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Enghouse Releases Third Quarter Results

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MARKHAM, ON, Sept. 5, 2024 /CNW/ – Enghouse Systems Limited (TSX: ENGH) announces third quarter (unaudited) financial results for the period ended July 31, 2024. All figures are denominated in Canadian dollars unless otherwise indicated.

Third Quarter Financial Highlights:

Revenue increased 17.6% to $130.5 million from $111.0 million in Q3 2023 and 13.9% for the nine-month period to $376.8 million from $330.9 million last year;Recurring revenue, which includes SaaS and maintenance services, grew 22.8% to $88.8 million compared to $72.3 million in Q3 2023, and represents 68.1% of total revenue. For the nine-month period, recurring revenue increased to $258.4 million from $210.4 million in the prior period, an increase of 22.8%, as we continue to prioritize this revenue stream;Results from operating activities increased to $34.3 million compared to $30.9 million in Q3 2023 and increased for the nine-month period to $100.4 million, from $86.4 million in the prior period;Net income was $20.6 million compared to $17.6 million in Q3 2023 and $58.7 million year to date compared to $47.1 million last year, as we grow our business with a focus on profitability;Adjusted EBITDA increased to $37.7 million compared to $33.4 million, growing by 12.9%, while achieving a 28.9% margin. Year to date Adjusted EBITDA was $108.2 million compared to $95.9 million in the prior year, an increase of 12.8%;Cash flow from operating activities, excluding changes in working capital, was $37.4 million compared to $35.5 million in the prior quarter and $111.5 million year to date compared to $97.0 million in the comparable period. Cash, cash equivalents and short-term investments reached near record highs at $258.7 million as at July 31, 2024.

Our third quarter operating performance continued its upward trend with revenue, profitability and operating cash flow, all exhibiting positive growth. Our commitment to operational efficiency, alongside our capability in executing and integrating acquisitions continues to deliver positive results. This quarter we completed the acquisition of SeaChange, expanding our IPTV market presence, a growing sector for Enghouse. We have effectively integrated SeaChange into our Asset Management Group, achieving profitability in its first quarter, post-acquisition, although not yet at our standard levels.

Our strategic direction remains steadfast as we continue to expand our business profitably. Offering both SaaS and on-premise solutions positions us uniquely in the marketplace. Operational enhancements across our existing businesses and recent acquisitions are driving positive outcomes, enabling us to maintain robust cash reserves while simultaneously increasing annual dividends, repurchasing shares and pursuing acquisitions. 

Quarterly dividends:          

Today, the Board of Directors approved the Company’s eligible quarterly dividend of $0.26 per common share, payable on November 29, 2024 to shareholders of record at the close of business on November 15, 2024.

Enghouse Systems Limited

Financial Highlights
(unaudited, in thousands of Canadian dollars)

 

For the period ended July 31

Three months

Nine months

2024

2023

Var ($)

Var (%)

2024

2023

Var ($)

Var (%)

Revenue

$

130,501

$

110,997

19,504

17.6

$

376,803

$

330,893

45,910

13.9

Direct costs

45,836

35,872

9,964

27.8

130,619

108,786

21,833

20.1

Revenue, net of direct costs

$

84,665

$

75,125

9,540

12.7

$

246,184

$

222,107

24,077

10.8

As a % of revenue

64.9 %

67.7 %

65.3 %

67.1 %

Operating expenses

49,120

43,901

5,219

11.9

144,331

133,323

11,008

8.3

Special charges

1,243

331

912

275.5

1,440

2,360

(920)

(39.0)

Results from operating activities

$

34,302

$

30,893

3,409

11.0

$

100,413

$

86,424

13,989

16.2

As a % of revenue

26.3 %

27.8 %

26.6 %

26.1 %

Amortization of acquired software and      
customer relationships

(9,663)

(9,730)

67

0.7

(31,183)

(28,400)

(2,783)

(9.8)

Foreign exchange (losses) gains

(1,747)

356

(2,103)

(590.7)

(3,550)

(1,487)

(2,063)

(138.7)

Interest expense – lease obligations

(132)

(172)

40

23.3

(430)

