Cadence and Dassault Systèmes Unveil the First Cloud-Enabled, Collaborative Experience to Transform the Development of Electromechanical Systems
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Insights
The strategic partnership between Cadence Design Systems, Inc. and Dassault Systèmes represents a significant advancement in the field of electromechanical systems design. By integrating AI-driven PCB design tools with the 3DEXPERIENCE platform, the collaboration aims to streamline the product development process. This has the potential to significantly reduce design turnaround times by up to five times, which could lead to faster time-to-market for new products. The ability to optimize designs for various critical factors such as performance, reliability and manufacturability, while also considering supply resilience, compliance and cost, is particularly valuable in today's competitive and rapidly evolving market.
From a market perspective, this partnership could enhance the competitive positioning of both Cadence and Dassault Systèmes. The offering of a cloud-enabled, end-to-end solution for next-generation product development could attract a broader customer base, including startups and large enterprises. The emphasis on collaboration and user experience aligns with the current market demand for integrated and efficient design tools. As companies increasingly focus on reducing development cycles and enhancing product quality, the joint solution could see significant adoption, potentially impacting the market share and revenue streams of both companies.
The announcement of the extended strategic partnership and the upcoming integration of Cadence's AI-driven tools with Dassault Systèmes' 3DEXPERIENCE platform may have implications for the financial performance of both companies. Investors should note the potential for increased revenue growth stemming from the expansion of the customer base and the potential for cross-selling opportunities. The collaboration leverages Cadence's expertise in AI tools for IC packaging and PCB design with Dassault Systèmes' robust 3DEXPERIENCE platform, which could lead to operational efficiencies and cost savings in the long run.
Moreover, the projected up-to-5X reduction in design turnaround time could translate into cost savings for customers, making the integrated solution more attractive and potentially increasing market penetration. The financial impact of the partnership will likely become more evident after the joint solution becomes available in the second quarter of 2024. Until then, investors may monitor the companies' performance indicators, such as customer acquisition rates, product adoption levels and any shifts in market demand influenced by this partnership.
The integration of Cadence's AI-driven PCB design tools with Dassault Systèmes' 3DEXPERIENCE platform is a noteworthy development in the technology industry, particularly in the realm of electromechanical product development. The collaboration underscores the growing importance of AI and machine learning in enhancing the efficiency and capabilities of design tools. It also highlights the trend towards cloud-enabled solutions that facilitate seamless collaboration across different engineering disciplines.
The focus on user experience and scalability indicates an understanding of diverse customer needs, from small startups to large enterprises. This trend reflects the broader industry movement towards flexible and adaptable solutions that can accommodate a range of project scopes and complexities. The partnership also aligns with the industry's push towards electrification, connectivity and sustainability, which are becoming increasingly critical in product development. As such, the joint solution could set a new industry standard for electromechanical design tools and potentially influence future technological innovations in this space.
The partnership accelerates the development of Electromechanical Systems Virtual Twins, by bringing together Dassault Systèmes’ 3DEXPERIENCE SOLIDWORKS and Cadence’s AI-Driven OrCAD X and Allegro X
This new integration provides electrical and mechanical engineers with an unparalleled collaboration experience to accelerate the end-to-end mechatronics system development process while optimizing designs for performance, reliability, manufacturability, supply resilience, compliance and cost. The new integration offers a seamless and scalable experience to customers of different sizes, from startups to enterprises.
“Any companies developing electromechanical products today need a synergistic solution in order to avoid time-to-market delays,” said Kimball Cluff, executive vice president of Software Sales at GoEngineer, a leading provider of mechanical and electrical design and analysis solutions from Dassault Systèmes and Cadence. “This new cloud-enabled solution from Cadence and Dassault Systèmes provides electrical and mechanical design teams with a proven and easy-to-deploy collaborative solution with a desirable user experience.”
“Every industry is experiencing exploding product complexity due to electrification, AI/ML, security, connectivity and sustainability requirements,” said Tom Beckley, senior vice president at Cadence. “Cadence is the leader in developing AI tools for advanced IC packaging and PCB design. With Dassault Systèmes’ powerful 3DEXPERIENCE platform, customers can now design using a best-in-class solution that enables collaboration across PCB and 3D mechanical design.”
“Today's experience economy, where the value of a product comes from its usage, drives exponential demand for connected evolutive electromechanical products. Companies are shifting to experience thinking in their product development processes. Our fast-developing partnership with Cadence empowers our customers to make this shift,” said Philippe Laufer, Executive Vice President Global Brands, Dassault Systèmes.
The joint solution will be available in the second quarter of 2024. Customers can learn more about the solution by visiting Cadence or one of the joint SOLIDWORKS partners at Dassault Systèmes’ 3DEXPERIENCE World 2024 or online at www.cadence.com/go/MechatronicSolution.
About Cadence
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For nine years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.
About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE® Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com
© 2024 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the
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Source: Cadence Design Systems, Inc.
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