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PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

Siemens opens beta testing for forthcoming launch of NX

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Siemens has opened beta testing of its next update of NX, the engineering giant’s computer-aided design software.

The NX application is part of Siemens product lifecycle management (PLM) software unit, and can also be used for computer-aided manufacturing and computer-aided engineering.

NX – sort for Siemens Next Generation Design – includes design functions and simulation capabilities which feature real-world physics, and the company is strongly emphasising the new additions for additive manufacturing. [Read more…] about Siemens opens beta testing for forthcoming launch of NX

HP and Siemens deepen additive manufacturing alliance

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HP and Siemens have announced an expansion of their strategic alliance in industrial additive manufacturing (AM).

The two companies will incorporate new systems and software innovations including overall product life-cycle management (PLM), AM factory optimisation and industrial 3D printing.

The expanded additive manufacturing solution from Siemens and HP integrates hardware, software, data intelligence, and services to optimise the efficiency of the entire manufacturing process.

[Read more…] about HP and Siemens deepen additive manufacturing alliance

Siemens to buy Mendix for $700 million to ‘strengthen digital leadership’

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Siemens has agreed to buy application developer Mendix for $697 million. 

The engineering giant says Mendix will continue as a distinct company and provide the “low-code” cloud software on which it has built its reputation.

The closing of transaction is expected in the first quarter of fiscal year 2019.  [Read more…] about Siemens to buy Mendix for $700 million to ‘strengthen digital leadership’

Team Penske forms technical partnership with Siemens

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Engineering giant Siemens will support Team Penske’s Nascar, Indycar and Supercar programs in a partnership between the two companies.

Team Penske will implement Siemens’ software for digital design and simulation.

The new technical partnership between Team Penske and Siemens is a multi-year agreement.  [Read more…] about Team Penske forms technical partnership with Siemens

Siemens selects Blue Software for proofing and artwork annotation in its product lifecycle management software

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Blue Software, a provider of design collaboration software, says its proofing and artwork annotation technology is now available as “advanced proofing” in the Siemens Teamcenter portfolio.

Siemens claims its Teamcenter is the world’s most widely used digital lifecycle management software.

Anyway, it’s part of Siemens’ product lifecycle management software business. A list of popular PLMs can be found here.  [Read more…] about Siemens selects Blue Software for proofing and artwork annotation in its product lifecycle management software

Siemens buys Infolytica to further expand its product lifecycle management offering

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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.  [Read more…] about Siemens buys Infolytica to further expand its product lifecycle management offering

Stibo Systems launches new version of its Spire product lifecycle management software

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Stibo Systems has launched the latest version of its product lifecycle management software.

Stibo says its new SpirePLM 8.2 is a comprehensive PLM solution enabling organizations to reduce the time required to introduce new products to market, compete efficiently and meet market and consumer expectations.

The company says it realised that new product introduction and product updates must be managed effectively in today’s digital world to achieve success.  [Read more…] about Stibo Systems launches new version of its Spire product lifecycle management software

Quest Global partners with Siemens to develop digital manufacturing solutions

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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.  [Read more…] about Quest Global partners with Siemens to develop digital manufacturing solutions

PTC’s product lifecycle management bookings double over last four quarters

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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.  [Read more…] about PTC’s product lifecycle management bookings double over last four quarters