USA’s VIAS3D acquires CADmarC Software, its first acquisition in India | The Financial Express
Summary
The Houston, Texas-based organisation says it has made successful acquisitions in the USA and Mexico in the past, as a part of its growth strategy which will significantly augment its reach in both traditional and emerging markets. With rapid economic growth in India, VIAS3D plans to mark its presence in the geography and double its combined install base in the next 3 years. It aims to double its revenue by 2025, growing at 30 to 50% CAGR per year by supporting Industries such as electric vehicles, high tech, manufacturing and aerospace defense and space in their product development. At present, VIAS3D’S simulation and software solutions for the automotive industry helps customers for their electric, connected and autonomous vehicles by creating next-generation vehicles necessitates creative design, shared intelligence, systems engineering, and multi-domain collaboration. The combined customer base will also add to VIAS3D’s outreach from private companies to now providing services and solutions to the Government sector as well.” Manmadhan MK, Founder, CADmarC said, “We are confident that VIAS3D will continue to provide strong customer support and attention to our clients.” With the advanced expertise of VIAS3D on the 3DEXPERIENCE platform along with the rich history in SIMULIA and CATIA product suites from Dassault Systemes, the acquisition in India brings in strong partner support for the existing customers.
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