Category Archives: Featured News

Nemetschek Group Acquires GoCanvas

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MUNICH, Germany, July 3, 2024 – The Nemetschek Group, a leading global provider of software solutions for the AEC/O and media industries, today announced that it has completed the acquisition of GoCanvas Holdings, Inc., a leading provider of field worker collaboration software that digitizes traditionally paper-based processes, simplifies inspections, improves safety, and maximizes compliance.

Perfect fit with Nemetschek’s Build & Construct Division portfolio to create unique construction ecosystem

The combination of Nemetschek Group‘s existing capabilities in the Build & Construct segment with the leading cloud and mobile SaaS solutions for the paperless collection, reporting, and integration of field data with GoCanvas unlocks massive field worker opportunities in construction and several adjacent industries.

The complementary technologies, customer bases, and regional sales splits of GoCanvas and the Nemetschek Group will capture significant growth opportunities and lead to technology synergies through enhanced market and customer access along the entire AEC/O lifecycle. In addition, the acquisition strengthens Nemetschek Group’s positioning in the US even further while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia-Pacific.

GoCanvas, with its SaaS-only offering, will additionally further accelerate Nemetschek’s transition to a subscription- and SaaS-centric business model, which is one of company’s key strategic priorities.

About GoCanvas

GoCanvas is dedicated to transforming how businesses connect their office and field workers. The user-friendly platforms aim to simplify inspections, digitize traditional paper-based processes, improve safety, and ensure maximum compliance with industry standards. GoCanvas mobile and cloud solutions are designed to streamline data collection from the field to the office, taking care of administrative tasks so GoCanvas’ customers can focus on what matters most – ensuring the safety of their teams, maintaining the integrity of their equipment, and operating more efficiently.The company was founded in 2008 and has more than 300 employees and locations in the US, Canada, Australia and South Africa.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital transformation in the AEC/O and media industries. Its intelligent software solutions cover the entire life cycle of construction and infrastructure projects and allow creatives to optimize their workflows. Customers can plan, construct, and manage buildings and infrastructure more efficiently and sustainably, and develop digital content such as visualizations, films, and computer games in a creative way. The software company drives new technologies and approaches such as artificial intelligence, digital twins, and open standards (OPEN BIM) in the AEC/O industries to increase productivity and sustainability. We are continuously expanding our portfolio, including through investments in disruptive start-ups. More than 7 million users are currently designing the world with the customer-focused solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999, achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million in 2023.

Massivit 3D Printing Partners with Sika Deutschland

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LOD, Israel, July 3, 2024 – Massivit 3D Printing Technologies, a leading provider of industrial 3D printing systems, has signed a strategic cooperation agreement with Sika Deutschland GmbH (SIKA). Under this agreement, SIKA’s materials will be printed for the first time on Massivit’s 3D printer, the Massivit 10000, and marketed under joint branding starting in the second half of 2024.

Massivit estimates that the cooperation with SIKA will increase the number of potential customers, the use of printers, and the consumption of printing materials. Additionally, this partnership will help the company penetrate additional markets through the diverse range of materials available from SIKA.

Erez Zimerman, CEO at Massivit: “Our strategic cooperation with SIKA, renowned for their high-quality materials, marks a significant milestone for Massivit. In the 3D printing industry, high-quality materials are essential for penetrating new markets. This collaboration with SIKA, a global leader in its field, will help us reach a new potential customer base as well as offer our existing customers the best available materials for 3D printing.”

The agreement details the cooperation between the companies, regulating the joint branding, production, supply, and sale of printing materials, and it stipulates, among other things, the following:

  • The printed materials will be branded and marketed under the brand names SikaBiresin CIM and MASSIVIT.
  • Massivit will sell & market the co-branded materials for use with its Massivit printers.
  • The printers using these materials will be branded with the logo “Powered by SikaBiresin”.

SIKA is a global Swiss conglomerate founded over 100 years ago. It is listed on the Swiss Stock Exchange with an estimated market value of approximately 40 billion Swiss Francs and an annual sales volume of approximately 11 billion Swiss Francs. SIKA operates in the construction and waterproofing industry and is engaged in the development and production of various materials for industrial applications including composite materials – a market that Massivit is penetrating.

The Massivit 10000, based on “Cast in Motion” technology, offers rapid printing of molds and tools using specialized materials suited to diverse industries. To date, this technology has been adopted by the automotive, marine, advertising, and entertainment industries, to name a few. The collaboration with SIKA will expand the range of printable materials using the Massivit 10000, helping customers shift from traditional methods to modern 3D printing solutions.

