Category Archives: Digital Transformation

Synechron Announces Five Strategic Senior Appointments

NEW YORK, NY, LONDON, UK and PUNE, India, May 24, 2024 – Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, is pleased to announce five strategic senior appointments that align with the company’s overall growth objectives.

Christine Olmstead, newly appointed as head of corporate development, has over two decades of experience in mergers and acquisitions, crucial for Synechron’s expansion strategy. Christine’s extensive trajectory in the field, including pivotal roles at Avanade, McKinsey, and Fujitsu, has honed her skills in global strategy development and deal origination, positioning her to effectively lead Synechron’s future M&A initiatives and post-merger integrations.

Aaron Momin, stepping into the role of chief information security officer (CISO), brings over 28 years of expertise in cybersecurity and risk management. His tenure as CISO at Certinia showcased his capability to elevate security maturity and resilience – both of which are crucial elements of ensuring robust information security and compliance frameworks are in place across all Synechron’s global operations.

David Straube, the new head of investor relations, has almost three decades of experience and is recognized for his strategic approach to building investor relations programs that foster long-term shareholder value. Having held senior positions at EPAM and Accenture, David is well-equipped to enhance Synechron’s relationships with the investment community and support the company’s growth trajectory.

Surabhi Ramamurthy, taking on the role of head of Asia Business Unit, has 18 years of experience in the banking and capital markets sectors. Surabhi’s background includes leadership roles at Accenture and DXC Technology, where she effectively managed large teams and drove innovation throughout the APAC region. Her expertise will directly contribute to accelerating growth and strengthening Synechron’s market presence in Asia.

Christina Savvas, appointed as global head of brand, brings two decades of expertise and is known for her insight-driven approach to marketing and brand partnerships. Her experience at American Express, where she led global digital brand and content initiatives, makes her ideally suited to spearhead Synechron’s global brand strategy, driving both brand value and business volume.

With this series of appointments, Synechron underscores its commitment to leadership excellence. Moreover, the company is poised to leverage these new capabilities to maintain its competitive edge and respond dynamically to the fast-evolving global market.

Faisal Husain, Synechron co-founder and CEO, commented, “Each of these leaders brings a wealth of experience and a proven track record that will undoubtedly propel Synechron towards achieving its strategic goals. We’re excited to see the new directions they will inspire in their respective areas.”

About Synechron

At Synechron, they believe in the power of digital to transform businesses for the better. Their global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end artificial intelligence, consulting, digital, cloud & DevOps, data, and software engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs they develop solutions for modernization, from artificial intelligence and blockchain to data science models, digital underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing commitment to their talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 51 offices in 20 countries within key global markets.

For more information on the company, please visit Synechron website.

DDN, Ooredoo Partner for AI Digital Transformation

CHATSWORTH, CA, May 24, 2024 – DDN, the global pioneer in artificial intelligence (AI) and multi-cloud data management solutions, announced a transformative partnership with Ooredoo, Qatar’s premier telecommunications operator and information and communications technology (ICT) provider. This collaboration leverages DDN’s unparalleled expertise in advanced AI workflows, establishing Ooredoo as a frontrunner in the ICT sector by significantly enriching its service offerings.

Through this strategic alliance, Ooredoo will adopt DDN’s sophisticated AI infrastructure, including sovereign AI capabilities, to drive innovation and improve operational efficiencies across its networks. DDN’s proven solutions enable Ooredoo to deploy state-of-the-art AI technologies, ensuring their customers access the most robust and dynamic ICT services, optimized for today’s digital challenges.

“At Ooredoo, we are committed to promoting inclusive access to digital services and resources, as well as developing innovative solutions to improve our customers’ experiences,” says Thani Ali Al-Malki, chief business officer, Ooredoo Qatar. “With DDN’s expertise and cutting-edge technologies, we are poised to transform Qatar’s digital infrastructure and provide our customers with the latest advancements in AI and Sovereign Cloud Storage solutions. The partnership with DDN not only bolsters our position as an integrated ICT provider but also enables us to enhance operations for customers in Qatar and beyond.”

