Latest news with #3Dsoftware
Entrepreneur
18-07-2025
- Business
- Entrepreneur
Dassault Systemes Sees Double Digit growth in India on Strong Domestic Demand
During the first quarter earnings, Dassault's Asia revenue increased 5 per cent driven by India, Southeast Asia, and Korea. Asia represented 22 per cent of the software revenue You're reading Entrepreneur India, an international franchise of Entrepreneur Media. French 3D software major Dassault Systemes is seeing double digit growth in India on the back of strong domestic demand from sectors like Manufacturing, Infrastructure, and Lifesciences. India is a key hub for the company with about 15 per cent of its 25,000 strong workforce based here. "Though we don't declare the numbers, we have a good presence in India. India has been contributing significantly to our global revenue of about USD 6.7 billion. From 2020 onwards, we are growing in double digits driven by the domestic demand. We have seen growth in the automotive and infrastructure related projects," Deepak NG, Managing Director, Dassault Systemes India told Entrepreneur India. In India, Dassault Systemes works with companies such as Mahindra & Mahindra, Ashok Leyland, L&T Hydrocarbon, Raphe, and Blumotiv, among others. In the recent past, Dassault is witnessing increased adoption of technology in the manufacturing sector. "Earlier, many of these organizations had homegrown applications…but we have been seeing now that they want to have applications that are well established which actually helps them on optimization of their production plants, making machines interact with each other, etc.," said Deepak. During the first quarter earnings, Dassault Systemes' revenue in the Americas increased by 7 per cent to represent 43 per cent of the software revenue. This growth acceleration is driven by Aerospace & Defense, Transport & Mobility, and High-Tech. Despite tariff uncertainty, Europe, representing 36 per cent of the software revenue, increased 1 per cent, led by good growth in Aerospace & Defense. In Asia, revenue increased 5 per cent driven by India, Southeast Asia, and Korea. Asia represented 22 per cent of the software revenue. In India, though a majority of the revenue is driven by the large enterprises, there is a huge installation base in the MSME and startup segments. "We are seeing a lot of traction from the startup segment whether it is drone manufacturing or EV battery…they are all leveraging our cloud successfully. So we have a dedicated team focusing on that to support startups with some new programs and initiatives, to help them with the right application based on their product design and development. So while large accounts give us more growth because of the size, when it comes to volume, it is mid and startups," said Deepak. In February this year, Dassault Systèmes launched the new "3D UNIV+RSES" technology that embed multiple generative AI technologies at the core of global IP Lifecycle Management (IPLM) for the benefit of its clients. This evolving architecture is aimed at helping clients to fully exploit their 3D design, virtual twins and PLM data in a new space of representation, the premier digital environment to train new categories of Experience as a Service (XaaS).
Fast Company
17-07-2025
- Fast Company
How Blender won over the design world
For decades, Blender—the open-source 3D software tool—had a quirk that distinguished it from other animation software on the market. Instead of clicking to select with the mouse or trackpad's left button, it required users to right-click selections. It was a small but strange defiance of usability norms, and it was illustrative of Blender's unconventional approach to design software. For years after launching in 1994, Blender was considered an under-the-radar tool. Its challenging UX and open-source nature meant it was used primarily by designers and animators who had no money to spend on five-figure professional 3D software licenses. Then in 2019, things changed. Blender rolled out a wholesale redesign, including switching right-select to left-select. It updated its interface to be easier to use and introduced new features that could compete with bigger-budget software packages like Cinema 4D and Autodesk's Maya. Data from Blender shows that download numbers jumped from tens of thousands of downloads per month to nearly 1 million after the relaunch, and since then user numbers have continued to grow.
Yahoo
17-06-2025
- Business
- Yahoo
Virtualware will uplist on Euronext Growth Paris on June 19, following market approval
– Virtualware (EPA:MLVIR), a pioneer in 3D-driven enterprise software, will uplist to Euronext Growth Paris on June 19 under the ticker ALVIR, following approval by the exchange's admission committee Virtualware's uplist will enable the company to operate in a Multilateral Trading Facility with greater market liquidity, aiming for a broader diversification of its investor base and access to new financing instruments. The company went public via a direct listing process on Euronext Access, the market's junior segment, in April 2023 at a valuation of 27 million euros. "This process brings to culmination a two-year journey that began with listing on the Euronext Access Paris in April 2023 and marks an important step forward for Virtualware as we position ourselves to respond to the unprecedented rise in global demand for Real-time 3D enterprise solutions," said Unai Extremo, CEO, Virtualware. "The uplisting will allow us to tap into increased liquidity and investor interest and fulfill our Strategic Plan, and open the doors to further, important markets," he added. Recently, the company reported audited results showing a 91% increase in its full year 2024 EBITDA to 808,000 euros. Pre-tax profit climbed 1712% to 598,000 euros. Financial net debt to EBITDA ratio stood at 0.5 times at the end of 2024. Subscription-based services accounted for 41% of total revenue. VIROO XRaaS revenue grew from 590,555 euros in 2022 to 1,288,060 euros in 2023, reaching 1,725,719 euros by the end of 2024 and marking a 192% increase over two years. Euronext is a federation of exchanges comprising the Paris, Amsterdam, Brussels, Oslo, Milan, Lisbon, and Dublin markets. Meanwhile, Euronext Growth is the marketplace for high-potential SMEs seeking to access European capital. As a multilateral trading platform, it enables simultaneous trading across multiple European financial centers. Virtualware, founded in 2004 and one of the leading experts in immersive and 3D technology solutions, has seen a 35% increase in the value of the company's shares since the initial listing in 2023. Virtualware's current market capitalization is € 36.79 million. Virtualware's client base includes GE Vernova, Petronas, Volvo, Gestamp, Alstom, ADIF, Bosch, Biogen, Kessler Foundation, Invest WindsorEssex, McMaster University, the University of El Salvador, Ohio University, the Spanish Ministry of Defense and the Basque Government. During this period, its software solutions have become synonymous with cutting-edge 3D enterprise. In October 2024, Virtualware acquired Swedish company Simumatik, expanding its capabilities in digital twin and simulation technologies. This acquisition aligns with the company's three-year Strategic Plan to support key industries, including energy, automotive, transportation, defense, manufacturing, education, and healthcare. In 2024, Virtualware also presented a three-year (2024-2026) Strategic Plan featuring expansion in North America, channel-based organic growth, and inorganic acquisitions. The company's headquarters are in Bilbao, Spain, with offices in Orlando, US, Toronto, Canada, and Skövde, Sweden. LKS Next acted as the transaction listing sponsor for the uplisting process. Kepler Cheuvreux will serve as liquidity provider once the company's shares start trading on Euronext Growth. Pedrosa acted as financial communications and investor relations advisor. For further information: Virtualwareir@ Safe HarborThis document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. 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