The signing of this agreement coincides with significant company business development activities that have taken place in recent months, such as sales of printers to leading companies worldwide in various sectors:

  • Japanese company Tsujikawa purchased a Massivit 10000 printer. This is the third purchase of a Massivit printer by this customer that previously purchased two Massivit 1800 printers. Tsujikawa operates in the marketing and advertising markets.
  • Bombardier, a Canadian manufacturer of business jets, purchased a Massivit 1800 printer. Bombardier will use this printer to produce prototypes and interior parts for its Aviation Division.
  • Navistar, one of the largest truck and bus manufacturers in the USA, owned by the Volkswagen Group, purchased a Massivit 5000 printer.

Additionally, the company successfully launched the Massivit 3000 printer, capable of printing large objects quickly and at a competitive entry price. This will enable the company to attract more potential customers from the advertising and marketing industry that previously may not have been able to afford to adopt Massivit’s technology due to the cost of its printers.

The Massivit 3000 printer was launched during drupa, the world’s largest international printing industry exhibition. It generated significant interest, and as a result, the company received 15 new orders during the exhibition, which the company intends to supply by the end of 2024.

About Massivit 3D Printing Technologies

Massivit 3D Printing Technologies is a pioneer in large-volume 3D printing solutions for the automotive, marine, rail, furniture, and advertising markets. The company’s solutions enable the cost-effective production of molds and models at unprecedented speed, utilizing industrial materials. Its vision is to shift the production of large objects from traditional and outdated methods to digital manufacturing through rapid 3D printing while using industrial materials. The company was founded in 2013 by a team of experts led by Gershon Miller, founder of Objet Geometries. The company’s headquarters is in Lod, Israel, where it serves the global markets through an extensive network of distributors.

For more information, visit www.massivit3d.com.

Stratasys Wins Four Sustainability Recognition Awards at AMGTA

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EDEN PRAIRIE, MN and REHOVOT, Israel, July 3, 2024 – In recognition of its leadership in ESG & sustainability, Stratasys, Ltd. was honored with four Sustainability Recognition Awards at the Additive Manufacturer Green Trade Association (AMGTA) 2024 Annual Summit in Los Angeles on June 24.

Stratasys recently won four awards from the Additive Manufacturing Green Trade Association for its work in sustainability. (Photo: Business Wire)

Stratasys received accolades across multiple categories, underscoring its commitment to environmental sustainability and innovation:

  • Environmental Management Systems – For maintaining ISO 14001 EMS certification, demonstrating rigorous environmental governance.
  • Sustainability Reporting – Recognized for its transparency and excellence in publicly publishing detailed Sustainability/ESG/CSR reports.
  • Environmental Sustainability Research – For its active role in commissioning and publishing critical research focused on sustainability within the additive manufacturing landscape.
  • Excellence in AM Sustainability – Honored for its initiatives that significantly expand the understanding and application of more sustainable manufacturing practices globally.

The awards ceremony acknowledges and encourages the significant efforts made by its member organizations in promoting AM technologies and practices for better, more sustainable, and economically advantageous manufacturing around the world.

“The AMGTA’s mission to promote and advance the sustainability value proposition of the Additive Manufacturing industry aligns nicely with Stratasys’ objectives for evidence-based sustainability operations,” said Sherri Monroe, executive director of the AMGTA. “Stratasys’ achievements reflect their leadership and commitment to advancing additive manufacturing technology in a way that benefits, people, our planet, and users around the world.”

Mindful Manufacturing is Stratasys’ ESG strategy, reinforcing the Company’s commitment to rethinking how things are made, with the goal of designing and producing products and parts that demonstrate improved environmental, social and governance stewardship.

Rosa Coblens, VP of sustainability & communications at Stratasys, commented on the recognition: “These awards are a testament to our dedication to the Mindful Manufacturing approach. At Stratasys, we are not just participating in AM-enabled sustainability efforts but are leading our market by example. By measuring, reporting, and practicing evidence-based continuous improvements in ESG and sustainability, we are setting new standards for the entire industry.”

About Stratasys

Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.

