Vero Software, a leading provider of CAD/CAM/CAE solutions for the tooling industry, is pleased to announce the merger of Vero Software and Planit Holdings, a leading developer of CAD/CAM software for the production engineering, sheet metal, metal fabrication and woodworking sector.
The Planit Group offers its software products globally under the EDGECAM, ALPHACAM, CABINET VISION, CabnetWare, JAVELIN and RADAN brands.
The combination of Vero and Planit creates the world's leading CAM specialist, and third largest CADCAM vendor - only behind Dassault Systèmes and Siemens PLM *. The merger of the two organisations will provide the platform to build even stronger products through significantly enhanced development capabilities and further extend a growing influence on the global market.
Company profile page for Planit Software Ltd including stock price, company news, press releases, executives, board members, and contact information. Planit is a global supplier of design and manufacturing software for the engineering, woodworking and stone industries.
Commenting on the acquisition, Richard Smith, CEO of Vero Software says, 'Across the enlarged Group, the complementary products address the worldwide need for CAD/CAM/CAE technology in a large variety of focussed manufacturing processes enabling us to accelerate our growth. With greater critical mass we will be able to continue to provide excellent service and support to both existing and new customers. We fully recognize the importance of product branding and customer loyalty, and therefore, it is important to emphasize that we will continue to invest in all of the products. We will move forward together with the expertize, knowledge and resources necessary to deliver even higher levels of productivity to our customers.'
The merger has been funded by Battery Ventures (Boston, USA) who have been investing for more than 25 years in technology-driven companies and work hard with management to build their presence into global market leaders.
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Dave Tabors, General Partner at Battery Ventures comments, 'We are pleased to enter into this transaction with Planit, and are excited about the prospects ahead for the combined group. We believe that both Vero and Planit have been following a very smart strategy in a highly fragmented market. With strong products, a high quality management team, and the respect of its customer base worldwide, the company is well positioned for future growth - both organically and through acquisition.'
* Source : CIMData
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| Industry | Computer Aided Design, Computer Aided Manufacturing, Computer Aided Engineering |
|---|---|
| Founded | Italy, October 1988 |
| Headquarters | , England |
| Worldwide | |
Key people | Steve Sivitter (Chief Executive), Julie Randall (Finance Director), Marc Freebrey (Marketing Director) |
| Products | Alphacam, Cabinet Vision, Edgecam, Javelin, Machining Strategist, PEPS, Radan, SMIRT, SURFCAM, VISI, WorkNC |
| Owner | Hexagon AB |
| Website | verosoftware.com |
Vero Software is a company based in Cheltenham, England, that specialises in CAD CAM (Computer Aided Design and Manufacturing). Gotomypc system requirements.
History[edit]
Vero was founded in Northern Italy in October 1988 by Don Babbs and Ezio Galardo when they left Olivetti. In the mid 1990s, its VISI-CAD and VISI-CAM products were the first to use the PC implementation of the Parasolid kernel.
The company was incorporated in 1997 under the name Deepcredit Limited, and then renamed as VI Group Plc in 1998 prior to its listing on the London Stock Market.[1] In October 2007, the company was renamed to Vero Software.[2]
On 11 August 2008, Vero Software Plc and its UK subsidiaries Vero UK Limited[3] and Camtek Limited moved to a combined facility in Cheltenham, Gloucestershire from its previous location in Stroud.[4] In 2010 and 2014 Vero Software was awarded 'The Queens Award for Enterprise'.[5]
Vero Software develops and distributes software for aiding the design and manufacturing processes, providing solutions[buzzword] for the tooling, production engineering, sheet metal, metal fabrication, stone and woodworking industries. The company's brands include Alphacam, Cabinet Vision, Edgecam, Machining STRATEGIST, PEPS, Radan, SMIRT, SURFCAM, VISI, and WorkNC, along with the production control MRP system Javelin.[citation needed]
The company has direct offices in the UK, Germany, Italy, France, Japan, USA, Brazil, Netherlands, China, Korea, Spain and India supplying products to more than 45 countries through its wholly owned subsidiaries and expansive reseller network.[6]
Acquisitions and capital funds[edit]
- May 2000 – acquired an Italian software company formerly known as Tecnocam for $349k plus shares.[1]
- March 2001 – acquired the Electronic Data Interchange, a division of the South Wales-based Ubiquity Software Corporation used for the secure transfer of automotive CAD/CAM data for $361k.[1]
- May 2001 – November 2003 – raised up to €4.2million from a Eureka development grant[7] Accordingly, the Company recognised $680k due to the Eureka grant and other Italian grant awards as development cost savings in the 2002 accounts.[1]
- May 2002 – Raised $4.6m from the stock market.[1]
- July 2002 – took over its US subsidiary for the assumption of $355k in debt and forgiveness of another $259k of debt.[1]
- August 2002 – sold its office in Prague for $33k.[1]
- September 2002 – acquired machining STRATEGIST and the majority of the programming team from NC Graphics for £1m cash plus shares.[8]
- May 2003 – Received £143k from the South West Regional Development Agency.[9]
- December 2006 – acquired Camtek, a nearby CAM software supplier.[10]
- July 2010 – Battery Ventures acquires Vero Software.[11]
- October 2011 – acquired Planit Software.[12]
- January 2013 – acquired Sescoi International.[13]
- February 2013 – acquired Surfcam.[14]
- August 2014 – Vero Software was acquired by Hexagon AB.[15]
Solutions[edit]
Production CAM:
- Edgecam: a production CAM software for milling, turning and mill-turn machining.