(531)

101

19.0

Finance income

2,333

1,701

632

37.2

7,296

3,683

3,613

98.1

Finance expenses

(29)

(5)

(24)

(480.0)

(41)

(136)

95

69.9

Other income (expenses)

407

(1,312)

1,719

131.0

513

(1,967)

2,480

126.1

Income before income taxes

$

25,471

$

21,731

3,740

17.2

$

73,018

$

57,586

15,432

26.8

Provision for income taxes

4,891

4,164

727

17.5

14,331

10,460

3,871

37.0

Net Income for the period

$

20,580

$

17,567

3,013

17.2

$

58,687

$

47,126

11,561

24.5

Basic earnings per share

0.37

0.32

0.05

15.6

1.06

0.85

0.21

24.7

Diluted earnings per share

0.37

0.32

0.05

15.6

1.06

0.85

0.21

24.7

Operating cash flows

40,333

39,020

1,313

3.4

100,488

86,980

13,508

15.5

Operating cash flows excluding changes
   in working capital

37,363

35,481

1,882

5.3

111,533

96,988

14,545

15.0

Adjusted EBITDA

Results from operating activities

34,302

30,893

3,409

11.0

100,413

86,424

13,989

16.2

Depreciation

647

585

62

(10.6)

1,692

1,824

(132)

7.2

Depreciation of right-of-use assets

1,530

1,606

(76)

4.7

4,606

5,273

(667)

12.6

Special charges

1,243

331

912

(275.5)

1,440

2,360

(920)

39.0

Adjusted EBITDA

$

37,722

$

33,415

4,307

12.9

$

108,151

$

95,881

12,270

12.8

Adjusted EBITDA margin

28.9 %

30.1 %

28.7 %

29.0 %

Adjusted EBITDA per diluted share

$

0.68

$

0.60

0.08

13.3

$

1.95

$

1.73

0.22

12.7

 

Condensed Consolidated Interim Statements of Financial Position

 (in thousands of Canadian dollars)

(unaudited)

   As at July 31,
2024

As at October 31,
2023

ASSETS

Current assets:

   Cash and cash equivalents

$

257,713

$

239,532

   Short-term investments

980

827

   Accounts receivable

108,543

93,383

   Prepaid expenses and other assets

16,445

15,515

   Income taxes recoverable

–

114

383,681

349,371

Non-current assets:

   Property and equipment

4,305

3,273

   Right-of-use assets

13,963

12,242

   Intangible assets

106,878

109,659

   Goodwill

307,291

280,241

   Deferred income tax assets

24,719

28,884

457,156

434,299

$

840,837

$

783,670

LIABILITIES AND SHAREHOLDERS’ EQUITY 

Current liabilities:

   Accounts payable and accrued liabilities

$

71,652

$

67,769

   Income tax payable

2,645

–

   Dividends payable

14,397

12,156

   Provisions

1,974

2,238

   Deferred revenue

131,405

109,019

   Lease obligations

5,330

6,322

227,403

197,504

Non-current liabilities:

   Income taxes payable

–

1,333

   Deferred income tax liabilities

11,135

13,340

   Deferred revenue

7,630

8,170

   Net employee defined-benefit obligation

1,960

1,912

   Lease obligations

8,042

6,080

28,767

30,835

256,170

228,339

 

Shareholders’ equity:

   Share capital

114,812

107,701

   Contributed surplus

10,268

10,404

   Retained earnings

441,391

426,397

   Accumulated other comprehensive income

18,196

10,829

584,667

555,331

$

840,837

$

783,670

 

Condensed Consolidated Interim Statements of Operations and Comprehensive Income

 (in thousands of Canadian dollars, except per share amounts)

(unaudited)                                            

Three months

Nine months

Periods ended July 31

2024

2023

2024

2023

Revenue

     Software licenses

 

$  19,579

$  19,836

 

