BEND, OR, June 18, 2024 – Tech Soft 3D, the leading provider of engineering software development toolkits and end-user solutions for CAD/CAE data conversion, visualization, and data publishing, is pleased to announce the appointment of Cecile Quillard as its new chief financial officer. Reporting directly to Tech Soft 3D CEO Ron Fritz, Quillard brings extensive experience to her new role, having successfully led finance and operations teams internationally, enhancing organizational efficiency and performance. Her expertise includes the design of financial processes for strategic decision-making, support of acquisition workflows, and leadership of finance integration efforts.

Cecile Quillard

Most recently, Quillard played a pivotal role in the acquisition and integration of the CAMBRIO product line into the Sandvik Digital Manufacturing portfolio, where she oversaw all financial activities and business analytics. Quillard joined Sandvik in 2018 through its acquisition of Metrologic, where she managed finance and business control for various software business units and served as CFO for TDM Systems. Her previous roles include CFO of Hydrokarst SA, EMEA FP&A manager and EMEA consulting finance director at Infor, and financial controller at Datastream. “I have dedicated nearly my entire career to corporate finance within the software industry and have long admired Tech Soft 3D as a key technology partner,” said Quillard. “I am excited to be joining the Tech Soft 3D team, particularly as the company broadens its strategic vision by enhancing its developer toolkit business with advanced CAD data solutions for end-users. I look forward to working collaboratively across teams to drive strong financial performance for our business and partners.”

Commenting on the appointment, Fritz said, “Cecile is a highly accomplished CFO with extensive experience across numerous high-tech industries. Throughout her impressive career, she has consistently achieved strong financial results, instilled financial and operational discipline, and provided inspirational leadership. We are delighted to add such a proven player to our senior team to help lead us through our next phase of growth.”

About Tech Soft 3D

Tech Soft 3D is the leading provider of engineering software development toolkits and end-user solutions for CAD/CAE data conversion, visualization, and data publishing. Established in 1996 and headquartered in Bend, OR, Tech Soft 3D also has offices in USA, France, England, Japan, Germany and Norway. Tech Soft 3D is backed by investment firm Battery Ventures.

For more information, visit www.techsoft3d.com.

CINCINNATI, OH and WHITE BEAR LAKE, MN, June 14, 2024 – Manitou Manufacturing, a leading provider of stamped steel bearing housings and bronze bushed bearing assemblies, has launched an advanced online product configurator, created by CADENAS PARTsolutions. This transformative tool enables customers to seamlessly customize and download CAD files for Manitou’s renowned ball bearing mountings and agricultural bearings directly from the company’s website.

With a focus on high-volume production and unparalleled precision, Manitou Manufacturing specializes in delivering flanges to meet the diverse needs of OEMs, distributors, and design engineers. The newly introduced configurator revolutionizes the procurement process by offering customers instant access to customizable CAD files, eliminating the need for manual requests and reducing turnaround times.

“Our main product line consists of ball bearing mountings, which serve as integral components across various industries,” stated Naomi Mamer, the production manager at Manitou Manufacturing Co. “With the introduction of our online configurator, design engineers and procurement professionals can effortlessly access CAD files tailored to their specifications. The ease of use helps to make the design and procurement process more efficient.”

Prior to the implementation of the configurator, customers typically relied on manual requests via email or phone to obtain CAD files. The introduction of the online tool not only enhances accessibility but also addresses the evolving preferences of modern buyers, who seek streamlined solutions for sourcing product data and specifications.

“By offering a user-friendly interface and seamless integration with existing workflows, Manitou aims to elevate the customer experience and empower design engineers to bring their visions to life,” added Mamer.

In addition to customizable CAD downloads, the Manitou configurator provides comprehensive PDF data sheets, catering to the increasing demand for detailed product information. This new approach ensures that customer have access to all necessary resources to make informed decisions and integrate Manitou’s products directly into their projects.

About Manitou Manufacturing:

Manitou Manufacturing is a leading manufacturer of stamped steel bearing housings and bronze brushed bearing assemblies, serving diverse industries with precision-engineered solutions. With a commitment to quality, efficiency, and customer satisfaction, Manitou Manufacturing continues to innovate and set industry standards in bearing mounting solutions.

For more information on Manitou Manufacturing and its range of products, visit ManitouMFG.com.

About CADENAS PARTsolutions

CADENAS PARTsolutions provides 3D part catalogs and product configuration solutions, helping industrial component manufacturers increase sales leads and ensure that components get “designed in” to OEM products.