This partnership underscores DDN’s commitment to fostering AI advancements by providing scalable, high-speed storage solutions that empower enterprises like Ooredoo to fully leverage their data, thereby delivering exceptional service quality and pioneering new paths in AI-enabled communications.

“Organizations like Ooerdoo require robust AI and At Scale applications to meet customer demands and accelerate and maximize their market opportunities,” said Ankur Arora, Middle-East and Africa regional director, DDN. “DDN has a legacy of success in delivering efficient and cost-effective infrastructure, and our partnership will enable Ooredoo to set new benchmarks in technology and service excellence.”

About DDN

DDN is a leading global provider of data storage and data management solutions at scale. They accelerate AI and High Performance Computing workflows and applications in data centers, private and public clouds, and at the edge. Thanks to their technology, over 11,000 customers realize significant efficiencies in their GPU and CPU compute farms, substantially reducing their data center power consumption and footprint. Utilizing highly optimized flash technology and AI-enabled software, their products power some of the largest and most demanding customers in the world in fields such as autonomous driving, AI chatbots, healthcare, financial services, manufacturing, energy, government, public sector, and research institutions, as well as generative AI and data analytics applications.

For more information, visit

Siemens Announces Catapult AI NN

PLANO, TX, May 22, 2024 – Siemens Digital Industries Software today announced Catapult AI NN software for High-Level Synthesis (HLS) of neural network accelerators on Application-Specific Integrated Circuits (ASICs) and System-on-a-chip (SoCs). Catapult AI NN is a complete solution that starts with a neural network description from an AI framework, converts it into C++ and synthesizes it into an RTL accelerator in Verilog or VHDL for implementation in silicon.

Catapult AI NN brings together hls4ml, an open-source package for machine learning hardware acceleration, and Siemens’ Catapult HLS software for High-Level Synthesis. Developed in close collaboration with Fermilab, a US Department of Energy Laboratory, and other leading contributors to hls4ml, Catapult AI NN addresses the unique requirements of machine learning accelerator design for power, performance, and area on custom silicon.

“The handoff process and manual conversion of a neural network model into a hardware implementation is very inefficient, time consuming and error-prone, especially when it comes to creating and verifying variants of a hardware accelerator tailored to specific performance, power and area,” said Mo Movahed, vice president and general manager for high-level design, verification and power, Siemens Digital Industries Software. “By empowering scientists and AI experts to leverage industry-standard AI frameworks, such as neural network model design, and by seamlessly synthesizing these models into hardware designs optimized for power, performance, and area (PPA), we’re opening a whole new realm of possibilities for AI and machine learning software engineers. Our new Catapult AI NN solution allows developers to automate and implement their neural network models for optimal PPA concurrently during the software development process, ushering in a new era of efficiency and innovation in AI development.”

As runtime AI and machine learning tasks migrate from the datacenter into everything from consumer appliances to medical devices, there is a rapidly growing requirement for “right-sized” AI hardware to minimize power consumption, lower cost and maximize end-product differentiation. However, most machine learning experts are more comfortable working with tools such as TensorFlow, PyTorch or Keras, rather than synthesizable C++, Verilog or VHDL. There has traditionally been no easy path for AI experts to accelerate their machine learning applications in a right-sized ASIC or SoC implementation.

The hls4ml initiative is intended to help bridge this gap by generating C++ from a neural network described in AI frameworks such as TensorFlow, PyTorch or Keras. The C++ can then be deployed for an FPGA, ASIC or SoC implementation.

Catapult AI NN extends the capabilities of hls4ml to ASIC and SoC design. It includes a dedicated library of specialized C++ machine learning functions that are tailored to ASIC design. Using these functions, designers can optimize PPA by making latency and resource trade-offs across alternative implementations from the C++ code. Moreover, designers can now evaluate the impact of different neural net designs to determine the best neural network structure for hardware.

