Mattias Stenberg Blog Repost: Where Hexagon PPM is placing its bets

Bengaluru, India

 

 

Where Hexagon PPM is placing its bets

 

The Bricsys acquisition by HEXAGON PPM last October was perhaps a small ticket deal in comparison to typical HEXAGON acquisition deals but a recent blog by Mattias Stenberg of Hexagon PPM is a clear indication that Hexagon is betting very large on this acuisition called BricsCAD, which many industry pundits opined was perhaps a hugely under-valued steal deal for them.

 

In this blog, he reveals a few plans and promises to bring out a new UX in BricsCAD in time for the upcoming conference in Stockholm in October, fast-tracking an earlier plan that would have done it 2 years from now.

 

The blog is reproduced below as-in and is a good read.

 

By Mattias Stenberg on June 14, 2019

HxGN LIVE 2019

 

When you’re in Las Vegas for a week – as we have been for HxGN LIVE 2019 – you tend to think a lot about betting and odds.

No matter how good a gambler you might like to think you are, you can’t know if a bet is a good one until you are looking at it in hindsight. I can say with certainty that historically speaking, Hexagon has been a great bet. In the past 20 years, our value has increased 6,500 percent.

And I’m betting that this trajectory of value will remain upwards… not just in terms of the stock market but also for the companies who invest in our solutions to help them drive efficiency, safety and profitability for their large, complex industrial facilities and assets throughout the life cycle. We have 2,000 developers who are working every day to refine and enhance our software so that our customers can achieve this.

Investing in the status quo will take you to the point of no return. The stakes are too high to do nothing new. We are fearless as we consider innovative ways of making our best-in-class solutions even better.

For instance, our 3D design software is the best in the world. But we are not content with this. That’s why we are working to make it even easier to use.

Initially we planned to unveil our new UX in 2021, but we decided that wasn’t good enough. Today, I’m excited to tell you that after pushing all of our R&D chips on the table, we will release the new interface this fall. How much better will it be? We project that users will save 15 percent on design time with the simplified work processes we will launch.

As the attendees of HxGN LIVE could tell you based on what they saw in The Zone and what they heard in our keynotes, sessions and workshops this week, Hexagon PPM is also betting on Operations and Maintenance. We are betting on Build & Construction.

We are betting on autonomous workflows across the industrial life cycle and relevant business outcomes. Given our customer base, these can create efficiencies worth hundreds of millions of dollars in savings.

I’ve shown you my cards, and I look forward to helping you win big in this digital future.

Hexagon PPM President Mattias Stenberg is responsible for the global strategic direction and overall business development of PPM. He has served in key business roles since joining Hexagon in 2009 – primary responsibilities have included mergers and acquisitions, investor relations, strategic planning and corporate development – and held the title of Chief Strategy Officer prior to joining PPM. Stenberg has an MBA in economics from Linköping University and a degree in computer sciences from Stockholm University, both in Sweden.

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Key Contacts: rakesh.rao(at)thedesignsense.com / +91-9243438300 / +91-8073279755

Follow us on Twitter: https://www.twitter.com/rakesh_rao

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