For more information, visit https://partsolutions.com/.

SAN FRANCISCO, CA, June 12, 2024 – Autodesk, Inc. reported financial results for the first quarter of fiscal 2025. This quarter’s revenue stood at $1,417M, 3.5% down compared to $1,469M of fourth quarter of fiscal 2024, with a profit of $252M.

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

“Autodesk is ahead of its peers in 3D AI and the industry clouds, platforms, and business model evolution that will be needed to deliver 3D AI products and services at scale. We can already use generative AI to quickly generate functional 3D shapes from a variety of inputs including 2D images, text, voxels and point clouds. We are well on the way to reasoning about all CAD geometry,” said Andrew Anagnost, Autodesk president and CEO. “We intend to retain and extend this lead while also driving to an industry-leading ‘Rule of Forty’ ratio of 45 or more.”

A complete chart of the financial results is available here.

About Autodesk

Autodesk is changing how the world is designed and made. Their technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps their customers to design and make a better world for all.

For more information, visit autodesk.com.

ITASCA, IL, June 11, 2024 – SyBridge Technologies, a global leader in design and manufacturing solutions, announced the launch of SyBridge Studio, a state-of-the-art manufacturing insights application, now available on the PTC Onshape App Store.

This advanced tool integrates a comprehensive suite of design for manufacturability (DFM) features, drawing upon SyBridge’s extensive expertise in injection mold tooling and production-grade additive manufacturing. Leveraging state-of-the-art logic and data-driven artificial intelligence (AI) algorithms built on a vast database of manufactured parts and tools, the application provides users with unparalleled insights to optimize designs early, assess production tradeoffs, and achieve superior results in cost, speed, and quality.

SyBridge is a portfolio company of Crestview Partners, a leading private equity firm with approximately $10 billion of aggregate capital commitments.

SyBridge’s new application integrates directly into Onshape, the industry’s foremost cloud-native CAD software, providing a powerful extension to the existing toolset available to Onshape users. The app’s user-friendly interface and robust features offer a significant enhancement to the design process, enabling engineers to produce high-quality, manufacturable designs efficiently.

Key Features of the SyBridge Studio include:

• Automated Design for Manufacturability (DFM) Checks: Quickly understand manufacturing issues and how to mitigate them with 80+ Design for Manufacturability (DFM) checks across manufacturing processes: injection molding, CNC machining, and multiple 3D printing technologies.
• Injection Mold Action & Insert Identification: Visualize parting directions and automatically identify various common tooling actions like slides, pins, inserts, lifters, bosses, and strippers.
• Part Thickness Analysis: Visualize material distribution with a full-field colored heatmap on your part CAD to easily identify thin, thick, or non-uniform walls that could cause manufacturing quality issues like warpage or sink marks.

In addition to these powerful features, SyBridge is actively developing future enhancements to the application’s capabilities with a comprehensive roadmap including cost insights and analysis tools, a material recommendation engine, and the ability to purchase parts directly from Onshape via SyBridge On-Demand.

“Going from an industrial design to physical parts is a time consuming processes, typically requiring multiple iterations between different technical domains. With the launch of SyBride Studio, we are excited to provide designers and engineers with a tool that not only makes this process easier and more efficient, but works directly in their CAD environment,” said Byron J. Paul, CEO of SyBridge Technologies. “Our application’s integration with Onshape underscores our commitment to delivering innovative solutions that seamlessly integrate into our customers’ existing workflows to help simplify and accelerate the design and manufacturing process.”

“We are thrilled to welcome this app to the Onshape App Store,” said Jon Hirschtick, co-founder and chief evangelist of Onshape. “This app provides our users with invaluable tools to get feedback as they are designing, ultimately helping them to achieve their business goals more effectively.”

Onshape users can easily access and install the new application directly from the Onshape App Store, enabling them to quickly take advantage of its powerful features. For more information about SyBridge Studio and to download it, please visit the Onshape App Store.

About SyBridge Technologies

SyBridge Technologies is the global leader in technology-enabled design, prototyping and manufacturing solutions for complex, high-precision parts. Its mission is to use technology to simplify and accelerate how parts are designed and manufactured. SyBridge is one of North America’s largest injection molding tooling platforms and the largest private on-demand digital manufacturer. Our AI/ML technology platform is supported by an industry-leading team of software engineers, computational geometry experts and data scientists.  SyBridge Technologies is backed by Crestview Partners and comprises 15 acquisitions that bring together different products, services, and technologies into a unified technology-enabled platform. SyBridge is headquartered in Itasca, Illinois and operates through 18 locations across North America, Europe, and Asia.

