The structural software division of Pune based SoftTech has been acquired by CSC, a UK-based developers of software for structural engineers, reports CAD CAM News
From SoftTech’s website:
Our range of software products include structural analysis, design and detailing of RCC buildings , trusses, steel beams/ columns, plate girder and gantry girder , retaining walls, overhead and ground water reservoirs and RC liquid retaining structures
Why the acquisition? According to Mark Roberts, CEO of CSC:
SoftTech has a great reputation both with SMEs and within the public sector but our research has shown it is currently only servicing around ten per cent of the available market. Using the global expertise we have developed to date we are confident there is significantly more we can bring to the table, including product enhancements and improved technical support facilities, as well as targeting larger corporates with our own existing product range
Operating since 1995, the structural division of SoftTech generated a 36 per cent increase in turnover for the last financial year from INR25 million to INR34 million. A 30-strong team of engineers and developers including the existing management team will transfer over to CSC as part of the deal.