Acquisition
13 September 2000 - 6:01PM
UK Regulatory
RNS Number:8488Q
Cadcentre Group PLC
13 September 2000
13 September 2000
CADCENTRE GROUP PLC
ACQUISITION OF PLANT INFORMATION MANAGEMENT SYSTEM
CADCENTRE Group plc ('Cadcentre'), the UK-based international
leader in IT systems for the design and engineering of process
and power plants, announces the acquisition of all
intellectual property rights to the Open Plant software
formerly marketed by Intelligent Computer Solutions Ltd
(I+C=S), a private company based in London. The consideration
is up to #430,000 payable in cash over the next two years.
Open Plant enables the management and communication of
business objects between different software applications. It
provides tool sets for defining, cataloguing and classifying
objects using the latest standards which are emerging in this
industry.
Open Plant forms the basis of Cadcentre's new Enterprise
Engineering Foundation, enabling the rapid implementation of
systems integration solutions for the entire plant lifecycle
and enterprise-wide web-based access to open and flexible
information.
This latest IPR acquisition follows a number of deals over the
past year which have significantly expanded Cadcentre's
product range and services reach.
By combining Open Plant with its VANTAGE engineering suite and
utilising the most complete engineering object model in the
world, Cadcentre is now positioned to provide the most
comprehensive and flexible engineering information management
solution available to the market, covering all phases of the
plant lifecycle.
Richard Longdon, Cadcentre's Chief Executive stated:
'Cadcentre has moved rapidly from being a vendor of high-end
3D design software to being a supplier of more broadly based
IT software systems to manage the entire engineering
activities of its major customers - including many 'blue chip'
process plant owners and leading engineering companies.
Increasingly, these large organisations are seeking to partner
with technology providers; Cadcentre is now well placed to
fulfil these demands.'
Richard Longdon, Chief Executive; 01223-556655
or John Dersley, Finance Director
Steve Liebmann or Richard Darby at Buchanan Communications
020-7466 5000
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