GLOUCESTERSHIRE, UK, Jan 25, 2021 – To continue to provide customers in the CNC machining industry with vital data to help realize the benefits of Industry 4.0, global engineering technologies company, Renishaw, has become a member of the umati community, alongside its existing role on the Standards Committee of MTConnect. As an active member of both these communities, Renishaw will support the development of common language standardization for machine tools by publishing process measurement and part quality data. This will help customers improve overall equipment effectiveness (OEE) and interoperability.

umati, or universal machine technology interface, is an open standard backed by the German Machine Tool Builders’ Association (VDW) and the German Mechanical Engineering Industry Association (VDMA). Members of both organizations have worked together to develop a common information model, based on the OPC UA protocol, to simplify connectivity between equipment and software, and control data exchange between different machines.

“Renishaw offers a unique breadth of technologies that can be applied throughout the CNC manufacturing process chain,” explains Paul Maxted, Director of Industrial Metrology Applications at Renishaw. “Our technologies can collect data throughout the manufacturing process, from initial set-up to in-process measurements and final part verification. As an active member of the umati community we can provide this data to further develop the information model as a leading common standard for Industry 4.0. Publishing our data in umati will further improve interoperability between machines on the shop floor, providing users with valuable measurement information to improve quality and make informed decisions to continuously improve manufacturing operations.”

“Adoption of the umati standard into Renishaw’s manufacturing data platform, Renishaw Central, will provide enhanced connectivity between physical manufacturing processes and digital software,” says Guy Brown, Renishaw Central Development Manager. “As we work with the other umati members to help set the standard for data collection, Renishaw intends to help manufacturers clearly trace what is happening throughout the process chain, and more importantly, why it is happening.”

“Overall equipment effectiveness is a vital performance metric for our customers, but it is often misleading,” explains James Hartley, Applications and Marketing Manager. “If manufacturers do not have the quality metrics needed to calculate OEE, they are often set at 100 per cent — an inaccurate result that suggests processes are running efficiently. As a member of umati, we can help manufacturers to accurately measure OEE and optimise their process chains.”

Renishaw has supported automation and process control within the CNC manufacturing industry for over 45 years and recognises the value of data driven manufacturing to address current and future challenges to improve manufacturing efficiency.

For further information, visit www.renishaw.com/smartmanufacturing

Invitation

PITTSBURGH, PA, USA, Jan 25, 2021 – Ansys (NASDAQ: ANSS) is helping engineering teams to mesh and solve larger designs than ever with the launch of Ansys HFSS Mesh Fusion. Cutting development expenses and expediting the development of leading-edge products, HFSS Mesh Fusion drives rapid and fully coupled simulation of complex EM systems — without compromising the design or fidelity.

Simulating Electromagnetic Interference Chamber Emissions of a Touchscreen TV Panel Including Capacitive Sensor Array

Modern electronic products are more sophisticated than ever, with higher density, lower voltage margins and more advanced processes. To deliver innovation, engineers must increase functionality and maintain or even decrease power consumption within a smaller form factor. As these designs become more challenging, engineers must solve complex interactions between components and across systems, critical for designing cutting-edge artificial intelligence machine learning, autonomous vehicle, 5G communications, high-performance computing and Industrial Internet of Things applications.

HFSS Mesh Fusion, available in Ansys HFSS 2021 R1, helps engineers combine integrated circuits (IC), packaging, connectors, printed circuit boards, antennas and platform in a single Ansys HFSS analysis to predict EM interactions. HFSS Mesh Fusion bypasses previous barriers by applying optimal meshing technology at the component level, parallelized across cores, clusters or within Ansys Cloud. A breakthrough solver technology then extracts a fully coupled, uncompromised, full-wave EM matrix.  By enabling much more complex designs to be solved, companies can confidently push the limits of performance to create state-of-the-art products.

