Acquisition Expands Customer Base Within Japan and Accelerates Japanese Localization of the SmartPlant Suite
HUNTSVILLE, Ala.—(BUSINESS WIRE)—Jan. 19, 2005— Intergraph Corporation (NASDAQ: INGR) announced today that it has acquired the EYECAD 3D plant design software and related customer contracts from Asahi Kasei Engineering Corporation, based in Tokyo, Japan. EYECAD is a 3D plant design system used by more than 150 customers in Japan. The combined organization will market and support both Intergraph and EYECAD software and services in the Japanese market. Terms of the acquisition were not disclosed."The EYECAD transaction is consistent with our strategic plan as it enables a further expansion of our Process, Power & Marine division into the Asia Pacific region and represents an effective use of capital," said Halsey Wise, President and CEO of Intergraph.
Intergraph plans to maintain EYECAD 6.2 for existing Japanese customers and provide enhancements through SmartPlant technology, including improved drawing production and new 3D visualization capabilities. Capitalizing on the engineering expertise contained within EYECAD, Intergraph plans to incorporate into the SmartPlant(R) software suite Japanese specifications and materials reference databases for piping, electrical, instrumentation and related disciplines. EYECAD engineering knowledge and resources will also accelerate localization of the SmartPlant suite for the Japanese market.
Gerhard Sallinger, President, Intergraph Process, Power & Marine, said, "The acquisition of EYECAD represents new market opportunities for Intergraph in Japan as well as technology enhancements for EYECAD customers. The Japanese market remains a key gateway for Intergraph into the entire Asia Pacific region. The addition of Japanese specifications to the SmartPlant suite provides a business and technical edge not only for Japanese engineering firms but also for international companies designing and constructing plants throughout Asia Pacific."
Intergraph Process, Power & Marine: Delivering the SmartPlant Enterprise
Process, Power & Marine (ppm.intergraph.com), a division of Intergraph Corporation, helps worldwide clients bring together the people, work processes and advanced software technology to create the SmartPlant Enterprise. The intelligent software and integration of the SmartPlant Enterprise promote profitability, improve operational excellence and manage assets. Innovative SmartPlant technology supports concurrent engineering design, construction and operation for the process manufacturing, power generation, marine oil and gas and commercial shipbuilding markets.
About Intergraph
Intergraph is a leading global provider of Spatial Information Management (SIM) software. Governments and businesses in over 60 countries around the world rely on our spatial technology and services to support better and faster operational decisions. Our commitment to the customers and markets we serve, history of innovation and proven solutions span 35 years. Intergraph's stock trades on the NASDAQ stock market under the symbol INGR and the Company can be found on the Web at www.intergraph.com.
(C) 2005 Intergraph Corporation. Intergraph and SmartPlant are registered trademarks of Intergraph Corporation. Software and services prices, availability, functions, features and specifications subject to change without notice and are subject to United States export control laws and regulations. This news release contains forward-looking statements regarding future events subject to certain risks and uncertainties of Intergraph Corporation which are discussed in the company's Form 10K filed with the SEC. Copies available upon request to Investor Relations, Intergraph Corporation, Huntsville, Ala. 35894 USA.
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