Search results for AVEVA
AI & Enterprise
Schneider Electric nears $20 billion acquisition of PTC
Schneider Electric is nearing a deal to acquire U.S. engineering software company PTC for about $20 billion, the Financial Times reported on Oct. 4, citing sources familiar with the matter. The deal could be announced as soon as Oct. 5, though the two companies are still in talks and there is no certainty it will be completed. PTC has a market value of $15.5 billion.
AI & Enterprise
AVEVA appoints Park Ki-beom as head of South Korea unit
Industrial software firm AVEVA said on Monday it appointed Park Ki-beom as head of its South Korea unit. Park will oversee the company’s local business, including strategy development and execution. The company said he joined AVEVA in November 2024 as sales director for semiconductors and high-tech, expanded customer and executive networks, and won large projects. From April 2025, he led sales across additional industries.
AI & Enterprise
Snowflake boosts enterprise data and AI interoperability features
Snowflake on Monday unveiled interoperability features that let companies use Snowflake data as well as external data lakes and open-system data under a single governance model without moving or duplicating data. The announcement was made at the Snowflake Summit 26 annual conference in San Francisco. The company highlighted the general release of Apache Iceberg v3 and Snowflake support for Iceberg tables, plus Horizon Catalog based on Apache Polaris and new integrations with major platforms.
