CIMdata PLM Industry Summary Online Archive
1 March 2012
Acquisitions
Rand Worldwide Acquires Inlet Technology
Rand Worldwide announced that it has completed the acquisition of certain assets of Virginia Beach based Inlet Technology. Inlet Technology is an Autodesk technology integrator, channel partner and services provider primarily focused in the architecture, engineering and civil industry and as such will be incorporated into the IMAGINiT Technologies division of Rand Worldwide.
“With the completion of this acquisition IMAGINiT has increased our pool of talented sales and technical resources in the Mid-Atlantic region,” stated Marc Dulude, chief executive officer at Rand Worldwide. “We remain committed to organic growth further enhanced with acquisitions using our strong balance sheet and this was an ideal candidate in an attractive region.”
“I am very pleased to have completed this transaction and to leave my customers and employees in the hands of the good people at Rand,” said Frank Willson, chief executive officer at Inlet. “This acquisition provides greater benefits to our customers in terms of the scope and breadth of experience that Rand brings as well as enhanced opportunities for our employees who will be joining a larger organization with a global footprint.”
In the coming weeks, IMAGINIT Technologies will be consolidating the former Inlet Technology office into IMAGINiT’s existing Virginia Beach office. Clients who previously dealt with Inlet Technology for their sales, technical and support needs can continue to contact their representatives as they have always done. Once the integration of the companies is complete, customers will receive additional communication from IMAGINiT Technologies providing clarification on how to work with the combined company going forward.
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