$  57,046

$  62,587

     SaaS and maintenance services

88,812

72,302

258,383

210,439

     Professional services

18,231

15,904

51,577

50,790

     Hardware

3,879

2,955

9,797

7,077

130,501

110,997

376,803

330,893

Direct costs

     Software licenses

1,689

720

3,104

2,288

     Services

41,696

33,476

122,178

102,694

     Hardware

2,451

1,676

5,337

3,804

45,836

35,872

130,619

108,786

Revenue, net of direct costs

84,665

75,125

246,184

222,107

Operating expenses

     Selling, general and administrative

23,980

22,454

71,661

67,187

     Research and development

22,963

19,256

66,372

59,039

     Depreciation

647

585

1,692

1,824

     Depreciation of right-of-use assets

1,530

1,606

4,606

5,273

     Special charges

1,243

331

1,440

2,360

50,363

44,232

145,771

135,683

Results from operating activities

34,302

30,893

100,413

86,424

Amortization of acquired software and customer relationships   

(9,663)

(9,730)

(31,183)

(28,400)

Foreign exchange (losses) gains

(1,747)

356

(3,550)

(1,487)

Interest expense – lease obligations

(132)

(172)

(430)

(531)

Finance income

2,333

1,701

7,296

3,683

Finance expenses

(29)

(5)

(41)

(136)

Other income (expenses)

407

(1,312)

513

(1,967)

Income before income taxes

25,471

21,731

73,018

57,586

Provision for income taxes

4,891

4,164

14,331

10,460

Net income for the period

20,580

17,567

58,687

47,126

 

Item that may be subsequently reclassified to income:

Cumulative translation adjustment

5,929

(13,632)

7,367

7,406

Other comprehensive income (loss)

5,929

(13,632)

7,367

7,406

Comprehensive income

$  26,509

$    3,935

$  66,054

$  54,532

Earnings per share

Basic

$      0.37

$      0.32

$      1.06

$      0.85

Diluted

$      0.37

$      0.32

$      1.06

$      0.85

 

Condensed Consolidated Interim Statements of Cash Flows

 (in thousands of Canadian dollars)

(unaudited)

 

Three months

 

Nine months

Periods ended July 31

2024

2023

2024

2023

 

OPERATING ACTIVITIES

Net income for the period

$    20,580

$    17,567

$    58,687

$    47,126


Adjustments for non-cash items

   Depreciation

647

585

1,692

1,824

   Depreciation of right-of-use assets

1,530

1,606

4,606

5,273

   Interest expense – lease obligations

132

172

430

531

   Amortization of acquired software and customer relationships

9,663

9,730

31,183

28,400

   Stock-based compensation expense

298

340

1,076

1,271

   Provision for income taxes

4,891

4,164

14,331

10,460

   Finance expenses and other (income) expenses

(378)

1,317

(472)

2,103

37,363

35,481

111,533

96,988

Changes in non-cash operating working capital

6,243

4,367

(246)

380

Income taxes paid

(3,273)

(828)

(10,799)

(10,388)

Net cash provided by operating activities

40,333

39,020

100,488

86,980

INVESTING ACTIVITIES

Net purchase of property and equipment

(683)

(436)

(1,461)

(607)

Acquisitions, net of cash acquired*

(30,854)

(2,361)

(43,448)

(27,978)

Purchase consideration for prior-year acquisition

–

(1,245)

171

(1,012)

Purchase of short-term investments

–

–

–

(69)

Net cash used in investing activities

(31,537)

(4,042)

(44,738)

(29,666)

FINANCING ACTIVITIES

Issuance of share capital

1,412

–

6,095

604

Normal course issuer bid share repurchases

(1,759)

–

(2,906)

Repayment of lease obligations

(2,347)

(1,474)

(5,747)

(5,754)

Dividends paid

(14,398)

(12,160)

(38,742)

(32,606)

Net cash used in financing activities

(17,092)

(13,634)

(41,300)

(37,756)

 

Impact of foreign exchange on cash and cash equivalents

3,091

(4,711)

3,731

 

4,122

(Decrease) increase in cash and cash equivalents

(5,205)

16,633

18,181

23,680

Cash and cash equivalents – beginning of period

262,918

232,151

239,532

225,104

Cash and cash equivalents – end of period

$  257,713

$  248,784

$  257,713

$  248,784

* Acquisitions are net of cash acquired of $245 and $742 for the three and nine months ended July 31, 2024, and nil and $2,088 for the three and nine months ended July 31, 2023, respectively. 

