A division of Pune-based SoftTech acquired by CSC of UK

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

and:

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.

Read full article

This entry was posted in News and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Notify me of followup comments via e-mail. You can also subscribe without commenting.