Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC), a leader in Product Lifecycle Management (PLM) solutions, Global Engineering services, Embedded System solutions and Digital Technology solutions, today announced the release of its next generation collaboration solution, GeometricEDGE® to enable design and engineering data exchange between OEMs, partners, and joint ventures for global engineering. Built based on Geometric’s extensive experience in PLM and interoperability solutions, GeometricEdge leverages the Collaboration Portal from PDTec AG, a leading provider of software and services for enterprise wide collaboration in product development.

OEMs are entering into new partnerships, or creating joint ventures, to gain access to local markets, technology, and resources, and to increase their product range rapidly. The number of such partnerships and joint ventures is growing quickly. However, inherent differences in the product development methodologies and systems are hampering the timely realization of these partnerships.
“Collaboration is becoming a way of life for our customers be it with each other, their suppliers or joint ventures.  The demand for data exchange, while protecting respective intellectual property is becoming more acute.  GeometricEDGE provides a unique solution, keeping future requirements in mind, and has numerous applications both inside and outside our customer base”, said Manu Parpia, MD and CEO, Geometric.

Based on industry standards (e.g., STEP AP242/ ISO 14306 JT), GeometricEDGE simplifies the process of setting up the data exchange between partners by providing a non-invasive collaboration framework for secure product data exchange. Its process templates provide flexibility to manage OEM partner-pair specific exchange processes. The solution accelerates setting up a collaborative data exchange and its analytics capabilities provide visibility into data sharing patterns and opportunities for further optimization.

According to Peter Bilello, President of CIMdata, “The future of manufacturing is in joint-development, design, production, and service of products. Enabling the operationalizing of data exchange between partners in a cost and time effective manner will be key for success.”

“We are pleased to be the selected partner of Geometric to deliver new product data exchange capabilities for enterprise collaboration, thus enabling global engineering teams to work together more efficiently and save significant development time and costs while increasing the quality of their alliances” said Albrecht Pfaff, Head of Sales & Marketing at PDTec.

Geometric has been developing niche interoperability and collaboration solutions for last 10 years, leveraging its rich experience in designing, developing and deploying PLM solutions, and its partnerships with leading PLM vendors. These solutions help organizations in collaborative product design, engineering and manufacturing to enhance their PLM investments.

About PDTec AG
PDTec AG is a renowned and highly reputable provider of software and services for data management in engineering as well as for partner and supplier integration for PDM-based structure and CAD data exchange. The software solutions offered by PDTec – CAD Portal, SimData Manager, and ice.NET – have been developed based on the company’s many years of experience in the integration of data, processes, and systems. They are used primarily in the automotive, aerospace, general machinery, and shipbuilding industries, but are also employed at energy providers and in electronics as well as in the IT industry. The company is headquartered in Karlsruhe, Germany. For more information about PDTec, please visit www.pdtec.de.

About Geometric
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

Listed on the Bombay and National stock exchanges in India, the company recorded consolidated revenues of Rupees 11.05 billion (US Dollars 180.61 million) for the year ended March 2015. It employs over 4800 people across 13 global delivery locations in the US, France, Germany, Romania, India, and China. Geometric has been assessed at Maturity Level 3 for CMMI 1.3- Development and CMMI 1.3-Services for its Software and Engineering Services business units and is ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.

CAMWorks 2015 now runs inside Solid Edge ST8, Siemens latest version of the Solid Edge 3D mechanical design software.

 Geometric Limited, a leader in advanced manufacturing software releases CAMWorks 2015 for Solid Edge ST8.  CAMWorks is the only fully integrated CAM application running inside Solid Edge.

CAMWorks is an industry leader in knowledge-based machining, proprietary feature recognition, and true G-code machine simulation. These technologies enable the automation of the programming process, which result in faster CNC programming, faster setups, plus faster and more concise machining.

CAMWorks for Solid Edge ST8 supports a wide variety of CNC machining needs within Solid Edge.  In addition to 2-1/2 and 3-Axis milling support, 4 and 5 simultaneous milling and multi-axis Mill Turn machining are all now fully supported. Using CAMWorks inside Solid Edge, the design and manufacturing models become one in the same and the fully associative tool paths will update automatically to design changes. The proprietary automatic feature recognition and patented technology database also allow users to capture and automatically reuse their best practices to significantly reduce programming time.

CAMWorks Virtual Machine is also available for Solid Edge, providing true G-Code machine simulation with collision detection to eliminate dry-runs and significantly reduce setup time.  In addition, Geometrics’ high speed machining module, CAMWorks VoluMill can be used to dramatically reduce cycle time and greatly increase tool life for rough milling operations.  Geometric has also amassed a post processor library made of all the major machine tools to aid in rapid implementation of CAMWorks.