Enghouse Systems Limited
Segment Reporting Information
(in thousands of Canadian dollars)

Three months ended July 31

2024

2023

IMG

AMG

Total

IMG

AMG

Total

Revenue

$

77,522

$

52,979

$

130,501

$

64,302

$

46,695

$

110,997

Direct costs

(27,981)

(17,855)

(45,836)

(18,884)

(16,988)

(35,872)

Revenue, net of direct costs

49,541

35,124

84,665

45,418

29,707

75,125

Operating expenses excluding special charges

(21,257)

(14,190)

(35,447)

(20,401)

(10,803)

(31,204)

Depreciation

(389)

(258)

(647)

(403)

(182)

(585)

Depreciation of right-of-use assets

(997)

(533)

(1,530)

(1,239)

(367)

(1,606)

Segment profit

$

26,898

$

20,143

$

47,041

$

23,375

$

18,355

$

41,730

Special charges

(1,243)

(331)

Corporate and shared service expenses

(11,496)

(10,506)

Results from operating activities

$

34,302

$

30,893

Nine months ended July 31

2024

2023

IMG

AMG

Total

IMG

AMG

Total

Revenue

$

234,189

$

142,614

$

376,803

$

186,733

$

144,160

$

330,893

Direct costs

(79,960)

(50,659)

(130,619)

(54,451)

(54,335)

(108,786)

Revenue, net of direct costs

154,229

91,955

246,184

132,282

89,825

222,107

Operating expenses excluding special charges

(66,166)

(37,637)

(103,803)

(62,686)

(34,719)

(97,405)

Depreciation

(1,158)

(534)

(1,692)

(1,484)

(340)

(1,824)

Depreciation of right-of-use assets

(2,930)

(1,676)

(4,606)

(3,280)

(1,993)

(5,273)

Segment profit

$

83,975

$

52,108

$

136,083

$

64,832

$

52,773

$

117,605

Special charges

(1,440)

(2,360)

Corporate and shared service expenses

(34,230)

(28,821)

Results from operating activities

$

100,413

$

86,424

About Enghouse

Enghouse is a Canadian publicly traded company (TSX:ENGH) that provides mission critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, telecommunications networks, public safety and the transit market. The Company’s two-pronged growth strategy to grow earnings focuses on organic growth and acquisitions, which, to date, have been funded only through operating cash flows as the Company has no outstanding external debt financing. The Company is organized around two business segments, the Interactive Management Group (“IMG”) and the Asset Management Group (“AMG”) due to their unique customer segments and technology offerings. Further information about Enghouse may be obtained from the Company’s website at www.enghouse.com. 

Conference Call and Webcast

A conference call to discuss the results will be held on Friday, September 6, 2024 at 8:45 a.m. EST. To participate, please call +1-289-514-5100 or North American Toll-Free +1-800-717-1738. Confirmation code: 59337. A webcast is also available at: https://www.enghouse.com/investors.php.

The Company uses non-IFRS measures to assess its operating performance. Securities regulations require that companies caution readers that earnings and other measures adjusted to a basis other than IFRS do not have standardized meanings and are unlikely to be comparable to similar measures used by other companies. Accordingly, they should not be considered in isolation. The Company uses Adjusted EBITDA as a measure of operating performance. Therefore, Adjusted EBITDA may not be comparable to similar measures presented by other issuers. Adjusted EBITDA is calculated based on results from operating activities adjusted for depreciation of property and equipment and right-of-use assets, and special charges for acquisition related restructuring costs. Management uses Adjusted EBITDA to evaluate operating performance as it excludes amortization of software and intangibles (which is an accounting allocation of the cost of software and intangible assets arising on acquisition), any impact of finance and tax related activities, asset depreciation, foreign exchange gains and losses, other income and restructuring costs primarily related to acquisitions.

SOURCE Enghouse Systems Limited

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Technology

BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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July 22, 2026

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

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SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

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SOURCE Applied Intuition, Inc.

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