To learn more about Stratasys, visit www.stratasys.com.

onsemi Acquires SWIR Vision Systems

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SCOTTSDALE, AZ, July 3, 2024 – As part of onsemi’s continuous drive to provide the most robust, cutting-edge technologies for intelligent image sensing, the company announced today it has completed the acquisition of SWIR Vision Systems. SWIR Vision Systems is a leading provider of CQD (colloidal quantum-dot-based) short wavelength infrared (SWIR) technology – a technology that extends the detectable light spectrum to see through objects and capture images that were not previously possible. The integration of this patented technology within onsemi’s industry-leading CMOS sensors will significantly enhance the company’s intelligent sensing product portfolio and pave the way for further growth in key markets including industrial, automotive and defense.

CQD uses nanoparticles or crystals with unique optical and electronic properties that can be precisely tuned to absorb an extended wavelength of light. This technology extends the visibility and detection of systems beyond the range of standard CMOS sensors to SWIR wavelengths. To date, SWIR technology has been limited in adoption due to the high cost and manufacturing complexity of the traditional indium gallium arsenide (InGAas) process. With this acquisition, onsemi will combine its silicon-based CMOS sensors and manufacturing expertise with the CQD technology to deliver highly integrated SWIR sensors at lower cost and higher volume. The result are more compact, cost-effective imaging systems that offer extended spectrum and can be used in a wide array of commercial, industrial and defense applications.

These advanced SWIR sensors are able to see through dense materials, gases, fabrics and plastics, which is essential across many industries, particularly for industrial applications such as surveillance systems, silicon inspection, machine vision imaging and food inspection. In autonomous vehicle imaging, the higher spectra will create better visibility to see through difficult conditions such as extreme darkness, thick fog or winter glare.

SWIR Vision Systems is now a wholly owned subsidiary of onsemi, with its highly skilled team being integrated into the company’s Intelligent Sensing Group. The team will continue to operate in North Carolina. The acquisition is not expected to have any meaningful impact on onsemi’s near to midterm financial outlook.

More Information: onsemi Intelligent Sensing

About onsemi

onsemi is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner and smarter world.

Learn more about onsemi at www.onsemi.com.

Cognizant Introduces Cognizant Neuro Edge

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TEANECK, NJ, July 2, 2024 – Cognizant announced the launch of Cognizant Neuro Edge, a new platform in the Cognizant Neuro suite, designed to empower businesses across industries to leverage artificial intelligence and generative AI at the edge.

Edge computing enables enterprises to access computing power via sensors and devices on their networks, reducing dependency on centralized servers and the cloud. Neuro Edge is designed to power the entire value chain of edge AI, from chips and devices to applications and business solution deployments, shortening the path to business value.

The new platform expands Cognizant’s Neuro AI capabilities, offering a hybrid Cloud + Edge AI solution that supports instant decision-making and complements Cloud AI with deeper insights from longitudinal data. The industry agnostic platform offers advantages for industries where data privacy, security, and real-time decision-making are critical.

“Enterprises are increasingly embracing edge computing to enhance the responsiveness of their distributed devices and extract meaningful insights from the data they generate,” said Vibha Rustagi, global head of IoT and engineering, Cognizant. “Cognizant Neuro Edge is a powerful example of Cognizant’s leadership in developing a new approach to layering of on-board computing and processing with cloud services, paving the way for businesses to unlock a range of generative AI-driven benefits around operational efficiency, cost and risk reduction.”

Neuro Edge facilitates real-time interactions with devices, helping businesses to accelerate decision-making, reduce data costs and privacy risks and maintain operational stability even in low bandwidth scenarios. The platform is cloud agnostic, making it ideal for hybrid-and-multi-cloud environments, with computing power placed directly at the device. Some potential key applications across industries include:

  • Healthcare: Assisting doctors in their real-time decision-making by drawing on diagnostic sensors;
  • MedTech: Enabling real-time, on device adjustment options and recommendations based on patient data;
  • Energy: Optimizing operations in power generation plants; optimizing response to weather events;
  • Logistics: Streamlining fleet performance and reducing downtime through in-vehicle data processing;
  • Telecommunications: Enhancing network security, resiliency and automation, leading to lower operating costs;
  • Manufacturing: Predicting equipment failures to help optimize uptime and operating costs;
  • Retail: Enabling intelligent video analysis for real real-time theft prevention and in-store traffic pattern monitoring to enhance customer service;
  • Automotive: Transforming driver and passenger experience by enabling real-time, context-aware and private recommendations via cloud connection.

