reading vPersonalize launches ‘first’ integrated 3D design and manufacturing automation software for one-off, small batch and on-demand manufacturing
Software Advice, a business unit of Gartner, has produced a list of manufacturing software applications which would be worth perusing if you’re on the market for such things.
Even if you’re not looking to buy, it’s worth noting that the manufacturing sector is gradually being digitised, or digitalised. It’s increasingly about how well you know
Nowadays, it’s increasingly about how well you know software. Having said that, making things remains the fundamental activity, of course. Continue reading Software in manufacturing: A list of the most well known
General Electric claims it was the first company to have launched an industrial internet of things platform when it released Predix last year.
The company’s software business unit, GE Digital, has been generating revenues of more than $4 billion a year, and looks like it’s strongly influencing the future direction of the overall business.
Another of the big ideas at GE is the “Brilliant Factory” concept, which is essentially the digitalisation of anything and everything that can be digitised in a manufacturing or industrial process. Continue reading General Electric deepening its interest in the software business
Dassault Systèmes has launched the latest version of its SolidWorks 3D design and engineering application.
The company says SolidWorks 2018 features an integrated, end-to-end solution for the design to manufacturing process that enables businesses of any size to rethink their approach to how parts and products are made and quickly bring innovative ideas to market in today’s experience economy.
Powered by Dassault Systèmes’ 3DExperience platform, which is probably a product lifecycle platform, SolidWorks 2018 is said to support a business’ complete design through manufacturing strategy with solutions that simplify the interactions between disciplines across the product development workflow. Continue reading Dassault Systèmes launches SolidWorks 2018
Siemens has entered into an agreement to acquire Montreal, Canada-based Infolytica, expanding the company’s simulation suite into electromagnetics.
Infolytica is said to be one of the original pioneers in the field of simulating low-frequency electromagnetics and its market-leading simulation software is used by manufacturers worldwide to predict electromagnetic and thermal performance.
This accelerates the development of reliable and optimized solutions for electric and electromagnetic devices such as electric machines – including motors, generators and transformers – as well as sensors, induction heating, magnetic resonance imaging, and shielding. Continue reading Siemens buys Infolytica to further expand its product lifecycle management offering
Exclusive interview with Mike Bell from Canonical, the company behind Ubuntu
There’s a lot of talk about the Robot Operating System. Understandably so. But the most widely used operating system in robotics and automation systems development is actually Ubuntu.
In fact, ROS is not actually an operating system at all – it’s a set of software frameworks, or a software development kit, to be installed into an operating system like Ubuntu.
As Mike Bell, executive vice president of internet of things and devices at Canonical, explains in an exclusive interview: “It’s a bit confusing because it’s called Robot Operating System, but the reason is because if you’re developing robot applications, you don’t need to worry about the fact that it’s running on Ubuntu.
“You just write your application to interface into a ROS SDK and then deploy on Ubuntu.” Continue reading Interview with Ubuntu boss: A rich ecosystem for robotics and automation systems
Quest Global and Siemens have reached an agreement to build and deliver a suite of digital manufacturing solutions for customers across verticals.
By adding the Siemens digital twin offerings, Quest – which likes to write its name as QuEST – says it can now showcase a complete range of connected manufacturing solutions.
This will be further bolstered by the establishment of two Digital Factory Innovation Labs, in Bengaluru and Belgaum, India. Continue reading Quest Global partners with Siemens to develop digital manufacturing solutions
Riftek, the optoelectronic measurement and systems manufacturer, has released a new multifunctional software application that utilises its RF625 series 2D laser scanners for automated seam tracking and measurement with welding robots.
Available with full support in the in the UK and Ireland from Ixthus Instrumentation, Riftek’s exclusive distributor, the Riftek Lamia software is intended for recognizing, tracking and measuring geometric parameters of objects such as weld seams in accordance with a selected maths algorithm which is derived from a template.
The PC based software interfaces to the client robot controller to transmit results and includes data visualisation and the setting and control of the RF625 laser scanner’s parameters. Continue reading Riftek launches automated software for robotic weld seam tracking and measurement
GE Ventures and Silver Lake have invested $40 million into Aras, a provider of enterprise product lifecycle management software.
The investment round was led by Silver Lake Kraftwerk, a fund of Silver Lake, with participation from GE Ventures, the investment arm of General Electric.
Aras says it will use this minority investment to drive growth, expand operations – including Aras’ service and support – and further extend Aras’ technology leadership through development and acquisitions. Continue reading GE Ventures and Silver Lake invest $40 million into Aras product lifecycle management
PTC says bookings for its product lifecycle management software-as-a-service solution have doubled over the last four quarters.
This expansion complements PTC’s new subscription model and aligns with the recent findings of a cloud PLM study conducted by CIMdata, an independent global strategic management consulting and research authority focused on the PLM market.
According to CIMdata, 95 percent of current and prospective cloud PLM customers surveyed plan to purchase PLM Cloud in the next 24 months, while 72 percent plan to in just 13 months. Continue reading PTC’s product lifecycle management bookings double over last four quarters
Arena Solutions, a provider of cloud-based product lifecycle management solutions has received an investment from JMI Equity, a growth equity firm focused on investing in software companies.
Arena describes itself as all-in-one product development platform that unites PLM, application lifecycle management, supply chain collaboration, and quality management systems.
Founded in 2000, Arena claims it invented cloud-based PLM and today provides an all-in-one product development platform that unites PLM, ALM, supply chain collaboration, and QMS for the design and manufacture of complex electronics. Continue reading Product lifecycle management provider Arena receives strategic growth investment from JMI Equity
Kollmorgen says it has updated its developer network, added more functions and made it easier to use on mobile and desktop computer.
“It’s so much easier when you work as a team,” say the company in a statement. “This is why Kollmorgen has thoroughly revised and expanded the web-based customer community KDN – Kollmorgen Developer Network.”
The new version of the online knowledge base is really easy to use on all PCs, tablets, and smartphones – thanks to its responsive design, says the company. Continue reading Kollmorgen updates its developer network software
GE Digital has launched the latest version of its manufacturing execution system software, Production Manager.
The company says the new version of Production Manager addresses important issues where existing plant floor IT systems are inconsistent across plants and, therefore, managers can’t re-use configurations, leverage expertise, or lower overall MES costs.
The software completely digitizes paper-based processes so companies can increase production output per person, reduce reporting and administration, decrease defects and material required, and ensure up-to-date routes and work instructions. Continue reading GE Digital launches new version of manufacturing execution system