For more information, please visit www.SyBridge.com.

About PTC

PTC is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, MA, PTC employs over 7,000 people and supports more than 25,000 customers globally.

For more information, please visit www.ptc.com.

GUANGZHOU, China, June 10, 2024 – ZWSOFT, a reliable all-in-one CAx solutions provider, announced the release of ZWCAD MFG 2025, the latest version of its advanced 2D CAD solution for the manufacturing sector.

Expanded Part Library

ZWCAD MFG is an advanced CAD solution for manufacturing professionals to improve design standardization and efficiency. Built on the powerful ZWCAD platform, it enables users to create standardized, high-quality designs easier and faster by offering an extensive library of standard parts, intelligent drawing tools and other productivity-enhancing features. Moreover, it can be seamlessly integrated into PLM systems to achieve efficient management throughout the product lifecycle.

Elaine Zhu, go-to-market manager of ZWCAD MFG, said, “In ZWCAD MFG 2025, we had implemented significant advancements in various aspects including compatibility, accessibility, part libraries, drawing functionality and specialized tools. We believe that this version can help designers and engineers create standardized designs more efficiently.”

Let’s dive into the key new features and enhancements in ZWCAD MFG 2025.

AutoCAD Mechanical Compatibility

Format compatibility is essential for seamless data exchange and collaboration. In ZWCAD MFG 2025, we expanded its compatibility with AutoCAD Mechanical. It now can correctly read and freely edit entities including frames, title blocks, balloons, part references, BOMs and mechanical symbols. With this enhancement, users can use their legacy drawings easily when migrating to ZWCAD MFG, saving time and money.

ZWCAD MFG 2025 now supports the import of AutoCAD Mechanical drawings from 2012 to 2018 version.

Expanded Part Library

A comprehensive standard part library is indispensable for mechanical engineers to enhance design efficiency. The latest built-in library not only expands existing standards like ISO and DIN, but also adds 14 national standards including JIS, IS, PN, KS, AFNOR, ANSI, BSI, EN, TCVN and more. This upgrade enables engineers worldwide to benefit from an extensive array of standard part libraries.

2D Hide

To address graphical occlusions, we’ve introduced the 2D Hide function that allows users to quickly hide background graphics behind the outer contours of parts, thereby improving clarity and saving time spent on manual trimming. To meet diverse user needs, we also offer various options for 2D Hide including Hide by Trimming, Hide by Covering, Reference Clip and Hide in Part Out.

Part Reference

Part Reference

The new Part Reference function supports data association by tagging parts as references. This automatically generates BOMs and keeps data synchronized among BOMs, balloons, and part references, streamlining workflows and minimizing errors.

Scale Area

The Scale Area function divides model space into regions with different scales, so you can plot appropriately scaled engineering drawings conveniently. Two scaling options are provided:

• Length Scaling: It enlarges or shrinks geometry without touching the size of annotations.

• Text Scaling: It enlarges or shrinks annotations without touching the size of geometry.

Enhanced Moment of Inertia Calculation

Enhanced Moment of Inertia Calculation

Moment of Inertia Calculation is commonly used for the evaluation of structure reliability in industries like bridge building and steel profile manufacturing. In ZWCAD MFG 2025, we not only optimized its efficiency and accuracy, but also support the calculation of complex shapes, including closed shapes with holes, closed shapes with spline contours, discrete shapes, and shapes with centerlines. These enhancements enable users to handle intricate scenarios with more ease and confidence.

Deflection Calculation

Deflection Calculation

Deflection Calculation is another common function for the evaluation of structure reliability. In this version, we’ve added this function to improve design efficiency. It can quickly generate deflection lines and calculation result tables, helping engineers predict the deformation of beams under loads and optimize structures.

Sprocket/Pulley Design Tool

Sprocket/Pulley Design Tool

ZWCAD MFG 2025 now includes the Sprocket/Pulley Design Tool to help users quickly draw sprockets and pulleys. This specialized tool can draw sprockets and pulleys, calculate the length of chains and belts and draw chain and belt links. Additionally, when you change the position of sprockets and pulleys, the position of chains and belts will be updated accordingly, easing the process of design modification. This tool also supports the selection of national standards, ensuring that your drawing complies with the required standards.