Signal Integrity Simulation of Multi PCB System Including Connectors and Flex Cable

“Increasing levels of electronic system integration are leading to a greater demand for comprehensive EM system analysis,” said Sangyun Kim, vice president, Foundry Design Technology Team at Samsung Electronics. “Ansys HFSS Mesh Fusion makes it possible for our talented engineering teams to create optimal designs, shrink design cycles and cost and increase the value that we deliver to our customers. Leveraging Mesh Fusion, we are innovating highly advanced designs that were previously unimaginable. In fact, for the customer’s latest flat panel TV, we simulated the EM transmission of an entire room.”

HFSS Mesh Fusion helps engineers swiftly overcome the most challenging design obstacles to deliver best-in-class products to customers.

“Ansys HFSS can solve any structure, regardless of complexity, enabling creative out-of-the-box designs. The new HFSS Mesh Fusion technology will allow us to tackle even more comprehensive, uncompromised simulations with HFSS, further validating it as our ‘virtual laboratory’,” said Clyde Callewaert, senior engineer at Herrick Technology Labs. “Because with HFSS in the loop, we go into the lab to confirm results, not discover them.”

By solving the most complex EM models, HFSS Mesh Fusion delivers critical design data that improves end products.

“HFSS Mesh Fusion helps IC designers effectively manage the capacity, complexity, dimensional range and density of geometric detail in a fully coupled EM simulation,” said John Lee, vice president and general manager at Ansys. “This empowers engineers to break the old rules, innovate leading-edge designs at higher frequencies and within tighter form factors, tape out with confidence and deliver trailblazing products with more functionality than ever thought possible. This supports numerous highly sophisticated applications, including 5G communications, autonomous driving and many more.”

About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

BOSTON, MA, USA, Jan 25, 2021 – PTC (NASDAQ: PTC) has appointed Mark D. Benjamin to its Board of Directors effective February 10, 2021.

Mark D. Benjamin

“Mark’s depth and breadth of experience driving growth initiatives for cloud, SaaS, and IoT solutions establish him as an innovator with a proven track record of success,” said Jim Heppelmann, President and CEO, PTC. “Mark brings a valuable layer of expertise to our organization as we work to strengthen our leadership position in SaaS. We look forward to welcoming him to the Board.”

Benjamin currently serves as CEO of Nuance Communications, Inc. (NASDAQ: NUAN), an artificial intelligence technology company providing solutions for large enterprises across the globe. Prior to joining Nuance, Benjamin served as President and COO of NCR Corporation and President of Global Enterprise Solutions at ADP.

“PTC is clearly differentiated as a leader in industry-defining technologies including industrial IoT, augmented reality, and SaaS,” said Benjamin. “There is a clear synergy between my experience and the company’s long-standing heritage in digital transformation. I am pleased to be joining the PTC board during this important juncture and look forward to lending my support as the company continues to innovate in these transformative technology fields.”

Benjamin holds a bachelor’s degree in International Finance and Marketing from the University of Miami.

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. For more information, visit https://www.ptc.com/.

CINCINNATI, OH, USA, Jan 21, 2021 – Hilman Inc., a manufacturer of high capacity rollers, powered heavy moving systems, and custom load moving solutions, has partnered with TraceParts to publish its 3D product catalog.

Hilman’s 3D content catalog, containing their chain action rollers and dollies, is now available on the TraceParts website and the TraceParts Publishing Network with access to more than 10,000 CAD files for 170 of Hilman’s most popular products.

The TraceParts platform is an excellent way to introduce our products and enhance their reach and visibility to a wider audience.

“It is a powerful marketing solution that will help Hilman grow as a company and to help us deliver an unmatched digital customer experience to our customers.” said Samantha Reidy, Director of Marketing at Hilman.

With more than 65 years of innovation and experience, Hilman has earned and maintained a reputation for offering its customers the highest standards of quality, consistency, and value, making them a world leader when it comes to heavy load moving solutions.