As an example of an application in the automotive industry, Cognizant has been working with Qualcomm Technologies to deploy generative AI at the automotive edge and transform the driving experience.

“The automotive industry is going through unprecedented change affecting the entire ecosystem,” said Nakul Duggal, Group GM, automotive, industrial & embedded IoT and cloud computing, QualcommTechnologies, Inc. “Our work with Cognizant to extend the Snapdragon Digital Chassis’ generative AI capabilities and build a connected services platform creates new opportunities for automakers to develop highly personalized and contextually relevant experiences for both drivers and passengers. We look forward to building new intelligent solutions together that will redefine the in-vehicle experience and drive the future of the automotive industry.”

Neuro Edge integrates APIs with the edge ecosystem, encompassing sensors, silicon vendors, edge devices, and enterprise applications. It offers a foundational architecture and illustrative applications tailored for diverse industrial scenarios. Additionally, it is equipped with monitoring agents that track performance and facilitate ongoing enhancements through feedback loops.

“Implementing AI with edge technologies will be important for firms looking to maximize the impact of their investment in both AI and IoT,” said Joel Martin, executive research leader for HFS’s technology, media, and telecommunications research at HFS, a leading global research and analysis firm. “I believe Cognizant’s Neuro Edge will be an important solution improving functionality, reducing latency, and securing AI at the edge with enterprise-grade capabilities.”

By using Neuro Edge, enterprises will be equipped to create and manage Edge AI applications faster and more easily. The platform helps demystify the intricacies of generative AI, enabling businesses to focus on business value.

For more information about Cognizant Neuro Edge, visit here.

About Cognizant

Cognizant engineers modern businesses. They help theirr clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world.

For more information, visit www.cognizant.com.

zSpace AI Announced

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DENVER, CO, July 2, 2024 – zSpace, a leader in augmented and virtual reality (AR/VR) education technology, is excited to announce the expansion of its innovative learning platform through the introduction of zSpace AI. As a company committed to addressing real-world educational needs, zSpace continues to push boundaries by integrating cutting-edge artificial intelligence technology to support both teachers and students.

Enhancing education with artificial intelligence

Key Features of zSpace AI:

  1. Enhanced Support for Educators and Learners:
    • zSpace AI provides personalized assistance to teachers and students, filling gaps that traditional methods may not address.
    • Real-time information is seamlessly integrated into students’ experiential learning within the zSpace environment.
  1. Curated AI Content:
    • zSpace AI offers a wealth of curated content aligned with student needs, enhancing engagement and understanding.
    • From interactive simulations to data-driven insights, zSpace AI enriches the learning experience.
  1. Career Coach AI: Empowering Students for the Future:
    • Career Coach AI, our AI-driven assistant, inspires students by providing insights into various career paths including information regarding careers in their local communities based on their location while using zSpace.
    • Students can make informed decisions about their educational journey and future careers, thanks to Career Coach AI’s guidance that includes information from sources such as The Department of Labor, Careeronestop.org and BLS.gov.

“Our mission at zSpace is to equip teachers and students with the tools they need to thrive,” said Paul Kellenberger, CEO of zSpace. “We believe that zSpace AI will revolutionize education by fostering personalized learning experiences and preparing students for the challenges of tomorrow.”

Visit zSpace at Booth #1640 at ISTE 2024 to learn more about zSpace AI and see Career Coach AI in action. With zSpace AI, we continue to shape the future of education by combining technology, creativity, and innovation.

About zSpace

zSpace’s evidence-based augmented/virtual reality (AR/VR) platform with zSpace AI provides innovative hands-on, experiential learning to improve achievement in STEM, CTE and career readiness. Over 3,700 school districts, technical centers, community colleges and universities use zSpace to provide equitable access to instruction for learners preparing for success in college and careers. Located in San Jose, California, it has more than 70 patents. zSpace was named “Cool Vendor” by Gartner, Inc., “Best in Show at ISTE” by Tech & Learning Magazine for three consecutive years and ranked two years in a row on the Inc. 500 list of fastest-growing companies.

For more information, visit www.zspace.com.

AZCO Acquires S-Y-M Products

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AZCO Corp announces it has acquired S-Y-M Products Company, a manufacturer and distributor of automatic tube coiling machines. With this move, AZCO has added S-Y-M’s Mini-Winder and other coiling and winding equipment to its already expansive lineup of feeding and cutting machines.