Figure 5. Sprocket/Pulley Design Tool

Support for More Languages

Multi-language support is crucial for facilitating global collaboration and ensuring ease of use for users worldwide. In addition to Chinese, English, German, Japanese and Korean, ZWCAD MFG 2025 now supports Polish and Turkish. Users from these countries can use the application in their native language and get their work done easier.

Explore More

To learn more about the benefits of ZWCAD MFG and the enhancements in its latest version, check out the ZWCAD MFG product page.

Get Started with ZWCAD MFG 2025 Today

Contact us or download it now with a 30-day free trial and discover how it can help you create standardized designs easier and faster.

About ZWSOFT

ZWSOFT CO., LTD.(Guangzhou) is a reliable provider of all-in-one CAx (CAD/CAM/CAE) solutions with self-developed 2D CAD, 3D CAD/CAM, and electromagnetic/structural simulation technologies. Committed to advancing CAx technologies, ZWSOFT has set up 6 R&D centers in Guangzhou, Wuhan, Shanghai, Beijing, Xi’an and Florida as well as independently developed Overdrive, a 3D geometric modeling kernel.

Since 2004, ZWSOFT has sold its products to over 1,400,000 genuine users in AEC and MFG industries from more than 90 countries and districts. ZWSOFT has been recognized by well-known companies in mechanical, electronic, automotive, architectural, transportation, energy, etc. fields, such as CH. Karnchang, Deltamarin Poland, Dragados Offshore S.A., Hyundai KEFICO Vietnam, LG, and SIEMENS.

In the future, ZWSOFT will invest more heavily in the R&D of core CAx technologies and build reliable all-in-one CAx solutions with its 3D CAD geometric modeling kernel technology. Moreover, ZWSOFT will establish a sustainable and all-win ecosystem for the industry and make more contributions to the development of a high-end engineering software system.

For more information, visit www.zwsoft.com.

BEND, OR, June 5, 2024 – Tech Soft 3D, the leading provider of engineering software development toolkits, announces that it has acquired Theorem Solutions, makers of advanced solutions for CAD data translation and publishing. This acquisition is in line with the company’s plans to fuel growth by investing in product development, scaling the company’s global reach and increasing its product offerings through acquisitions.

Theorem’s CADTranslate and CADPublish products complement Tech Soft 3D’s HOOPS Exchange and HOOPS Publish software developer toolkits (SDKs), and creates an ecosystem of data translation, publishing and 3D PDF solutions for end-users and developers alike. Additionally, Theorem XR solutions provide capabilities for manufacturers to use their 3D CAD data in extended reality (XR) applications for numerous manufacturing use cases, such as design review, factory layout and more.

“We have long admired and appreciated Theorem’s deep expertise in CAD data exchange and have had a chance to work closely with the team as they created their solutions,” said Ron Fritz, CEO of Tech Soft 3D. “This acquisition not only makes Tech Soft 3D a one-stop shop for the most comprehensive set of CAD data translation and publishing solutions, and is also in line with our vision of helping users, developers and enterprises leverage the full value of their 3D data.”

The Tech Soft 3D organization will continue to be focused on providing core intellectual property to developers, while the Theorem team will continue to focus on delivering products directly to industrial end-users.

Mark Stowe, CEO of Theorem added, “Over the years, Theorem has built products on top of certain core component technologies from Tech Soft 3D, so we know the teams are compatible and our technologies complementary. We also know that we share a vision of how to extend the value of 3D data for manufacturing enterprises and their supply chains. We’re extremely excited about what we can achieve together.”

Tech Soft 3D intends to continue to maintain and support Theorem’s existing customers that are using its CADTranslate, CADPublish and TheoremXR offerings. Details of the acquisition are not disclosed. Tech Soft 3D is backed by global, technology-focused investment firm Battery Ventures.

About Tech Soft 3D

Tech Soft 3D is the leading provider of engineering software development toolkits. Established in 1996 and headquartered in Bend, OR, Tech Soft 3D also has offices in California, France, England, Japan and Norway. The company’s toolkit products power more than 700 unique applications running on hundreds of millions of computers worldwide. Tech Soft 3D is backed by investment firm Battery Ventures.

For more information, visit www.techsoft3d.com.

About Theorem Solutions

Theorem Solutions enables engineering and manufacturing companies to extend the use of their 3D design data in the latest innovative and emerging technologies. Established in 1991, and headquartered in Staffordshire, UK, with further offices in Michigan, USA. Theorem provides specialist tools for CAD translation, interactive documentation (3D PDF) and full scale immersive XR visualization and collaboration (augmented, mixed and virtual reality), to meet the needs of engineering today and for the future.