“Particle detector applications have extremely stringent edge AI constraints,” said Panagiotis Spentzouris, Fermilab Associate Lab Director for Emerging Technologies. “Through our collaboration with Siemens, we were able to develop Catapult AI NN, a synthesis framework that leverages the expertise of our scientists and AI experts without requiring them to become ASIC designers. Moreover, this powerful new framework is also ideal for seasoned hardware experts.”

Catapult AI NN is available for early adopters now and will be available to all users in the fourth quarter of 2024. To learn more about Catapult AI NN, visit

About Siemens Digital Industries Software

Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens’ software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today’s ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software – Accelerating transformation.

AVEVA Opens Customer Experience Center in Hyderabad, India

HYDERABAD, India, May 20, 2024 – AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has announced the opening of a state-of-the-art Customer Experience Center in Hyderabad as part of its commitment to India’s growth. The new Center, one of just six such technology hubs worldwide, is among AVEVA’s largest, with advanced R&D labs housing more than 1200+ technologists.

AVEVA chief commercial officer Sue Quense said at the opening ceremony: “India holds significant importance for AVEVA’s global business, and the cities of Hyderabad and Bangalore are essential top-tier locations thanks to their robust talent pool and strategic advantages.  The Hyderabad Customer Experience Center will showcase our advanced industrial R&D and demonstrate the role of digital innovation for future-forward businesses while also contributing to India’s Viksit Bharat vision by fostering sustainable growth, development, and prosperity.”

Customers visiting the new AVEVA Center can experience first-hand the transformative role of connected ecosystems in leveraging artificial intelligence (AI) and digital twins for sustainable business outcomes at a time of rapid industrial transformation. There are immersive demonstrations of centralized command and control capabilities, R&D engineering services, cloud dev ops, and technical support. In addition, visitors will be able to engage with AVEVA’s sustainability-focused Innovation Lab.

Indian smart cities alongside global success stories

Lighthouse success stories from AVEVA’s local and global customers base that are available at the Center include Pimpri-Chinchwad Municipal Corporation (PCMC), Nava Raipur and Namchi, all frontrunners of India’s 100 Smart Cities mission. PCMC, home to two million residents, aims to be India’s most livable city by 2030. With AVEVA’s Unified Operations Center, it has decreased energy use and emissions by 15-20%, cut water losses by 15-18%, and reduced traffic congestion by 20-25% , reducing pollution and accelerating traffic circulation.

International success stories include the silo-breaking ecosystem collaboration for US-based power company Dominion Energy, which has developed a new revenue stream by sharing real-time data about renewable power generation with its customers.

Ajit Kulkarni, vice president and India market leader, AVEVA India said: “With the new Hyderabad Customer Experience Center, I am delighted to showcase AVEVA’s expertise, spanning over fifty years and backed by Schneider Electric. As leaders in industrial data management and AI-infused solutions, our technologies are trusted by top companies worldwide. The landmark opening will enable us to equip business leaders to meet the twin challenges of digitalization and sustainability in the emerging connected economy of the future.”

The launch featured a comprehensive display of AVEVA’s deep portfolio applications of applications tailored for industries that are critical to the global economy, including energy and hydrogen, chemicals, power, manufacturing, and mining, minerals and metals. Specific industrial solutions showcased at the event included AVEVA solutions for engineering, operations, and asset management. These include CONNECTAVEVA Unified Operations CenterAVEVA E3 DesignAVEVA PI System and AVEVA Process Optimization.

With over 16% of revenue invested in R&D, AVEVA has 10 dedicated R&D centers around the world with 43% based in India, and six Customer Experience Centers, including facilities in London, UK and San Leandro, Lake Forest and Houston in the USA, Beijing, in China and now Hyderabad, in India.


AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. The company’s secure industrial cloud platform and applications enable businesses to harness the power of their information and improve collaboration with customers, suppliers and partners.

Over 20,000 enterprises in over 100 countries rely on AVEVA to help them deliver life’s essentials: safe and reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA enables teams to engineer efficiently and optimize operations, driving growth and sustainability.

Named as one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of more than 6,400 employees, 5,000 partners and 5,700 certified developers. With operations around the globe, AVEVA is headquartered in Cambridge, UK.

