Dassault Systemes Acquires IQMS to Extend the 3DEXPERIENCE Platform to Business Operations for Small and Midsized Manufacturers

IQMS | December 11, 2018

Dassault Systemes (Euronext Paris: #13065, DSY.PA) today announced that it has entered into a definitive agreement to acquire IQMS, a leading manufacturing ERP software company, for $425 million.  With the acquisition of the California-based IQMS, Dassault Systèmes extends the 3DEXPERIENCE platform to small and midsized manufacturing companies seeking to digitally transform their business operations. IQMS’s software – on premise EnterpriseIQ and software as a service WebIQ – deliver an all-in-one solution to mid-market manufacturers for managing engineering, manufacturing and business ecosystems by digitally connecting order processing, scheduling, production and shipping processes in real time.

Spotlight

At FABTECH in Atlanta, Travelers IndustryEDGE managers Erika Melander and Brittani Austin talked with metals manufacturers about automation, the challenge of finding skilled labor, and more at the largest metal forming and finishing trade show in North America.


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INSIGHTS

European Manufacturers Embrace the Cloud to Improve Their Agility

ISG | January 25, 2022

European manufacturing firms are embracing cloud-based technologies and services to accelerate their go-to-market plans and improve digital marketing efforts, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.The 2021 ISG Provider Lens™ Manufacturing Industry Services Report for Europe finds manufacturers on the continent also looking to the cloud to enable direct-to-consumer business models. “Manufacturers in Europe are turning to the cloud to increase their business agility, And they are turning to manufacturing services providers to help them create new reference architectures and bring resiliency to their operations.” -said Christian Decker, EMEA partner, ISG Smart Manufacturing. In addition, manufacturing firms want service providers to help them establish robust configuration management databases and leverage automated testing, including shift-left techniques, the report says. The report also sees the manufacturing industry in Europe looking to revamp its supply chain infrastructure by using predictive models. Manufacturers are looking for more transparency into their supply chains following shortages caused by the COVID-19 pandemic. In some cases, companies are using AI for client or customer forecasts. A chip shortage across all industries, meanwhile, is a challenge for the European automotive industry, which uses older chip designs, the report says. Fabrication facilities (fabs) are available for 3 and 5nm nodes, which are applicable for servers and mobile and laptop processors, but there’s a shortage of 28, 40 and 65nm fabs to make chips used by automakers. Most of the new fab investments are directed towards new nodes and there is an ever-increasing demand from medical, industrial, and automotive verticals. The automotive industry may face chip shortages until 2023, when it may begin using more high-performance parts. Another trend among automakers in Europe is a focus making more electric vehicles, the report says. Automobile manufacturers are working to scale up their electric vehicle infrastructure, which is now taking precedence over autonomous driving technologies. Many auto manufacturers in Europe have announced plans to end sales of gas-powered vehicles, but they face several challenges before realizing these ambitions. Manufacturers of industrial and off-highway vehicles, meanwhile, are looking for ways to optimize their outputs, the report says. Many of these companies are focused on integrating their manufacturing shopfloors across agriculture, construction and heavy vehicles. They are also integrating many layers of automation. The report also sees many European manufacturers looking for custom application-specific integrated circuits (ASICs) instead of traditional, complex processes and systems on chips. With the rapid adoption of the IoT and edge computing, companies are integrating multiple sensors on the edge to deliver powerful and intelligent end-to-end systems. Even mid-sized companies are considering developing their own custom ASICs. In response, service providers have evolved their offerings from conventional design and validation to multiple stages of ASICs. Some service providers are developing smaller and less complex ASICs through turnkey development engagements for clients that are new to this space. The 2021 ISG Provider Lens™ Manufacturing Industry Services Report for Europe evaluates the capabilities of 41 providers across three quadrants: Digital Engineering – Transportation, Digital Engineering – High Tech, and Digital Engineering – Industrial. The report names Capgemini, HCL and Wipro as Leaders in all three quadrants. Bertrandt, LTTS, TCS and Tech Mahindra are named Leaders in two quadrants, and AKKA, Alten, eInfochips, IAV, Infosys and UST are named Leaders in one. In addition, Caresoft Global, IAV, Ignitarium and LTTS were named Rising Stars—companies with “promising portfolios” and “high future potential” by ISG’s definition—in one quadrant. A customized version of the report is available from LTTS. The 2021 ISG Provider Lens™ Manufacturing Industry Services Report for Europe is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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Bison Gear and Engineering Launches 3D CAD Catalog Built by CADENAS PARTsolutions