- Surfcam: is a CNC Programming software for 2 axis to 5 axis machining.
- Machining Strategist: is a 3D CAM software for roughing and finishing CNC toolpaths .
MOLD & DIE / AUTOMOTIVE:
- VISI: is a CAD/CAM software for the mould & die manufacturing industry.
- WorkNC: is a CNC software for 2D, 3D and 5-Axis machining of surface or solid models in mould, die and tooling
- Smirt: is a 3D viewing / CAM and process management for the die build stamping industry .
VERIFICATION:
- NCSIMUL:
TOOL MANAGEMENT:
- Fasys:
SHEET METAL:
Planit Holdings Ltd Share Price
- Radan: is a CAD/CAM software for the design and laser cutting, punching and bending of sheet metal components.
ERP/MES:
Planit Holdings Ltd Ipo
- Javelin: is software for Manufacturing Resource Planning and Production Control Software.
- Workplan: is software for Manufacturing Resource Planning and Production Control Software.
Planit Holdings Ltd Llc
WIRE EDM:
- Peps: is a 3D CAM software for wire EDM and multi-axis laser programming.
Planet Holdings Ltd
WOOD:
- Alphacam: is a CAM software for wood, stone, composites and metal components from 2-Axis through to 5-Axis NC programming.
- Cabinet Vision: is a software to design, price, render and build for woodworkers and cabinetmakers.
References[edit]
- ^ abcdefg'VI Group PLC – 20-F – For 12/31/02'. Securities and Excise Commission. Retrieved 22 December 2007.
- ^Vero – Shaping your world – Confirmation of name change for VI Group PlcArchived 11 October 2009 at the Wayback Machine
- ^'Vero UK Limited: Private Company Information - Bloomberg'. www.bloomberg.com. Retrieved 28 February 2018.
- ^'Vero Software relocates HQ' (Press release). Vero Software Plc. 13 August 2008. Archived from the original on 9 October 2008. Retrieved 13 August 2008.
- ^'Vero Software wins Queen's Award for Enterprise' (Press release). stockmarketwire.com. July 2010. Retrieved 21 June 2013.
- ^'Vero Software Company Profile'. www.cabinetvision.com. Retrieved 28 February 2018.
- ^'Integration of Existing Cad/Cam Programs Under A Common User Interface'. EUREKA. 15 May 2001.
- ^'Interim results for the six months to 30 June 2002' (Press release). Vero International Software. 30 September 2002. Archived from the original on 17 October 2006. Retrieved 16 May 2007.
- ^'Details of grant awarded to VI Group (now Vero Software) for development of modelling technologies'. WhatDoTheyKnow. 8 April 2008.
- ^'Acquisition of Camtek Ltd' (Press release). Vero International Software. 1 December 2006. Retrieved 16 May 2007.
- ^'Battery Ventures Acquires Vero Software' (Press release). worksmanagement.co.uk. July 2010. Retrieved 21 June 2013.
- ^'Acquisition of Planit Holdings Ltd' (Press release). worksmanagement.co.uk. October 2007. Retrieved 21 June 2013.
- ^'Acquisition of Sescoi International Ltd' (Press release). worksmanagement.co.uk. January 2013. Retrieved 21 June 2013.
- ^'Acquisition of Surfcam' (Press release). machinery.co.uk. February 2013. Retrieved 21 June 2013.
- ^'Acquisition of Vero Software' (Press release). hexagon.com. July 2014. Retrieved 21 July 2014.