For more information, visit

Siemens Announces Techcellence Awards at Realize LIVE 2024

PLANO, TX, May 17, 2024 – At Realize LIVE 2024, Siemens Digital Industries Software announced today the winners of its inaugural Techcellence Awards. Developed to recognize companies that are striving for change through transformation and sustainability, as well as individuals who are leading through innovation and acting as a champion for digital technology and sharing their knowledge with the Siemens community. Winners are awarded VIP attendance passes for Realize LIVE 2025, which will take place in June 2025 in Detroit.

Siemens’ inaugural Techcellence Awards were presented at Realize LIVE Americas

“The Siemens’ Techcellence Awards celebrate our customers’ remarkable contributions to drive digital transformation and sustainability initiatives. They also spotlight individuals who champion the Siemens Xcelerator portfolio, pushing the boundaries of innovation within their organizations,” said Robert Jones, executive vice president, Global Sales and Customer Success, Siemens Digital Industries Software.

The Sustainability Impact award celebrates an organization that demonstrates exceptional commitment to sustainability by leveraging Siemens technologies to drive positive environmental and social impact. It recognizes leaders in decarbonization, energy efficiency, resource management, circularity, as well as those empowering communities and embracing data-driven sustainability insights.

Blendhub empowers food producers by optimizing global supply chains and accessing new markets, providing them with the necessary tools and resources to thrive. With its Food-as-a-Service model, it not only reduces environmental impact but also aims to revolutionize the food industry. Its portable micro factories, powered by digital twin technology, enable local production of food powders, ensuring freshness and reducing transportation costs. Furthermore, its commitment to traceability helps to guarantee transparency and high quality throughout their production process. Blendhub, the Sustainability award winner, show unwavering commitment to traceability which guarantees transparency and quality throughout their production process.

The Digital Transformation award recognizes the achievement of an organization that is fully integrating digital technologies on their path toward becoming a sustainable digital enterprise. Driving transformation in new and innovative ways for businesses to achieve their digital objectives, while also streamlining processes faster, easier, and at scale. We applaud this organization for their displayed ability to combine the real and digital worlds in order to collect, understand, and meaningfully use the generated data to drive digital initiatives.

EnerVenue, a pioneer in metal-hydrogen batteries for clean energy, has integrated Siemens solutions into their digital roadmap. By aligning its technology initiatives with long-term goals, it has achieved improvements in efficiency and cost savings. Using Siemens’ Teamcenter X, NX and Simcenter, EnerVenue has transformed its R&D processes and manufacturing floor.

Through a comprehensive digital twin approach, they have accelerated product introduction, enabled flexible manufacturing, and optimized performance. EnerVenue, the Digital transformation award winner, embrace innovative solutions exemplifying its dedication to pioneering advancements with a focus on boldness, simplicity and engagement.

The Community Champion award recognizes an individual who has gone above and beyond by sharing their expertise with Siemens technology. This award honors an individual who helps peers by sharing their knowledge by providing answers, speaking at events and creating publications while championing Siemens products and providing valuable feedback and insight to make the products better. The Siemens community champion exhibits exemplary community leadership through their substantial public contributions.

Steffen Bangsow has been awarded the Community Champion Award for his outstanding commitment to the Siemens community. In 2023, he provided nearly 1,000 responses in forums, earning him the prestigious Community Catalyst title. As the host of Tecnomatix Virtual Meetups, he engaged over 550 attendees and gained a following of 150+ community members. With his expertise as a simulation expert and author of a leading teaching book, Steffen has been an invaluable resource to over 200,000 users worldwide.

The Innovation Leader award honors Siemens’ customers who exemplify creativity and forward-thinking by driving transformative change within their industries. These trailblazers are generating groundbreaking ideas, products or processes that redefine what is possible. We recognize and celebrate these customers that leverage Siemens technologies and solutions to drive organizational progress.