For more information, please visit www.theorem.com.

SAN FRANCISCO, CA, June 3, 2024 – Autodesk, Inc. announces the results of the Audit Committee investigation. As previously announced on April 1, 2024, the Audit Committee of the Board of Directors initiated an internal investigation regarding the company’s free cash flow and non-GAAP operating margin practices. The Committee has completed its planned procedures with respect to the investigation. The company’s management has determined that there will be no restatement or adjustment of any audited or unaudited, filed or previously announced, GAAP or non-GAAP financial statements.

“We appreciate your patience as we work through this important process. We take situations like this very seriously and are grateful to put the investigation behind us,” said Andrew Anagnost, Autodesk president and CEO. “In the first quarter of fiscal 2025, we generated broad-based growth in AEC and manufacturing across products and regions. The new transaction model implementation is on track. Our strong start sets us up well to achieve our goals for the year.”

The company also announces the following executive appointments.

Elizabeth “Betsy” Rafael has been appointed by the Board as Interim Chief Financial Officer (Principal Financial Officer), effective May 31, 2024. As Interim Chief Financial Officer, she is not currently an “independent director” for purposes of the Nasdaq Stock Market and has stepped down from the Audit Committee. She remains a director of the company.

Deborah L. Clifford has been appointed as the company’s Chief Strategy Officer, reporting to the Chief Executive Officer, effective May 31, 2024. Her responsibilities will include, among other things, corporate development, new vertical businesses that are outside Autodesk’s existing product groups, and the company’s Social Impact and Sustainability efforts.

Autodesk is working diligently to file its annual report on Form 10-K as soon as possible and to hold an earnings call to discuss first quarter fiscal 2025 results. Until the Form 10-K is filed and full first quarter earnings are reported, the company remains in a closed period and is restricted in its communications with investors.

Summary of the principal findings of the Audit Committee

The relevant time period for the investigation was fiscal years 2022, 2023, and 2024. A summary of the principal findings of the Audit Committee are set forth below:

• The company has historically relied on multiyear contracts with its enterprise and product subscription customers, billed upfront, to help meet its free cash flow targets. During the relevant period, the company engaged in programs designed to incentivize customers to accept multiyear upfront billing, renew early, and/or pay before the end of the fiscal year.
• The company has disclosed its practice of incentivizing customers to adopt multiyear upfront billing arrangements. It has also acknowledged that discounted multiyear upfront contracts reduce revenue and lower billings in out years. Though prior to fiscal year 2024, the company did not quantify free cash flow attributable to multiyear upfront billings, it has noted the contribution of upfront collections to fluctuations in the company’s quarterly reported long-term deferred revenue.
• During fiscal year 2022, the company announced that it had begun to shift enterprise customers to contracts billed annually, and that it had assumed fiscal 2023 enterprise contracts would be billed annually. The company subsequently determined, however, to pursue multiyear upfront contracts with enterprise customers to help meet its fiscal year 2023 free cash flow goal. Upfront billings of enterprise customers in fiscal year 2023 substantially exceeded historical levels, helping the company to meet its lowered annual free cash flow target.
• In addition, during the relevant period, certain decisions regarding discretionary spending, collections, and accounts payable were informed by their anticipated effects on the company’s external free cash flow and/or non-GAAP operating margin targets. The resulting actions generally served to reduce reported free cash flow and/or lower reported margin in the current period. Though free cash flow was one factor in the company’s executive compensation program, these decisions were not calculated to influence compensation outcomes.

The Audit Committee proposed certain remedial measures including: reviewing certain processes around financial communications and disclosures; assessing certain company organizational functions and responsibilities; and adopting and enhancing policies and processes related to the matters investigated.

Separate from the Audit Committee’s findings, the company notes that multiyear upfront billings of enterprise customers in fiscal year 2024 was substantially lower than fiscal years 2022 and 2023.

Preliminary results for first quarter fiscal 2025 and business outlook

Autodesk also announced preliminary results for the first quarter fiscal 2025 and business outlook as follows:

First Quarter Fiscal 2025 Preliminary Results

(1) Non-GAAP earnings per diluted share excludes approximately $0.69 related to stock-based compensation expense, $0.05 and $0.07 for the amortization of purchased intangibles and developed technologies, respectively, $0.07 for acquisition-related costs, and $0.02 for valuation allowance on deferred tax assets, partially offset by ($0.19) related to GAAP-only tax charges.

Autodesk’s business outlook for the second quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below.

