CADmarC Software is acquired by VIAS3D eyes EV industry business By CIOTechOutlook Team

CADmarC Software is acquired by VIAS3D eyes EV industry business

CIOTechOutlook Team | Monday, 16 January 2023, 08:41 IST

A specialised engineering firm called CADmarC Software offers industries—including the automotive industry—customized design-based solutions. Among its clients are Saint-Gobain, Aisin, Kawasaki, Toyota Boshoku Automotive India, Desmaco Engineering, and others.

Branch offices for CADmarC Software are located in Bangalore, Kochi, Coimbatore, Chennai, Hyderabad, and Pune.

In the past, VIAS3D has undertaken profitable acquisitions in the USA and Mexico as part of its expansion plan in order to dramatically expand its reach in both established and developing areas.

With the goal of extending the reach to both core and growing industries, this acquisition is being made with the intention of adding value for Indian and international clients. By focusing on the development of its products for sectors including aerospace, high technology, manufacturing, and electric vehicles, VIAS3D hopes to double its revenue by 2025, rising at a rate of 30% to 50% CAGR annually.

Sumanth Kumar, Global CEO of VIAS3D, said, “We are extremely proud to be able to expand our solutions and services in India with this latest acquisition. VIAS3D has made a mark in the industry by having top-notch technical experts in India, backed by a seasoned global engineering team in USA & Mexico with in-depth knowledge of various industry processes. We welcome the CADmarC team with open arms to provide global value to the engineering community.”

“This will help innovative companies to adopt the best-in-class product development solutions. 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.” He added.

Manmadhan MK, the founder of CADmarC, said, “CADmarC Software and VIAS3D share common values of placing customers first and offering deep technical expertise to help them succeed. We are confident that VIAS3D will continue to provide strong customer support and attention to our clients.”

With Dassault Systemes' Simulia and Catia product suites and VIAS3D's technical experience on the 3DExperience platform, the purchase in India provides existing customers with a strong partner network.