In 2021, Brazilian glass manufacturer, Vivix Vidros Planos, set a 3-year industrial transformation roadmap to address its longstanding manual processes and a fragmented data landscape. As Industrial Transformation Manager at Vivix, Aristóteles Terceiro Neto has been instrumental in aligning a best-in-class ecosystem of technology providers – Siemens, AWS, SAP and Mendix – to change the way his organization delivers meaningful software solutions.

Since adopting Mendix in 2023 Vivix, alongside expert partners TrueChange and Mekatronik, has delivered 25+ low-code applications that are digitizing production, logistics, and finance processes and enabling them to rapidly prototype and implement emerging technologies. A stand-out recent example is Virtual Engineer, a Mendix-built chatbot that integrates AI by way of AWS Bedrock and will help to reduce customer case handling by over 80%. As this year’s Innovation Award winner, Aristóteles exemplifies Vivix’s mission to “pioneer innovation every day with unwavering boldness, simplicity, and engagement.”

About Siemens Digital Industries

Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 72,000 employees internationally.

For more information, visit website.

ServiceNow, Fujitsu Partner for Digital Transformation

LAS VEGAS, NV, May 17, 2024 – At ServiceNow’s annual customer and partner event, Knowledge 2024, ServiceNow, the AI platform for business transformation, and Fujitsu Limited, an industry leader in IT services and digital transformation solutions, announced a new strategic commitment to launch innovative cross‑industry solutions designed to maximize value for customers globally. The companies will launch a new Fujitsu‑ServiceNow Innovation Center to focus on digital transformation and customer success, and Fujitsu will expand its own use of the Now Platform on its way to provide even greater value to customers.

As organizations across industries evolve from decades of manual work, legacy systems, and limited resources that slow operations and impact services, ServiceNow and Fujitsu will use automation to help businesses streamline siloed enterprise systems, applications, and complex business processes. The companies will first target the manufacturing sector and bring to the market solutions to manage overall Engineering Chain Management (ECM) and Supply Chain Management (SCM) operations.

To accelerate innovation and development, the Fujitsu‑ServiceNow Innovation Center development hub will open in Kawasaki City, Japan, in the second half of 2024, where the two companies will focus on collaborating on new solutions for customers, implement marketing activities and drive mutual human resource development to achieve higher quality customer success. These efforts will initially focus on cloud‑based offerings that contribute to streamlining customer operations and realizing data‑driven management by combining ServiceNow’s complementary solutions with Fujitsu Uvance, a business model of Fujitsu that aims to grow businesses and solve societal issues.

“Enterprises worldwide need a digital business model that frees up resources to fuel innovation,” said Bill McDermott, ServiceNow chairman and CEO. “This presents a massive opportunity for our partnership with Fujitsu. ServiceNow’s innovative, AI‑first platform alongside Fujitsu’s deep industry expertise and global scale, will bring incredible value to our customers, turning their most complex operational challenges into opportunities for growth.”

“Fujitsu has been working with customers to improve a wide range of business and societal challenges using the powerful ServiceNow platform,” said Yoshinami Takahashi, vice president and COO for Uvance at Fujitsu Limited. “As we embark on this new strategic partnership with ServiceNow, we will deepen the integration of our respective technologies and practical knowledge, including in areas like generative AI, as part of our efforts to develop a digital society, one of Fujitsu’s materialities. The new cross‑industry offerings created through this partnership will provide even greater value to more customers and society.”

To further leverage ServiceNow as a powerful, integrated platform, Fujitsu and ServiceNow will combine Fujitsu’s world‑class advisory services called “Fujitsu Customer Advisory and Support Excellence” (CASE) with the power of ServiceNow Impact – a comprehensive value acceleration solution from ServiceNow, to provide enhanced customer support. The insights gained from Impact’s global deployments, tools, and knowledge can be seamlessly translated into customers’ ServiceNow platforms through CASE’s professional services and will be globally available later this year.

As a ServiceNow customer, Fujitsu plans to use tools like Now Assist AI to improve the efficiency and automation of business operations, and use the knowledge gained to significantly streamline the development of innovative new offerings. For example, Fujitsu expects that by using generative AI capabilities like Fujitsu Kozuchi and Now Assist, they’ll reduce incidents by approximately 30%.