CAMWorks is available in 11 languages and is sold in over 60 countries.

The company also records consolidated revenues of INR 2,888.89 Mn.

Geometric Ltd, one of the leaders in Product Lifecycle Management (PLM), Global Engineering Services, and Offshore Software Product Development (OSPD) solutions and technologies, recently announced that the company’s erstwhile Chief Mentor, Mr. Shashank Patkar will take over as the Chief Financial Officer and Global Head of Finance effective February 9th, 2015. Mr. Patkar takes over from Mr. Neeraj Dutt, who has decided to leave for personal reasons.

Shashank Patkar has been a part of the Geometric group since 1986 (when it was still a part of the EBE Division of Godrej & Boyce). He has played many key roles in the organization, including that of CFO from 2003 to 2007, and CEO of its joint venture company 3DPLM Software Solutions from 2007 to 2011.

Announcing the appointment, Mr. Manu Parpia, MD & CEO, Geometric said, “I am very pleased that Shashank has stepped up to take over as the CFO of the company. He was closely involved in setting up our information backbone, and has extensive knowledge and understanding of our financial operations. I am sure with his business acumen, connect with the investor community, and hands-on approach, he will be an immense strength to our finance organization. I take the opportunity to thank Neeraj for his contribution to Geometric’s progress”.

Mr. Patkar has over 28 years of experience in PLM and Engineering, and is one of the founding employees of Geometric. Before taking on the mantle of Chief Mentor, he served as the Chief Transformation Officer, responsible for driving Lean implementation, global process harmonization and re-implementation of ERP. Mr. Patkar is a Mechanical Engineer and holds an MBA from the S.P Jain Institute of Management & Research. He is a past President of Software Exporter’s Association of Pune and represents Geometric on various industries and government forums in Pune.

A revenue rise of 3.3% q-o-q and 4.9% y-o-y

Geometric Ltd recently announced its third quarter financial results for FY 2014-2015. Highlights for the quarter ended December 31, 2014 (Q3 FY15):

• In Dollar terms, revenues rise 1% q-o-q and 5% y-o-y to USD 46.6 Mn
• Signed new deals worth USD 13.09 Mn, highest in the last two years
• Improvement in retention levels, with attrition for the quarter at 12.2% compared to 14.8% in the previous quarter
• EPS for the quarter at INR 2.56

The Company recorded operating revenues of INR 2,888.89 Mn for the quarter ended December 31, 2014, as against INR 2,796.67 Mn in the previous quarter and INR 2,752.80 Mn in the corresponding quarter last year; a growth of 3.3% and 4.9% respectively. The Company’s revenue excluding its joint venture company rose 4.8% and 10% to INR 2,154.22 Mn from INR 2,056.18 Mn in Q2FY15 and INR 1,958.97 Mn in Q3FY14 respectively. In dollar terms, this revenue growth excluding the joint venture company was at 2.4% q-o-q and 10% y-o-y which was effected by the continued weakness of the Euro. In constant currency terms though Geometric’s USD revenues excluding its joint venture company saw a growth of 4.1% q-o-q. Profit after tax stood at INR 163.75 Mn when compared with profits of INR 162.90 Mn in the previous quarter and INR 75.27 Mn in Q3FY14.

Mr. Manu Parpia, Managing Director & CEO said, “We believe our substantial re-structuring is beginning to pay off. Despite being a traditionally weak quarter, we saw growth across our verticals. The Company is increasingly being invited to participate in strategic conversations, which will lead to improvement in revenue both quantitatively and qualitatively.”

The company had a total employee strength of over 4800 employees as of December 31, 2014, including its subsidiaries.

Key wins and additional business highlights for Q3 FY15

The company signed new deals worth USD 13.09 Mn. Some of the significant wins in this quarter include:

• Entered a software product development deal with a leading independent software vendor
• Started an application management services engagement with a European Automotive OEM
• Won an enterprise DFx implementation project with a leading Aerospace OEM in North America
• Began a software product development services contract with shipping major in North America
• Awarded a PLM integration project for a leading aerospace OEM in North America
• Entered a manufacturing engineering project with a leading Auto OEM
• Signed a PLM services project with a leading Chinese Auto OEM

Other important business highlights for the quarter include:

Signed an MoU with College of Engineering, Pune and Colorado State University for setting up a 3D printing lab and promoting additive manufacturing in India. Geometric to invest INR 12 Mn for this initiative.

Partnered with Machining Training Solutions to deliver state-of-the-art training programs at Eastern Florida State University to fill the growing demand for skilled, advanced technology positions critical for leading U.S. manufacturers competing on a global scale.