“We are proud to welcome Hilman to the TraceParts Publishing Network which includes 1,000+ catalogs and we are excited to be working with Hilman on digitizing and delivering their products as 3D product data to millions of engineers and designers worldwide.” said Rob Zesch, President of TraceParts America.

About Hilman

Hilman products have been designed, engineered, and manufactured in their New Jersey plant since 1953. Their products include high capacity rollers, powered heavy moving systems, and custom load moving solutions (for heavy moving problems that require special attention).

Hilman provides easy, safe and cost-effective heavy load moving solutions to a wide range of industries (including manufacturing, offshore drilling, construction, and more).

Hilman’s high capacity rollers are known throughout the world for their dependability, flexible design, and durability. They have been the benchmark by which all other machinery rollers and load moving systems are measured.

For more info, visit www.hilmanrollers.com.

About TraceParts

TraceParts is one of the world’s leading providers of 3D digital content for engineering. As part of the Trace Group founded in 1990, the company provides powerful web-based solutions, such as CAD part libraries, electronic catalogs and product configurators.

TraceParts offers digital marketing services to help part vendors, 3D printing suppliers, software and computer hardware vendors promote their products and services and generate high-quality B2B sales leads.

The TraceParts portal is available free-of-charge to millions of CAD users worldwide. It provides access to hundreds of supplier catalogs and more than 100 million CAD models and product data-sheets that perfectly meet the specific needs of design, purchasing, manufacturing and maintenance processes and operations.

ANN ARBOR, MI, USA, Jan 21, 2021 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces an upcoming free educational webinar, “Research on Cloud/SaaS Adoption in PLM.” The webinar will take place on Thursday, February 11, at 11:00 a.m. (EST) and last for one hour.

In many leading companies, legacy product lifecycle management (PLM) implementations have been installed on-site with implementation delays, customizations, and challenges to maintain and adapt to changing business requirements. In smaller companies, PLM is primarily ad-hoc, using Microsoft Excel and shared file services in support of product development. For both, the product development processes are found lacking and unable to support the agility requirements of business today. Many companies are looking to address these requirements using software-as-a-service (SaaS) PLM offerings often delivered using cloud infrastructure.

In late 2020, CIMdata kicked off collaborative research on the adoption of such PLM offerings. Our partners in this research effort include Aras, Dassault Systèmes, PTC, and Siemens Digital Industries Software. The research will help answer vital questions about industrial companies’ on-going and planned SaaS-related PLM efforts. It will consider the extent of the business benefits, the challenges overcome, the satisfaction level relative to expectations, and the impact of SaaS on organizational success. This webinar will share some insights into the findings of this research program.

This webinar will help attendees:

1. Understand more about PLM software adoption at industrial companies.
2. Gain a better understanding of others’ strategies around digital thread/digital twin.
3. Get additional data points to help guide their PLM journey.

According to webinar host Stan Przybylinski, “CIMdata is pleased to work with some of the leading PLM solution providers on this important topic. Companies are looking to the cloud to help meet their lifecycle objectives, and this study will help them understand how companies like them are pursuing that same objective.”

Mr. Przybylinski has over 30 years of experience developing business-enabling IT solutions for research, engineering, and manufacturing organizations worldwide. He has worked in R&D, marketing, and communications with both Fortune 100 companies and small organizations. Stan is responsible for CIMdata’s research agenda, including the CIMdata PLM Market Analysis Report series. He has been directly involved with the selection, consulting, integration, and implementation of large-scale PLM solutions and has worked on projects for both PLM solution providers and end-user organizations in the automotive, aerospace, consumer packaged goods, high-tech, and medical devices industries. He has spoken on PLM-related topics in Europe, North America, and Asia.

This webinar will be useful to PLM practitioners, solution providers, and anyone interested in learning more about this topic.

During the webinar, attendees will have the opportunity to ask questions about the topics discussed.

