Three new Bentley products support the iRING standards for real-time interoperability for plant engineering data models. The iRING Users Group, a new group of plant engineering professionals concerned with engineering software interoperability, scored a victory this week with the first commercial release of tools that support the new iRING protocols for open data model … [Read more...] about New Bentley Products Represent Victory for iRING User Group
Plant
Emerson Wins Deal to Modernize Largest Thermal Plant in Kazakhstan
Two contracts call for Emerson to install PlantWeb and Ovation in a plant producing 13% of all electricity in the Central Asia nation. Emerson Process Management will be modernizing controls at the largest thermal power plant in Kazakhstan. The Ekibastuz GRES-1 thermal power plant operates at 4,000 megawatts, supplying 13% of the nation's needs. The plant draws from a local … [Read more...] about Emerson Wins Deal to Modernize Largest Thermal Plant in Kazakhstan
Autodesk releases Plant Design Suite 2011
Autodesk has continued the evolution of its plant design product line that combines core products with newer 3D and data tracking software. Autodesk's Plant Design Suite 2011 includes AutoCAD 2011, AutoCAD P&ID 2011, AutoCAD Plant 3D 2011, and Autodesk Navisworks 2011 software. Autodesk Vice President for Plant Solutions, Mark Strassman says "With very attractive pricing … [Read more...] about Autodesk releases Plant Design Suite 2011
Hexagon Eyes Disruptive Opportunities in $2.1 Billion Acquisition of Intergraph
The Swedish congolerate plans a go-to-market strategy of laser scan for full-time plant and asset analysis, using Intergraph software as the presentation layer. Swedish measurement technology specialist Hexagon AB yesterday announced the acquisition of Intergraph, a leading provider of geospatial and process engineering software, for $2.125 billion. The new owner expects … [Read more...] about Hexagon Eyes Disruptive Opportunities in $2.1 Billion Acquisition of Intergraph
AVEVA Fiscal Year Results Rosy By Comparison
Strong sales in Oil & Gas offset declining revenue in other industry segments. Recurring revenue rose as a percentage of total sales. Unlike most companies we cover, AVEVA has a significant presence in South America, where Oil & Gas are strong markets. [Editor's Note: The conversion used in this article is £1 = $1.45, the rate on June 10, 2010] Plant IT software … [Read more...] about AVEVA Fiscal Year Results Rosy By Comparison
AspenTech Subscription Revenue Continues To Rise in Third Fiscal Quarter
Fiscal 2010 continues to be not such a good time to compare year-over-year results, due to the company's change in accounting methods. Sequentially, the company shows improvement in their third quarter. Aspen Technology, Inc. (NASDAQ: AZPN) reported its financial results for the third quarter of its fiscal year 2010 this week. In a break from our usual financial coverage, we … [Read more...] about AspenTech Subscription Revenue Continues To Rise in Third Fiscal Quarter
Report: Oil Well Documentation Problems May Be Contributing to Cleanup Woes
Bad documentation and faulty as-built record keeping may be behind the continuing problems with British Petroleum's inability to stop the oil flow at its Gulf of Mexico disaster site. The McClatchy news service is reporting that bad documentation on the as-built state of its Gulf of Mexico (GoM) oil wells may be a contributing factor in the continued failed attempts by … [Read more...] about Report: Oil Well Documentation Problems May Be Contributing to Cleanup Woes
Autodesk Grant Powers Biodiesel Initiative
Springboard Biodiesel moves from SolidWorks to Autodesk Inventor to design new Intelligent Local Production biodiesel processor. April 2, 2010—When Springboard Biodiesel CEO Mark Roberts heard about the Autodesk Clean Tech Partner Program, two things came to mind. First, he thought his company, a manufacturer of small-scale biodiesel processing systems with a new product in … [Read more...] about Autodesk Grant Powers Biodiesel Initiative
AVEVA Reboots Annual Customer Meetings
The former user conferences ISEIT and AMUM are being replaced by AVEVA World Summit, with three regional versions for Europe, the Americas, and Asia/Pacific. AVEVA is merging its various separate annual customer conferences into one new series of events entitled AVEVA World Summit. The new summits will become AVEVA's premier customer events for both their plant and marine … [Read more...] about AVEVA Reboots Annual Customer Meetings
New Licensing Plan Forces AspenTech Second Quarter Loss
The short-term hit to revenue is in the company’s best interest, as it continues to fix the mess left by previous leadership. The company also announced a return to NASDAQ listing. March 19, 2010--Process industry software provider Aspen Technology (NASDAQ: AZPN) has reported a net loss in its second fiscal quarter of 2010, ending December 31, 2009. Revenues plunged following … [Read more...] about New Licensing Plan Forces AspenTech Second Quarter Loss