In recognition of Fujitsu’s expansive, business transformation solutions and services, the company was named the 2024 RiseUp with ServiceNow Worldwide Partner of the Year in and was also recognized by ServiceNow with several partner awards for the APAC region in 2024.

For more information on the ServiceNow – Fujitsu partnership, visit here.

About ServiceNow

ServiceNow is putting AI to work for people.  We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes.

For more information, visit

About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$28 billion) for the fiscal year ended March 31, 2024 and remains the top digital services company in Japan by market share.

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Siemens Announces Opcenter X

PLANO, TX, May 15, 2024 – Siemens Digital Industries Software announced Opcenter X software, a new more accessible solution for digital manufacturing that is part of Siemens Xcelerator portfolio. It delivers Siemens’ leading manufacturing execution system (MES), scheduling, quality, and analytics capabilities in a modular, easy to implement and inherently collaborative cloud environment.

Built natively for the cloud, Opcenter X lowers the time and cost barrier for small to medium-sized manufacturers in part manufacturing and additive manufacturing industries to accelerate their digital transformation journey. It enables them to rapidly realize return-on-investment with modular capabilities that adapt as the enterprise matures and requirements grow.

“Cloud-based digital transformation is a fundamental focus for many manufacturers seeking to manage today’s product and process complexity, disruptive technologies, supply chain volatility and tightening margins,” said Zvi Feuer, senior vice president, digital manufacturing software, Siemens Digital Industries Software. “Using disconnected point solutions to solve the rapidly changing challenges facing manufacturing will soon be not only impractical, but detrimental to many. Opcenter X provides a fully integrated solution that grows with a manufacturers’ needs, enabling them to target critical areas of their business, then expand the digitalization footprint as needed, without the time, cost and resources associated with integrating disparate, on-premises, legacy systems.”

Siemens has developed Opcenter X to help revolutionize the manufacturing operations management (MOM) process. Opcenter X delivers a SaaS-based approach to MOM that can help small and medium businesses become more agile and provide competitive advantages over larger manufacturers. With highly-flexible and adaptive solution that is easy to implement, small and medium size enterprises will now be able to reconfigure manufacturing lines with relative ease and speed – without the need for costly IT and implementation overheads required by inflexible legacy systems.

WKS Door Systems, a specialist design and manufacturer of architectural door products based in Escobedo, Mexico, implemented Opcenter X to assist with monitoring real-time progress of a complex production orders process. They used Opcenter X to create a new production schedule in 30 minutes (compared to 8 hours) – a reduction of 93 percent – as part of streamlining its production processes and improving efficiency.

“Our collaboration with Siemens to pilot the use of Opcenter X has yielded remarkable results. In addition to providing tools, they’ve offered valuable insights, helping us shape a promising future. As part of Siemens Xcelerator portfolio, Opcenter X has driven our digital transformation, giving greater agility and productivity to our production processes,” said Eduardo Zacarias, chief operating officer, WKS Door Systems.

“Manufacturing operations management (MOM) software is evolving to a modular, native cloud-based architecture,” said James Prestwood, industry analyst at ABI Research. “This makes it accessible to a broader spectrum of companies. As a result, manufacturers, particularly the small and medium businesses, can start small, and scale up quickly to become an agile and innovative market leader in their segment of the manufacturing world”.

To learn more about how Siemens Digital Industries Software is revolutionizing Manufacturing Operations Management with Opcenter X, visit

About Siemens Digital Industries Software

Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens’ software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today’s ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software – Accelerating transformation.

Siemens Digital Introduces Solido IP Validation Suite

PLANO, TX, May 8, 2024 – Siemens Digital Industries Software introduced Solido IP Validation Suite software, a comprehensive, automated signoff solution for quality assurance across all design intellectual property (IP) types, including standard cells, memories and IP blocks. This new solution provides complete quality assurance (QA) coverage across all IP design views and formats, as well as version-to-version IP qualification for more predictable full-chip IP integration cycles and faster time-to-market.