1. To find out more, visit: https://www.cimdata.com/en/education/educational-webinars/research-on-cloud-saas-adoption-in-plm.
2. To register for this webinar, please visit: https://register.gotowebinar.com/register/2218389365162151184.
3. Industrial end-users who have not yet participated in this research may do so by completing our survey available at https://www.esurveyspro.com/Survey.aspx?id=f4459fba-1891-4788-9af4-ad79376846f6.

EXTON, PA, USA, Jan 21, 2021 – Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, will release fourth quarter and its fiscal full-year 2020 operating results, before the market opens, on March 2, 2021. (The Company’s filing schedule accords with its designation, for the initial public offering of its common stock in September, 2020, as an Emerging Growth Company).

During its presentation, the Company will provide its annual investor guidance for 2021 revenues, ARR growth, and Adjusted EBITDA.

A live Zoom Video Webinar of the event can be accessed at 8:30 a.m. Eastern Time that same day through a direct registration link at https://zoom.us/webinar/register/WN_i4XEjuozSPicl1dXJtnsCg. Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com. A replay and transcript will be available after the conclusion of the live event on Bentley Systems’ Investor Relations website.

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our 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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annualized revenues of more than $800 million in 172 countries. www.bentley.com

MILWAUKEE, WI, USA, Jan 21, 2021 – Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, has completed the acquisition of Fiix Inc., an AI-enabled computerized maintenance management system (CMMS) company based in Toronto, Ontario, Canada.

Fiix’s cloud-native software helps companies to schedule, organize and track equipment maintenance. It connects seamlessly to business systems and drives data-driven decisions. The addition of Fiix advances Rockwell Automation’s software strategy and enhances capabilities in the company’s Lifecycle Services business, which provides a full range of industrial automation services to help customers maximize the value of their production assets, systems, plants, and processes. Additionally, it underscores Rockwell Automation’s focus on helping customers be more sustainable. Through a CMMS, businesses can operate more efficiently by reducing waste and energy use.

Fiix will be reported as part of Rockwell Automation’s Software & Control operating segment.

Rockwell announced its intent to acquire Fiix in November 2020 and the transaction closed in December 2020. Terms of the transaction were not disclosed.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 23,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

EVRY, France, Jan 21, 2021 – TOPSOLID SAS, former Missler Software, the French leader in CAD/CAM software for the industry is pleased to announce the availability of TopSolid 2021 (v7.15) Beta.

Each year, TOPSOLID SAS invests nearly 20% of its turnover in R&D and enriches TopSolid with hundreds of improvements and new features inspired by the feedback from our partners and customers. This new version of TopSolid is particularly rich with new features and brings to the market numerous innovations of existing products and new products to meet the needs of Industry 4.0.

First, TOPSOLID SAS is very pleased to announce the international launch of TopSolid’Steel 2021, the CAD software for the metalworking industry.

1. All the power and associativity of TopSolid at the service of metalworking companies.
2. Intuitive ergonomics that make the application easy to learn and use.
3. Complete integrated libraries that save time in the use of construction standards.
4. Rapid generation of documents for production: drawings, notices, etc.
5. Powerful interfaces to help you collaborate in a BIM environment.

TopSolid’Design 2021 is enriched with nearly 200 new features and evolutions in Design, Mold and Electrode among which:

1. Graphics performance has been improved: large assemblies are displayed 20% to 30% faster, and graphics resources are used more.
2. The rendering module has been improved. Emissive environments are now managed.
3. A new function for automated document production (drafting, unfolding, nesting, bill of materials, export of bundles) has been introduced.
4. Import of PMIs and Features has been improved, especially for files in the native formats of third-party CAD software.
5. The conversion of PMIs to Manufacturing Features (MF) opens the way to automate the digital chain from design to machining, regardless of the origin of the parts.
6. TopSolid makes it possible to import point clouds produced by 3D scanners and to use these points to build exact geometry.
7. The FBX export to virtual reality and real-time rendering software has been improved.
8. A powerful component (metalwork) distribution function has been introduced.
9. New sheet metal part repair functions have been introduced.
10. TopSolid now manages curved profiles.
11. Modeling functions for CAM have been added, including an edge protection surface function.

