BOSTON — Siemens PLM Software used its annual industry analyst meeting to take the wraps off application upgrades based on new synchronous technology that the company said rewrites the rules of computer aided design (CAD).
During the two-day event here, top executives also provided a progress update on the company’s effort to create a unified platform for product design and production. Siemens first outlined the initiative, code-named Archimedes, at last year’s event following its $3.5 billion acquisition of UGS. For the first time since the deal was completed in May 2007, officials this week declared the integration of UGS and Siemens complete and a success.
“Moving the two organizations together was well-executed,” said Anton Huber, CEO of Siemens Industry Automation Division, during a presentation. “I’m surprised it went so well.”
Since the acquisition, Siemens PLM has added six significant customer wins, including Volkswagen, Canon, and Samsung, noted Tony Affusso, Siemens PLM’s chairman and CEO, in his presentation. Teamcenter, its flagship PLM product, has experienced a 12% increase in revenue in the last 12 months.