February 21, 2005
Agile Buys Cimmetry
Please note that contributed articles, blog entries, and comments posted on AECcafe.com are the views and opinion of the author and do not necessarily represent the views and opinions of the management and staff of Internet Business Systems and its subsidiary web-sites.
About this Issue .
A weekly news magazine featuring important industry news profiles, a summary of recently published AEC product and company news, customer wins, and coming events. Brought to you by AECCafe.
Welcome to AECWeekly! Agile Software Corporation, a provider of product lifecycle management solutions, announced a couple of weeks ago that it has acquired Cimmetry Systems, Incorporated of Montreal, Canada, best known for its AutoVUE collaborative visualization product line, for approximately $41.5 million in cash. Find out about it in this week's Industry News.
To send contributions to those who were affected by the Indian Ocean Tsunami, take a look at this site:
AECWeekly examines select top news each week, picks out worthwhile reading from around the web, and special interest items you might not find elsewhere. This issue will feature Industry News, Acquisitions/Alliances/Agreements, Appointments, Announcements, Financials, New Products, Around the Web and Upcoming Events.
AECWeekly welcomes letters and feedback from readers, so let us know what you think. Send your comments to me at
Susan Smith, Managing Editor
Agile Buys Cimmetry
surprising, then, that a company like Agile Software Corporation, a provider of product lifecycle management solutions, announced a couple of weeks ago that it has acquired Cimmetry Systems, Incorporated of Montreal, Canada, for approximately $41.5 million in cash.
solutions like Cimmetry's deliver significant value to companies focused on quality, time-to-market, and meeting the needs of their customers with innovative solutions."
AutoVue solutions are well known in the A/E/C, Engineering, Manufacturing and Electronics markets. The solutions feature viewing, markup and collaboration solutions support hundreds of native formats: 3D CAD parts & assemblies, 2D CAD drawings, PCB/IC layouts & schematics, scanned & raster documents, vector files, office documents and graphics.
I spoke with Paul Giaconia, Vice President, Corporate Strategy for Agile to find out just what the acquisition will mean to AEC customers of Cimmetry's collaborative visualization solutions.
1) What will this mean for the AEC customers who use Cimmetry for viewing and markup? Will the product still be available to them?
PG: Agile plans to run Cimmetry as a separate line of business, so there will be no change for AEC customers who use Cimmetry. The product will still be available to them and be enhanced to support the industry specific requirements of the A/E/C community.
2) What will this mean for existing customers of Cimmetry who do not need a PLM solution?
PG: Cimmetry will continue to operate as an independent line of business offering AutoVue to customers who only need a viewing solution (and not a PLM solution). Cimmetry products will continued to be developed, sold and supported, and Cimmetry's customers will gain the benefit of being part of a global company with a strong balance sheet, industry leading products and the same commitment to customer satisfaction that they are used to today.
3) How will the Cimmetry product line be changed to integrate with the Agile solutions, if at all?
PG: Cimmetry products have been integrated into Agile solutions for well over a decade. This acquisition will enable Agile to better-set product direction with Cimmetry and drive higher quality in this key area. Our intention with regard to the Cimmetry product line with regard to OEM partners is to also take advantage of any enhancements so that our partners can create the highest value solutions for their customers.
Autodesk, Inc. announced an agreement to acquire all assets of COMPASS systems GmbH, a European-based developer of the COMPASS family of data management solutions, for 13 million Euros. COMPASS is a leader in the European data management market, and COMPASS customers include more than 20,000 users in 1,800 manufacturing companies.
Autodesk plans to continue offering the COMPASS solution in key European markets and supporting COMPASS customers, while leveraging COMPASS systems' experience in its continuing development of Autodesk's data management solution, featuring Autodesk Productstream(TM).
Cyon Research Corporation, provider of analysis and consulting for engineering technology markets, released a white paper studying the need for continued strategic partnerships between hardware and software vendors.
UGS and Autodesk, Inc. announced a strategic alliance to enable complex product and process information to be widely and quickly shared, without the obstacle of format incompatibility. More on this in next week's Industry News.
CADopia LLC announced that Mario Rosati of Wilson Sonsini Goodrich & Rosati has been retained as legal counsel. Rosati specializes in corporate law, especially as it relates to technology companies. He is a member of the firm's Executive Management Committee, Policy Committee and is also the managing partner of WS Investments.
Oce announced the financial leadership for three of its North American divisions. Dale Drufke, Jack McNulty, and Steven E. Fasano have been appointed Vice Presidents of Oce Digital Document Systems, Oce Wide Format Printing Systems, and Oce Financial Services, Inc., respectively. These appointments recognize their financial leadership and commitment to the company across diverse business units over years of increasing responsibility.
Axomic, provider of digital asset management solutions for architects in the UK, reports a month of record sales with four new customers investing in its flagship OpenAsset software. The latest practices to embrace Axomic's digital asset management technology are John Thompson & Partners, Baily Garner, Scott Brownrigg and Devereux Architects. Axomic offices are in London and Edinburgh. The solution manages libraries of images and other digital assets associated with architectural projects.
Deltek, ERP vendor for project-based businesses, announced strong software sales of $39.2 million for its fiscal year ending Dec. 31, 2004, an increase of 23 percent over the previous year. The company expects its unaudited 2004 revenue to total $122 million, a nearly 20 percent increase over fiscal year 2003 figures.
Meridian Systems® announces that DMJM Management, top-ranked full-service, multi-disciplinary facility firm, has selected Proliance(r), Meridian's Infrastructure Lifecycle Management (ILM) solution for facility construction and modernization programs. This selection is part of a continued relationship between DMJM and Meridian. DMJM is a long-time user of Meridian's project management solution, Prolog(r) Application Suite. Proliance will be used by DMJM to manage a facility improvement program for the Los Angeles Community College District (LACCD).
Meridian Systems®, and Project Team Solutions, Meridian Authorized Premier Partner, announce that W.M. Schlosser Company and Paul C. Rizzo Associates, Inc. have implemented Meridian's leading project management solutions, Prolog® Manager and ProjectTalk®. PC Rizzo has undertaken the largest active dam construction project in the United States (Saluda Dam located in Columbia, South Carolina) using Prolog and ProjectTalk, while W.M. Schlosser has worked with clients like the Architect of the Capitol and realized more than $13,000 in savings using Meridian's solutions.
You can find the full AECCafe event calendar here.
To read more news, click here.
-- Susan Smith, AECCafe.com Managing Editor.
Be the first to review this article