Integration of off–the-shelf design IP for next-generation semiconductor designs continues to expand due to the quality-enhancing and time-saving advantages of IP reuse and modularization. To achieve silicon success, all IP must be validated for correctness and consistency early in the design flow, as issues discovered late in the design cycle may result in costly tapeout revisions or silicon re-spins.

Design IP is articulated in multiple design views such as logical, physical, electrical, timing, and power analysis contexts. However, thoroughly validating IP across all these perspectives and formats can be particularly time-consuming, often leading to significant production schedule delays.

The Solido IP Validation Suite helps to minimize these delays by providing production and integration teams with automated, comprehensive and customizable IP validation capabilities. The suite includes Siemens’ Solido Crosscheck software and Solido IPdelta software, both of which provide a comprehensive set of IP QA checks targeted for all types of design and foundational IP, incorporating in-view, cross-view, and version-to-version QA checks in a streamlined solution. The Solido IP Validation Suite offers rapid, full-flow coverage QA for IP production and integration teams through advanced features like smart parsing for IP data re-use, additive IP QA for automatic change identification and merging of QA reports, and seamless integration with industry-leading verification platforms like Siemens’ Calibre platform.

“With the increasing importance of design IP in semiconductor design, efficient and correct IP validation becomes a critical step towards silicon success,” said Amit Gupta, vice president and general manager, Custom IC Verification, Siemens Digital Industries Software. “The Solido IP Validation Suite provides a scalable and repeatable solution to identify and prevent design-breaking issues, helping IP production teams achieve high-quality IP delivery at every iteration, and helping chip-level design teams achieve faster tape-out schedules with fully qualified, easier-to-integrate design IP.”

To learn more about Siemens’ new Solido IP Validation Suite and how it is helping customers to deliver the highest quality IP to their customers, visit

About Siemens Digital Industries Software

Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens’ software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today’s ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software – Accelerating transformation.

CoStar Group to Acquire Matterport

SUNNYVALE, CA, Apr 23, 2024 – Matterport, Inc., The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024. Under the terms and subject to the conditions of the agreement, which has been unanimously approved by Matterport’s Board of Directors, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each share of Matterport common stock.

Founded in 2011, Matterport pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property. Matterport’s proprietary and patented technology enables anyone to digitize a property using a variety of camera technologies including cameras found on most smartphones. Matterport also produces a line of innovative 3D capture devices, including the company’s flagship LiDAR-based Pro3 camera which is capable of high-precision indoor and outdoor capture. At the center of the solution is Cortex, a powerful artificial intelligence software engine that automatically generates the 3D digital twin and virtual tour while providing property insights like detailed property dimensions, room layouts, and more.

Matterport’s 3D technology is utilized in nearly every sector of real estate, spanning residential, commercial, hospitality, retail, and industrial spaces, among others. Over the years, Matterport has curated what is considered the largest and most precise collection of spatial property data worldwide, with over 12 million spaces captured in 177 countries, and representing more than 38 billion square feet of digital property under management. Contributing to this growth, Matterport has established a global network of several thousand photographers, capture services technicians, and service partners producing hundreds of thousands of new 3D digital twins for properties each month.

CoStar Group operates some of the most effective and widely recognized real estate information solutions and online property marketplaces in the world including, LoopNet, CoStar, and, all of which feature Matterport’s 3D virtual tours. CoStar Group was one of the first adopters of Matterport’s technology, and currently has almost 300,000 Matterport digital twins available in the CoStar information product and online property marketplaces. Advertisers on CoStar Group marketplaces clearly recognize the value of Matterport virtual tours. In March 2024, there were over 7.4 million views of Matterport 3D Tours on, with consumers spending 20% more time viewing an apartment listing when Matterports were available. CoStar Group intends to utilize Matterport in a similar fashion on to further enhance the most comprehensive agent, seller and buyer friendly residential portal on the market.