Ideal for assembling and packaging tubing and wire sets, the Mini-Winder increases production output while preventing hand and wrist Injuries. The machine counts the number of revolutions required to complete the coil and then stops. Once the machine stops, the pins on which the coil was wrapped lower, enabling operators to slide the coil into a package. Units are also compact, versatile and cleanroom-compatible, able to produce uniform coils three times faster than conventional methods.

The Mini-Winder naturally complements AZCO’s lineup of feeding, cutting and placing products. For example, the Mini-Winder and AZCO PC-25 Tubing Cutter — an automatic benchtop tubing cutter for processing flexible tubing up to 1 inch — creates a quick, efficient process for cutting and coiling flexible and medical tubing.

About AZCO

AZCO Corp. is an ISO 9001 Certified company established in 1983. They design and manufacture simple and reliable modules and units used to feed, cut and place products. This concept is based on a building block model. Standard modules can be purchased alone or in combination to provide a solution that meets your unique needs, at a competitive price and with quicker delivery.

To learn more, visit: www.azcocorp.com.

Mastercam 2025 Released

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Mastercam has announced the release of Mastercam 2025. This latest version introduces cutting-edge features and enhancements designed to maximize speed, efficiency, and precision in your machining operations, setting a new benchmark in the industry.

Deburr-2D Clamp Export

During the Public Beta, manufacturers worldwide provided valuable feedback that shaped the final product, ensuring that Mastercam 2025 meets the essential demands of users while advancing productivity and sustainability in manufacturing.

New Mastercam Deburr Solution

Introducing Mastercam Deburr for 3-axis, an advanced solution that revolutionizes the deburring process for Mastercam Mill, Mastercam Mill 3D, Mastercam Router, and Mastercam Mill-Turn. Designed to integrate seamlessly with your Mastercam products, this add-on simplifies deburring through automatic edge detection and intuitive controls. Mastercam Deburr allows users to leverage the streamlined deburr cycle in a 3-axis environment without requiring Mastercam Multiaxis, providing faster and more accurate deburring with less manual effort. For users with Mastercam Multiaxis, the familiar simplified controls ensure an easy transition.

Mastercam Deburr transforms the deburring process, saving time and enhancing deburr quality. This solution improves the efficiency and precision of deburring operations, reducing the need for manual intervention and ensuring consistent, high-quality results.

Productivity Enhancements

Mastercam 2025 also introduces finish passes to 2D Dynamic Mill and Area Mill toolpaths. The new Finish Passes page allows users to add high-speed finishing passes along the selected toolpath boundaries, with configurable parameters for feed rate and spindle speed overrides, ensuring a smooth and precise finish.

Advanced Capabilities

Mill-turn support for Y-axis turning is a significant addition in Mastercam 2025, enabling users to create toolpath planes with the correct tool orientation and spindle origin while taking advantage of the latest advances in Y-axis tool technology. The new A-axis contour turning toolpath complements the B-axis contour toolpath, extending support for rotary contour turning and allowing users to machine difficult-to-reach areas with ease.

Performance Boosts

Thread Mill operations in Mastercam 2025 benefit from enhancements such as Speed/Feed Override for Lead In/Out, which provides better control during entry/exit moves, promoting better tool life and more accurate machining of threads. The gradual Lead In/Out feature enhances tool control during engagement and disengagement for Thread Mill operations, while the new Tool Edge Feed Rate calculates feed rates based on the tool’s tangential edge for more precise machining.

Security Improvements

Mastercam 2025 introduces automatic license update notifications for software-based licenses. This feature saves time for users while keeping Mastercam secure with the latest license information and features.

These are just a few of the exciting new features and enhancements in Mastercam 2025. Discover how Mastercam 2025 can transform your machining operations and drive your business forward.

For more information, visit Mastercam 2025.

Bentley Announces Nicholas Cumins as CEO

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EXTON, PA, July 2, 2024 – Following the CEO transition plan previously announced by Bentley Systems, Inc., Nicholas Cumins takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors.

Nicholas Cumins

 Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. The Bentley brothers redefined what was then CAD software when they developed MicroStation as a groundbreaking engineering application platform. Four decades of innovation and more than 120 acquisitions later, Bentley Systems is the leading provider of infrastructure engineering software, with its infrastructure digital twin solutions used to design, build, and operate critical infrastructure around the world.

The transition to Cumins’ leadership comes at a critical time for infrastructure sectors. There are not enough engineers to accomplish the work required to achieve global sustainability targets while also adapting aging infrastructure vulnerable to the effects of climate change.