Bison Gear & Engineering | February 13, 2018

Bison Gear and Engineering has launched an all-new online catalog of digital CAD models for their most popular gearmotors. Built by CADENAS PARTsolutions, the catalog enables Bison's customers to instantly configure and download the exact product they need into their design. The new tool provides an industry-leading digital customer experience by streamlining the product specification process and providing on-demand access to digital product information and 3D CAD data in 100+ formats. Bison Gear and Engineering manufactures fractional and integral gearmotors, electric motors and gear reducers for customers from a variety of industries. The new 3D CAD catalog streamlines access to digital product information by providing on-the-fly product configuration and downloads, which reduces customer engineering and design time.

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ROBOTICS AND AUTOMATION

Jack in the Box Partners with Miso Robotics to Begin Pilot for Flippy 2 and Sippy Product Lines

Miso Robotics | April 29, 2022

Miso Robotics the company transforming the restaurant industry with robotics and intelligent automation announced a partnership with Jack in the Box to begin a piloted test that will deploy its Flippy 2 and Sippy core product lines in one of the national restaurant chain's standalone locations, with possible plans for further integration in the months ahead. Built on the Miso Platform, both products leverage artificial intelligence, machine learning, computer vision and data analytics to maximize efficiency in the commercial kitchen. With continued staffing challenges impacting operating hours and costs, Jack in the Box saw a need to revamp its technology roadmap and establish new systems particularly in the back-of-house that improve restaurant-level economics and alleviate the pain points of working in a high-volume commercial kitchen. "This collaboration with Miso Robotics is a steppingstone for our back-of-house restaurant operations. We are confident that this technology will be a good fit to support our growing business needs with intentions of having a positive impact on our operations while promoting safety and comfort to our team members," said Tony Darden, Chief Operating Officer at Jack in the Box. "We are looking forward to testing Flippy 2 as our new hire at our San Diego location!" Through the installation of Flippy 2 and Sippy, Jack in the Box will test the integration of both products into its operations and measure the benefits of a connected kitchen. With the goal of team members seeing an immediate impact on their day-to-day responsibilities spending less time at the fryer and drink stations and more time in front of customers. "Beginning our journey with a premier brand like Jack in the Box is an enormous step in our commitment to helping restaurants increase throughput, reduce costs and create a safer environment for their staff, From tacos and curly fries to fountain sodas, the future is now for Jack in the Box, and we are ecstatic to serve as the company's technological arm to assure a quality product gets into its customers hands every time they order." Mike Bell, CEO of Miso Robotics Miso Robotics is primarily funded by individual investors and is one of the most successful crowdfund stories in history. With over 18,000 shareholders, the company has raised more than $50MM in crowdfunding to date and is currently in their Series E round, which kicked off with a market valuation of $500 million. About Jack in the Box Jack in the Box Inc. founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box restaurants, one of the nation's largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. About Miso Robotics Miso Robotics is revolutionizing commercial foodservice through intelligent automation solutions that solve some of the largest gaps in back-of-house kitchen operations. Ready to make an immediate financial impact on a restaurant's bottom line, Miso's AI-driven platform incorporates robotics, machine learning, computer vision and data analytics to power and develop its breakthrough products, including: Flippy 2, CookRight and Sippy. With real industry knowledge and learnings accrued through brand partnerships over its first five years, Miso's products are constantly evolving to drive consistency, increase productivity, reduce costs and improve the overall dining experience. Miso is now accepting new investors for its Series E round.