“CoStar Group and Matterport have nearly identical mission statements of digitizing the world’s real estate. I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said Andy Florance, founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new open house or property tour. People now select their next home, apartment, office, store, hotel, or warehouse on their mobile device often without ever visiting the property. There is no better way to remotely experience space than via Matterport. CoStar Group intends to support and invest in research and development opportunities to further develop Matterport’s spatial technology, including the application of AI and machine learning to extract information from the 3D spatial data library as well as using generative artificial intelligence to imagine and reimagine physical spaces.”

RJ Pittman, chair and CEO of Matterport said, “We are thrilled to join forces with CoStar Group, a long-standing customer and partner with a shared vision for transforming global real estate through technology and digitization. This transaction is another significant milestone that acknowledges the groundbreaking work Matterport has accomplished in 3D digital twin technology and AI-driven property intelligence. With CoStar Group’s expansive reach and scale in property research and analytics and our joint commitment to innovation, we believe that this powerful combination will transform how properties are marketed, sold, and managed worldwide. Importantly, it offers Matterport’s stockholders the opportunity to participate in the value creation and future growth prospects of our combined efforts.”

The transaction, which is expected to be completed during the year, is subject to the approval of Matterport stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Directors, officers and certain other stockholders of Matterport, representing approximately 15% of Matterport’s fully diluted shares, have entered into voting agreements to support the transaction. The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint.

About Matterport

Matterport, Inc. (NASDAQ: MTTR) is the World’s #1 Digital Twin Platform* leading the digital transformation of the built world. Our groundbreaking platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at and browse a gallery of digital twins.

*Largest digital twin cloud hosted platform for the built world sq. ft. scanned. Data on file.

About CoStar Group, Inc.

CoStar Group is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 160 million unique monthly visitors in September 2023. Headquartered in Washington, DC, CoStar Group maintains offices throughout the US, Europe, Canada, and Asia.

Jabra Extends Partnership with PTC

Jabra, which is part of the global GN Group, has extended its long-term relationship with Reading-based PTC to ensure that its engineering team can continue to turn designers’ sketches into finished products that are used by hundreds of thousands of consumers in the office, home, and music studio every year.

The digital transformation’s specialist software has been the preferred CAD tool for more than five years and this is being driven by industry-leading surface modelling features.

“Once upon a time, a headset was a relatively simple design that was straightforward for both designer and engineer,” said Claus Ellegaard Madsen, senior mechanical engineer at GN, the company behind the Jabra brand.

“Today, the story is different, with modern headsets being based on highly complex, organic designs to ensure the best possible user experience.”

He continued: “As you would expect, our design requirements are increasing all the time, and we wouldn’t be able to do these extremely complex organic designs without the help of Creo and the possibilities it offers in terms of, for example, very complex surface modelling.”

One of Jabra’s overall design philosophies is to have a master model that contains almost all the components in the Jabra universe. This makes it easier for the company to collaborate across the organization, as all departments refer to the same master and the same data.

“It helps us in the sense that we can further develop on the foundation we already have and reuse the design elements that work well for us – both in terms of optimizing the individual designs and minimizing the risk of errors,” said Claus.

PTC’s Elliot Clarke added his support: “With ever-increasing customer demands and, therefore an increased focus on design, Creo plays an important role in Jabra’s design phase. The ISDX module in Creo allows design engineers to control everything about surfaces.

“They start with curves, they build surfaces on those curves, and they can really control the flow and curvature of the surfaces as they connect. It’s great to see Jabra utilizing these technologies to deliver a best-in-class audio experience to their customers and we look forward to working with them in the future.”

Just a few months ago, Jabra launched its new generation of Elite series of wireless earphones called Jabra Elite 8 Active and Jabra Elite 10.

About PTC 

PTC drives industry innovation with proven, award-winning solutions that enable companies to differentiate their products and services, achieve operational excellence and improve employee productivity.

With PTC and its ecosystem of partners, manufacturers can leverage the promise of new technologies to drive their digital transformation – on-premises, in the cloud or via a pure SaaS approach.

For further information, please visit or