Second Quarter Fiscal 2025

(1) Non-GAAP earnings per diluted share excludes $0.80 related to stock-based compensation expense, $0.15 for the amortization of both purchased intangibles and developed technologies, and $0.07 for acquisition-related costs, partially offset by ($0.16) related to GAAP-only tax charges.

Full Year Fiscal 2025

(1) Excluding the impact of foreign currency exchange rates and hedge gains/losses, revenue guidance range would be approximately 1 percentage point higher.

(2) Non-GAAP operating margin excludes approximately 11% related to stock-based compensation expense, approximately 2% for the amortization of both purchased intangibles and developed technologies, and approximately 1% related to acquisition-related costs.

(3) Non-GAAP earnings per diluted share excludes $3.16 related to stock-based compensation expense, $0.57 for the amortization of both purchased intangibles and developed technologies, and $0.20 related to acquisition-related costs, partially offset by ($0.65) related to GAAP-only tax charges.

(4) Free cash flow is cash flow from operating activities less approximately $30 million of capital expenditures.

The second quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 21 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings.

About Autodesk

The world’s designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars they drive and the bridges they drive over. From the products they use and rely on, to the movies and games that inspire them. Autodesk’s Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering their customers with the technology to create the world around us and deliver better outcomes for their business and the planet.

For more information, visit autodesk.com.

JACKSONVILLE, FL, May 31, 2024 – Revalize, a worldwide leader in CAD, CPQ, and PLM software solutions for manufacturers, today announced the appointment of five key executives to its leadership team. These strategic hires underscore Revalize’s strong commitment to addressing the critical challenges facing the manufacturing industry.

The appointments include Jason Rupert, chief revenue officer; Reiner Hofmann, SVP of EMEA Sales; Heather Boyd, SVP of Marketing; Oliver Staehelin, chief corporate development officer; and Christine Stewart, chief talent and productivity officer. All five executives bring a wealth of experience and expertise to Revalize, bolstering the company’s ability to provide innovative solutions and support to manufacturers worldwide.

As the manufacturing sector navigates the challenges of 2024, including economic uncertainty, a shortage of skilled labor, supply chain disruptions, and the imperative to innovate to meet net-zero emissions goals, manufacturers are under increasing pressure to enhance supply chain efficiencies and integrate software advancements into their operations.

These new leaders will play a pivotal role in helping Revalize’s customers overcome the complexities of the modern manufacturing landscape. With a focus on driving growth and operational excellence, each executive’s rich background and knowledge will be instrumental in Revalize’s mission to reshape the landscape of manufacturing software:

Jason Rupert, chief revenue officer, is an experienced C-level executive with a demonstrated history of driving meaningful growth and building high-performing teams. He has successfully led software businesses across different geographies, customer segments and go-to-market approaches. Jason joins Revalize from Pushpay, a PE-backed software company, and previously held leadership roles at Symplr, FIS, and Worldpay. Jason will spearhead organic growth efforts by leading the sales, marketing, and revenue operations teams.

Reiner Hofmann, senior vice president of EMEA Sales, is an experienced Senior Sales leader with a demonstrated history of driving accelerated high growth by building high-performing teams. Reiner joins Revalize from Tacton, a leading provider of CPQ SaaS Solutions for complex manufacturing, where he served as CRO, and previously held leadership roles at Qt Company and Fluke Networks. Reiner will drive organic growth efforts by developing the sales team, implementing innovative sales strategies, introducing advanced data analysis metrics and processes to identify trends, customer behavior and strengthening customer relationships.

Heather Boyd, SVP of marketing, was most recently leading international marketing efforts at Auctane, a Thoma Bravo company, where she spearheaded initiatives in building brand awareness and generating demand for e-commerce delivery solutions. Prior to her time at Auctane, Heather served as the EMEA marketing director at Oracle. With over 20 years of experience, Heather is a driven marketing leader specializing in awareness, demand, and pipeline generation, making her a valuable addition to the Revalize team.

Oliver Staehelin, chief corporate development officer, brings a diverse and accomplished background to the team. Oliver has successfully led many acquisitions and a recapitalization in his prior role at Harver. In addition, he has served as a CFO and founded his own business, which he sold. Oliver will lead all corporate development initiatives and drive critical inorganic strategy.

Christine Stewart, chief talent and productivity officer, has more than 25 years of experience across human resources, general business management, business transformation and engineering.  She most recently served as the chief human resources officer with Eagleview, a PE-backed technology company, and has held leadership roles at Kodak, Alaris, and Xerox. Christine brings a wealth of business experience with a proven record of successfully leading talent, engagement, and transformational initiatives.