TopSolid’Pdm 2021 is enriched with two major functionalities:

You can activate data replication and share your projects between all your production sites, wherever they are in the world with TopSolid’Pdm Multisite.

1. An affordable multi-site sharing solution.
2. Simple to set up.
3. Allows data replication to multiple remote servers.
4. Compatible with all TopSolid business modules.
5. Compatible with any type of Active Directory.

TopSolid’Pdm has a new project explorer. With TopSolid’Pdm WebExplorer, you can consult your projects remotely from a simple web browser on any platform.

1. Exploring projects and libraries.
2. Document viewing: Part, Assembly and Drafting documents.
3. Visualization of metadata and document status.
4. Users’ right management.

TopSolid’Cam 2021 is enriched with nearly 200 new features and evolutions for all modules:

1. TopSolid’Cam is enriched with a swiss turning module and post-processors adapted to multi-axis, multi-channel machines.
2. The BoostMilling optimized tool paths have been enriched with new options.
3. 4-axis machining has been the subject of numerous improvements, including the creation of dynamic tool paths in 4X radial (BoostMilling 4X).
4. Dynamic turning machining (BoostTurning) is now available.
5. The automatic machining of MFs (Manufacturing Features) has been extended and improved.
6. TopSolid is enriched with new 5-axis roughing and finishing algorithms for machining:
   1.           Blade parts: wheels, blisks (blade disk parts)
   2.           5-axis pocketing
7. The drilling paths have new optimization options.
8. A broaching operation is now available.
9. The management of custom allowances is available for turning operations.
10. Division of the 3D roughing path according to the tool exit distance.
11. It is possible to copy and paste machining operations graphically.
12. TopSolid’Cam now manages turrets with an integrated tool magazine.
13. The machining feature analysis for cylinders and drillings has been improved and optimized.
14. It is possible to limit the analysis areas according to curves.

TopSolid’ShopFloor Cam 2021 is a new product in the TopSolid range, designed for CNC operators in the workshop. It allows you to visualize, simulate, and verify the machining ranges produced by TopSolid’Cam. Depending on the authorizations granted, the operator will be able to adjust the machining program. The software improves collaboration between the Process Planning department and the workshop operators.

1. A solution connected to the PDM, to avoid any risk of machining the wrong part.
2. The access to the modification functionalities is configurable user by user.
3. The modifications made to the programs are tracked and logged.
4. Intuitive ergonomics that make the application easy to learn and use.
5. A graphical interface compatible with touch screens.
6. Reliable and accurate simulation features.

TopSolid’Cam Simul 2021 is the G-code simulation solution integrated into TopSolid’Cam.

1. A fully integrated ISO code simulation solution, complementary to the simulation and verification of the product line.
2. TopSolid’Cam Simul reproduces the exact behavior of the machine.
3. The calculation of operation and interoperation times is even more accurate.
4. The solution has a program optimization function and saves up to 15% in machining time.

The TopSolid suite is enriched with two new products dedicated to Industry 4.0: a quotation aid solution for the manufacturing of mechanical parts, TopSolid’PartCosting, and a bubbling and dimensional control solution, TopSolid’Inspection.

TopSolid’PartCosting:

1. A solution allowing traceability, capitalization, reuse, and security of manufacturing time calculation methods.
2. Reliability of time calculation compared to estimation by experience.
3. A solution that limits your dependence on the maturity of the estimator.
4. A proven methodology to ensure that nothing is forgotten in the costing process.

