CIMdata PLM Industry Summary Online Archive
16 June 2008
Company News
Cimatron to be Fastest Growing CAM Vendor in 2008 - Predicts CIMdata
Cimatron Limited was named as one of the fastest growing CAM vendors.
The CAM market ranking was compiled by consulting and research firm CIMdata and published in the recently-released NC Software and Related Services Market Assessment Report.
According to a press release issued by CIMdata, “The rapid growth of Cimatron in 2007 and 2008 is a combination of improved organic growth and the acquisitions of Microsystem in 2007 and Gibbs and Associates in 2008.”
CIMdata views Cimatron as “one of the industry leaders in the toolmaking software marketplace.” Defining the merger of Gibbs with Cimatron as “a positive move”, the CIMdata report goes on to explain: “The companies are very complementary to one another in product, markets pursued, and distribution channels. It brings together the CimatronE integrated CAD/CAM suite focused on toolmaking with GibbsCAM—which is focused on production machining to provide a more complete product portfolio for the manufacturing industry.”
“The CIMdata report and ranking reflect the success of our growth strategy,” said Danny Haran, Cimatron’s President and Chief Executive Officer. “The 2007 results are attributed to our efforts to develop and launch competitive products for broader segments of the toolmaking and manufacturing sectors, as well as to the positive contribution of the Microsystem acquisition. We expect to see additional growth in 2008 based on the success of our product line and the merger with Gibbs and Associates, which enables us to better serve the global market through our joint distribution network.”
Additional information about the CIMdata report can be found at http://cimdata.com/press/PR08-0603.htm.
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