“We are thrilled to welcome these talented individuals to the Revalize team,” said CEO Mike Sabin. “Their proven track records of success delivering mission-critical solutions position them exceptionally well to support our customers in overcoming the challenges they face in today’s rapidly evolving manufacturing industry. Together, we will leverage our collective expertise to ensure tangible value for our customers by delivering impactful solutions that address their business needs.”

About Revalize

Founded in 2021, Revalize is the premier idea-to-cash solution on a journey to reshape the future of manufacturing – powering greater outcomes for businesses who design, model, develop and sell, with a portfolio of industry-leading CAD, PLM, and CPQ solutions. The Company serves more than 15,000 customers across the globe. Revalize is a portfolio company of TA Associates and Hg.

Learn more at www.revalizesoftware.com.

About TA

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.

More information about TA can be found at www.ta.com.

About Hg

Hg support the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well. With a vast European network and strong presence across North America, Hg’s 400 employees and $65bn in funds under management support a portfolio of more than 45 businesses, worth over $120 billion aggregate enterprise value, with over 100,000 employees, consistently growing revenues at more than 20% annually.

If you’d like to see more, check Hg out at www.hgcapital.com.

About ST6

ST6 is an elite team of software operating executives that partner with private equity sponsors to transform software companies and accelerate value creation.

BROOMFIELD, CO, May 29, 2024 – Spatial Corp, the leading software development toolkit provider for design, manufacturing and engineering solutions and a subsidiary of Dassault Systèmes, announced that it has added HOOPS Communicator, developed by Tech Soft 3D, to complement and extend its portfolio of component technologies. With the addition of HOOPS Communicator to Spatial’s 3D components portfolio, Spatial now enables web-based visualization of and interaction with 3D data for a diverse range of design, engineering and manufacturing workflows.

Adding HOOPS Communicator to Spatial’s product portfolio allows its customers to expand their applications to the web while reusing their IP from traditional desktop applications. As a result, Spatial’s customers can leverage many new opportunities on the web, including extended customer-reach, more access control, and less costly distributions, updates and maintenance.

“We are excited to enhance our portfolio by adding HOOPS Communicator. This addition enables Spatial customers to seamlessly implement powerful web applications for various engineering workflows, building on robust 3D modeling kernel and 3D InterOp components for data conversion, preparation and reuse,” said Jean-Marc Guillard, CEO, Spatial Corp.

One of Spatial’s newest customers is a vivid example of the tight integration of HOOPS Communicator with the 3D modelers CGM and ACIS as well as 3D InterOp. The customer plans to release a new web-based application for architectural, engineering and construction (AEC) workflows, which allows users to digitally create, review and finalize designs for homes, buildings and plants – all before costly construction begins – in collaboration with stakeholders across globally distributed sites.

Additional examples of web-based workflows enabled by HOOPS Communicator used in conjunction with Spatial’s 3D modelers CGM and ACIS and 3D InterOp include:

• Virtual twin applications for numerous manufacturing processes such as sheet metal fabrication, 3D printing and multi-axis milling, as well as a wide range of robotic systems
• Collaborative inspection applications for parts and assemblies with both geometry and product manufacturing information (PMI)
• On-demand catalogs for 3D parts and assemblies for diverse kinds of industrial applications

Like HOOPS Visualize for developing native applications, which Spatial has integrated with its SDKs and resold since 2012, HOOPS Communicator provides comprehensive out-of-the-box API functionality for a variety of engineering workflows on the web. Such functionality avoids having to recreate the same functionality in WebGL or with open-source frameworks. Furthermore, unlike OEM solutions, HOOPS Communicator allows custom interaction with 3D data.

Contact Spatial today to learn more about how HOOPS Communicator can unlock the power of the Web for 3D workflows.

About Spatial

Spatial Corp, a Dassault Systèmes subsidiary, is a provider of 3D software development toolkits for technical applications across a broad range of industries. Spatial 3D modeling, 3D visualization, and CAD translation software development toolkits help application developers deliver market-leading products, maintain focus on core competencies, and reduce time-to-market. For over 35 years, Spatial’s 3D software development toolkits have been adopted by many of the world’s most recognized software developers, manufacturers, research institutes, and universities. Headquartered in Broomfield, CO, Spatial has offices in the USA, France, Germany, Japan, China, and the United Kingdom.

For more information, visit www.spatial.com.