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MANUFACTURING TECHNOLOGY

Contactile Raises US$2.5 Million to Accelerate Development of Tactile Sensor Technology for Robotic Dexterity

Contactile Pty Ltd | May 05, 2022

Australia-based company Contactile has closed US$2.5 million in seed funding to develop and pilot tactile sensors that give robots a human sense of touch and enable robotic dexterity. The round was led by Silicon Valley's True Ventures with participation from Flying Fox Ventures, Radar Ventures and UNSW Founders, the last of which is a program launched by the university where Contactile's three co-founders developed the company's core technology. What makes Contactile's sensor technology superior is its ability to measure 3D forces and torques, partial slip and friction all essential parameters for enabling robotic dexterity. "To hold an object without letting it slip from our grasp, we squeeze it with our fingers," said Dr. Heba Khamis, Conctactile co-founder and CEO. "When an object is heavier, we squeeze harder, and when an object is slippery, we squeeze harder. People know how hard to squeeze an object because they can feel the weight and the slipperiness by touching the object. But robots haven't been able to feel these things before now." Khamis co-founded Contactile with Benjamin Xia, CTO, and Associate Professor Stephen Redmond. The three co-founders have been developing tactile sensors together for eight years, beginning at UNSW Sydney, where they each studied or taught, and performed research in electrical, software and biomedical engineering. Together, they've developed deep expertise in human tactile physiology, artificial tactile sensing, signal processing and machine learning, and control. "We're delighted to partner with True and this amazing group of investors, each of whom brings deep experience in different aspects of rapidly scaling businesses," said Khamis. "They understand the massive opportunity in robotics and the need for smarter, more flexible and more reactive robots that can help do the jobs that are too dull, dirty and/or dangerous for people to do." While robots currently on the market can pick up and place items, they must be precisely programmed for every object they encounter; they cannot adapt to pick up new objects without new, more advanced programming. As such, their behavior is un-human-like and incapable of complex manipulation. Opening jars, turning door handles, and even operating tools are triumphs. Contactile's technology enables robotic grippers to autonomously handle objects never before encountered but also to perform more complex manipulation through touch sensor feedback, enabling robots to use their 'hands' in a more flexible, versatile way. Contactile is looking to solve both short-term and long-term problems from warehouse fulfillment e.g., autonomous gripping of thousands of unique products in a grocery store to space applications e.g., versatile robots for building infrastructure on planets other than Earth. "We're thrilled to partner with the Contactile team and join their bold vision to lead the tactile revolution in robotics, Their innovations in tactile-grip sensors have the potential to transform robots from single-task machines to multi-purpose handy helpers. Applications of Contactile's technology span multiple industrial and consumer robotics scenarios and our investment will accelerate the development of their products and pilots worldwide." Rohit Sharma, partner at True Ventures There is a mega trend towards robotics and automation in every sector, including agriculture, warehousing and logistics, security and rescue, health and medicine, and space. Rich tactile sensing and dexterous robots will be required in these industries as robots are needed to perform more human-like tasks. Contactile will use this funding round to pursue further research and product development in addition to executing a number of pilots to demonstrate the value of tactile sensing. About Contactile Contactile's sensing technology gives robots a human sense of touch and enables dexterous robotic gripping. The technology was developed at UNSW Sydney with initial funding support from the Australian Research Council and US Office of Naval Research Global. About True Ventures True Ventures is a Silicon Valley-based venture capital firm focused on early stage technology startups. With more than $2.8 billion under management, True provides seed and Series A financing to entrepreneurs in today's fastest growing markets. About Flying Fox Ventures Flying Fox Ventures injects early stage capital to propel Australian and New Zealand companies across the globe. They look for amazing people who deeply understand the challenges around them and are breaking the mould on how to solve them. About Radar Ventures Radar Ventures is a private fund based in Australia and New Zealand, investing globally in companies developing frontier technologies that aim to solve some of the world's biggest challenges. Partners are Atlanta Daniel and Rod Drury (founder of Xero). About UNSW Founders UNSW Founders is Australia's leading university-based entrepreneurial program. Contactile is one of 62 graduates from its flagship 10x accelerator program, which has helped its startups raise $70 million of investment capital post program, create 175+ jobs and rapidly expand to new markets.

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Spotlight

At FABTECH in Atlanta, Travelers IndustryEDGE managers Erika Melander and Brittani Austin talked with metals manufacturers about automation, the challenge of finding skilled labor, and more at the largest metal forming and finishing trade show in North America.

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