TopSolid’Inspection:

1. The solution enables OCR recognition of the dimensions to be checked by bubbling the drawing.
2. The solution integrates the management of tolerance standards, adjustments and checking fixtures.
3. Dimensions are recorded on the shopfloor via a simplified tablet interface.
4. The solution is compatible with the connected checking fixtures and software for three-dimensional machines.
5. Integrates a statistical process control (SPC): capability study, control charts.

Availability

The official release of TopSolid 7.15 is scheduled for March 1, 2021.

About TOPSOLID

TOPSOLID SAS, headquartered in Evry, France, is the publisher of the TopSolid software, which provides CAD/CAM and ERP solutions for the mechanical manufacturing, tooling, wood and sheet metal work industries. With a headcount of 320, the company turned over €45 million in 2018. Every year, TOPSOLID invests some 30% of its turnover in research and development for its integrated range of software. The company was founded in 1984 and has been present on the international stage since 1997. Today, about 70% of the software is exported through a network of 60 value-added resellers all over the world. For more information, visit www.topsolid.com.

WATERLOO, ON, Canada, Jan 20, 2021 – Maplesoft announced the release of Maple Learn, a new online environment designed specifically for teaching and learning math and for solving math problems from high school to second year university. Maplesoft is the developer of the powerful math software Maple, which is used by mathematicians, educators, students, engineers, and scientists around the world. Maple Learn is an online version of Maple that is focused specifically on the needs of teaching and learning math. While today marks the official launch, over 5000 people have already used Maple Learn during its public beta this fall.

Instructors can use Maple Learn as an engaging environment that helps students learn math, whether they are in the classroom or involved in remote learning. Maple Learn provides great flexibility in problem-solving, allowing the educator to combine steps worked out by hand with computations performed by Maple Learn. This allows educators to focus their instruction time and students’ attention where it is needed most. In addition, instructors can create interactive explorations of mathematical expressions with a simple click of a button, enabling students to develop their conceptual understanding of concepts by watching the effects of changing parameters.

In addition to being a demonstration and problem-solving tool, educators can also provide illuminating graphs, computations, explanations, and interactive explorations all together in a single online document that is easy to share with their students. Users only need a web browser and internet connection to create, access, and interact with Maple Learn documents.

For students, Maple Learn provides an opportunity to solve a problem or create a graph instantly, such as when they are checking their homework, or to work out problems in the same way they would do on paper. When needed, students can then use Maple Learn to check individual steps to help them track down where they went wrong. And if they want more help, students can easily share their work with a classmate, tutor, or teacher. No matter where that person is located, they will be able to see everything the student has done, making it significantly easier to assist students who are at a physical distance.

Maple Learn is the latest member in the Maplesoft product family. Maplesoft’s flagship product, Maple, combines the world’s most powerful mathematics engine with an easy-to-use interface, a sophisticated programming language, education-specific features, and extensive connectivity and documentation tools.  Students who initially use Maple Learn, with its exclusive focus on teaching and learning, will be able to transition to Maple if and when their needs grow. Complementary to both products is the free Maple Calculator App, which allows students to graph and solve problems on their phone, but also to move those problems into Maple or Maple Learn for deeper investigation.

“Maplesoft has worked with educators for over 30 years to develop software tools that support math education, and Maple Learn is a direct result of those discussions. Educators told us that, while Maple is a great tool for doing, teaching, and learning all sorts of math, some of their students found its very power and breadth overwhelming, especially in the early years of their studies. As a result, we created Maple Learn to be a variation of Maple that is exclusively focused on the needs of educators and students teaching and learning math in high school, two year and community college, and the first two years of university”, says Karishma Punwani, Director of Academic Product Management at Maplesoft. “Of course, in the face of the pandemic and the vast increase of remoting learning, an online environment is more important than ever, and we hope that students and teachers dealing with remote learning this year will find that Maple Learn makes their lives just a little bit easier.”

Anyone can sign up for a free Maple Learn account, which allows access to all functionality with limits on daily use. A Premium subscription, which is available for US$ 6.99/month, offers unlimited access.  Instructors may be eligible for a free Premium account. For more information about Maple Learn, visit https://www.maplesoft.com/products/Learn.