Cumins unveiled Bentley’s vision for infrastructure resilience, noting that engineering firms and asset owner-operators are looking to software to help them overcome the limitations of scarce talent.

“Infrastructure is at a watershed moment. Despite the massive capital investment in infrastructure projects and jobs post pandemic, so much more remains to be done to make infrastructure more resilient. Our ability to bridge that gap will literally determine the quality of life for generations to come. Fortunately, a paradigm shift in software is reshaping the landscape. AI-powered digital twin solutions are unlocking the value of data across the infrastructure lifecycle.”

For example, Bentley’s AI solutions are already transforming the way organizations are monitoring the health of roads, bridges, dams, water networks, and telecommunications towers.

“Every owner-operator in the world is looking for a simpler and more effective way to understand the condition of their assets. Think what the power and possibilities of AI imply for improving asset performance and making infrastructure more resilient. This is the moment for our generation to apply its ingenuity and build upon the legacy of innovation to continue advancing the world’s infrastructure for better quality of life.”

Before his promotion to CEO, Cumins served as Bentley Systems’ COO from January 2022. He joined Bentley Systems as Chief Product Officer in September 2020 prior to the company’s IPO. Previously he was General Manager of SAP Marketing Cloud and served as Chief Product Officer of Scytl, a platform for online voting, and as Senior Vice President of Product with OpenX, a pioneer in programmatic advertising. Before OpenX, he had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development. Cumins is a dual French and U.S. citizen and is based in France.

About Bentley Systems

Bentley Systems is the infrastructure engineering software company. They provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Their industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Their offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

For more information, visit www.bentley.com.

Altair to Acquire Metrics Design Automation

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TROY, MI, July 2, 2024 – Altair, a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions.

The Metrics digital simulator, DSim, when combined with Altair’s Silicon Debug Tools, will deliver a world-class, advanced simulation environment with superior simulation and debug capabilities in the EDA and semiconductor space. The cloud-based business model has the potential to transform the semiconductor space by making high caliber EDA design tools much more affordable and accessible for companies looking to aggressively scale out simulations to accelerate design cycles.

Today, integrated circuit (IC) design verification has high licensing costs and may require hundreds and sometimes thousands of seats to run a single chip simulation. Additionally, these tools run on desktop machines, and are not typically cloud-native or cloud-enabled. The Altair and Metrics solution delivers the flexibility to run as a desktop app, on your own servers, or in the cloud and can run very large regressions with the customer paying only for what they use. It supports System Verilog and VHDL RTL for digital circuits targeting application specific integrated circuits (ASICs) and field programmable gate arrays (FPGAs). Because of this, simulations can be run concurrently and at scale, removing massive amounts of time and costs from the traditional design cycle.

“By combining our best-in-class software with Metrics’ cloud-based simulation as a service, we are excited to bring this groundbreaking technology to our EDA and semiconductor customers,” said James R. Scapa, founder and chief executive officer, Altair. “Altair is unique in our ability to merge simulation with industry-leading workload and workflow optimization technology, serving as a true partner for companies embracing innovative tools and resource delivery models in this highly specialized and high-stakes industry. Customers now have a choice in design verification.”

DSim will be available through Altair One, Altair’s cloud innovation gateway, where it will also be available for desktop download. Whether in the cloud, on your own servers, or on the desktop, DSim is fully featured and optimized for speed, capacity and accuracy, providing semiconductor, automotive, aerospace and defense customers with Altair’s leading digital simulation, visualization, and circuit debug technology, so they can quickly track down design problems and move the most complex devices into production earlier and with a higher degree of confidence.

“We are proud to be first-to-market with our game-changing design verification product and business model for the semiconductor industry,” said Joe Costello, executive chairman, Metrics. “Joining Altair will allow us to grow and provide an alternative option – whether on desktop, on your own servers, or in the cloud – to engineers looking for a flexible, modern, accurate, and fast design verification solution that is truly scalable.”

Metrics is led by Joe Costello, who is considered one of the founders of the modern EDA industry when he became President of Cadence Design Systems and drove annual revenues to over $1B—the first EDA company to achieve that milestone. In 2004, he was awarded the Phil Kaufman Award by the Electronic System Design Alliance in recognition of his business contributions that helped grow the EDA industry.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

To learn more, please visit www.altair.com.