CHIASSO, Switzerland, May 28, 2024 – ProgeSOFT has reached a new milestone in the development of its flagship CAD product releasing progeCAD 2025 on the brand new engine with highly anticipated Advanced Blocks support to streamline design workflow. CAD professionals can now create and edit blocks with parameters, actions, and visibility states just like with AutoCAD dynamic blocks. progeCAD 2025 maintains blocks smart parameters when it opens AutoCAD drawings with existing dynamic blocks and transparently converts them into Advanced Blocks on editing.

The new major release also proudly showcases:

Enjoy the old perpetual license model with the new progeCAD 2025 functionality and no annual fee.

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• the new progeCAD Generative AI Translator, which allows CAD users to translate all or part of their drawings into any language,
• the new AEC module compatible with AutoCAD AEC Objects,
• and the new ARX API framework for easy porting of AutoCAD applications to progeCAD.

progeCAD 2025 also offers enhanced performance in several areas:

• faster opening drawings with multiple blocks and external references,
• quicker editing geometry with the QBREAK and EBREAK commands,
• easier GIS/Map image editing with Rubber sheeting.

There are multiple improvements in other areas as well.

Below are just a few highlights of the new features and enhancements of progeCAD 2025:

• New engine with thousands of bug fixes
• Advanced Blocks (aka AutoCAD Dynamic Blocks): Transparently convert Dynamic Blocks to Advanced Blocks. The block editor also allows you to create and edit Advanced Blocks using parameters, actions, and visibility states as with AutoCAD Dynamic Blocks
• New 3D AEC Architectural Module: The new AEC package, compatible with AutoCAD AEC Objects, allows you to draw 3D architectural elements with a two-dimensional view in plan
• Generative AI Drawing Translator: The new progeCAD text translator for drawings uses the translation engine by Google AI to translate all or part of your drawing into any language
• Rubber Sheeting: Use rubber sheeting on images to align geographically two or more different data sets from different sources: for example, when stretching a new subdivision map into a preexisting parcel map.
• New DATAEXTRACTION: Added new functions and the ability to create dynamic tables inside the drawing that can be updated based on drawing changes.
• ARX API: The new API framework compatible with AutoCAD ARX Classes, which makes significantly facilitates the porting of AutoCAD applications to progeCAD.
• New BIM Importer: Direct import of Autodesk Revit files (up to v. 2024) selecting the entire model or a specific View
• IFC Export: Create IFC from DWG with the new experimental IFCEXPORT and IFCEXPORTOPTIONS commands. It is possible to include .rvt, .ifc underlays, and AEC Objects when exporting to .ifc files. Specify the IFC4 or IFC4x3 schema when exporting to .ifc files and set display properties for AEC styles.

“By incorporating Advanced Blocks into our CAD package, we’ve given the progeCAD community the long-awaited feature, which will make your everyday design tasks quick and effortless. And with the new ARX API framework implemented in progeCAD 2025, we’re looking forward to the tremendous value these new applications could add to our already outstanding CAD platform.” said Marco Lucini, CEO at ProgeSOFT SA.

progeCAD Professional is a 2D/3D DWG/DXF CAD supporting AutoCAD DWG versions 2.5 – 2025 and ensuring full compatibility for sharing DWG/DXF drawing files. Getting started with progeCAD is intuitive for those familiar with AutoCAD. Extra tools included with progeCAD Professional enable it to offer improved performance with organising a CAD professional daily design routine. These are 3D PDF export, the PDF to DWG converter, the Vectorizer, the Block Libraries Manager, the AEC Objects Architectural Module, the Artisan Render module, multiple file formats support to exchange data with other software applications, and more. progeCAD is the smart DWG CAD platform used by engineers, architects, construction professionals, interior designers, real estate developers, product designers, and the list can go on and on.

To learn all new features of progeCAD 2025, please consult the what’s new page on the website https://www.progesoft.com/products/progecad-professional/progecad2025-whats-new and for the complete list of the software functionality go to https://www.progesoft.com/products/progecad-professional/features.

About ProgeSOFT SA

ProgeSOFT SA is a private software company which specialises in cost-efficient CAD solutions. With a vast experience of operation in the CAD industry, ProgeSOFT offers the versatile CAD platforms for Windows and MAC and applications for architectural, mechanical, electrical, Maps, GIS, HVAC/Piping and other industries. ProgeSOFT is also a founder and executive member of the IntelliCAD Technology Consortium.

For more information, visit www.progesoft.com.