About Maplesoft

Maplesoft has provided mathematics-based software solutions to educators, engineers, and researchers in science, technology, engineering, and mathematics (STEM) for over 30 years. Maplesoft’s flagship product, Maple, combines the world’s most powerful mathematics engine with an interface that makes it extremely easy to analyze, explore, visualize, and solve mathematical problems. Building on this technology, the product line includes solutions for education and research, system simulation, calculation management, and systems engineering.

Maplesoft products provide modern, innovative solutions to meet today’s technical challenges, from exploring math concepts on a smartphone to reducing development risk in complex engineering design projects. Maplesoft products and services are used by more than 8000 educational institutions, research labs, and companies, in over 90 countries.

Maplesoft is a subsidiary of Cybernet Systems Group.

BOSTON, MA, USA, Jan 20, 2021 – PTC (NASDAQ: PTC) has completed its acquisition of Arena Solutions, the industry’s leading software as a service (SaaS) product lifecycle management (PLM) solution. The combination of Arena Solutions and Onshape, which PTC acquired in 2019, establishes PTC as the leading provider of pure SaaS solutions for the product development market and broadly extends PTC’s presence in the attractive midmarket, where SaaS solutions are becoming the standard.

“Together, Arena Solutions and Onshape will provide a powerful pure SaaS CAD and PLM solution that is positioned to capture the rapidly emerging shift toward SaaS for product design, development, and realization,” said Jim Heppelmann, President and CEO, PTC. “The combined solution will allow manufacturers to improve collaboration and accelerate innovation in the ‘new normal’ created by the global pandemic. With our Creo and Windchill solutions showing strong momentum in the traditional CAD and PLM market, and now the Arena and Onshape solutions leading the way in SaaS, PTC is well positioned to lead the product development market today and into the future.”

According to independent industry analyst firm Gartner, the overall SaaS market is poised to surpass $120 billion in 2021. As the product development market responds to the COVID-19 pandemic, early adopters have realized the impact of key SaaS benefits especially as they relate to digital transformation.

Concurrent with the closing of the Arena Solutions acquisition, PTC has expanded its SaaS business unit, which now includes Arena, Onshape, and PTC’s market-leading Vuforia® augmented reality technology. The expanded business unit will be led by long-time PTC global sales leader Mike DiTullio, reporting directly to PTC’s CEO, Jim Heppelmann. Jamie Pappas, a 25-year PTC sales veteran, has been elevated to succeed DiTullio as head of global sales. Pappas has led regional sales in Asia, Europe and, most recently, North America, driving consistently strong performance in each role.

“The expansion of our SaaS business unit will allow us to focus on integrating the Arena team into PTC and leveraging the tremendous talent and expertise we have across our SaaS portfolio,” continued Heppelmann. “Mike DiTullio has demonstrated his ability to align organizations to drive growth, and I am confident that in this new role he can help us capitalize on our SaaS technology leadership position. Jamie Pappas is an accomplished veteran sales leader within PTC, and I am equally confident in a smooth and seamless transition as he assumes his new role. PTC is fortunate to have such a strong bench of sales and business leadership.”

Arena Solutions ended calendar year 2020 with approximately $50 million in annualized recurring revenue, reflecting double-digit growth over 2019. PTC continues to expect that the transaction will be neutral to PTC’s FY’21 cash flow from operations target of $365 million and free cash flow target of $340 million (which reflects the deduction of approximately $25 million of capital expenditures from cash flow from operations) and accretive to FY’22 and beyond. PTC expects ARR growth for its first quarter of fiscal 2021 ended December 31, 2020 to be near the high end of guidance. Management plans to update investor guidance as part of its fiscal first quarter earnings release on January 27, 2021.

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don’t just imagine a better world, we enable it. For more information, visit https://www.ptc.com.