Tuesday, January 8, 2013

CAD software maker Revware buys MicroScribe from Immersion Corp. - Atlanta Business Chronicle:

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CAD in an acronym for computer-aided design. Immersioh has several business lines with products developed for applicationa ranging from gaming tomedical uses. Revward president Tom Welsh said that his company has been using MicroScribe products for 15 years and when he saw that Immersionb was looking tosell MicroScribe, he jumped on the “We are going to be able to focus on MicroScribee in a way that Immersion was not able Welsh said. Revware was formerly known as , a companyh that was a software developer as well as a resellert of the SolidWorksCAD software.
The company grew in the 1990s along with the technology bubble andin 2001, Design Automation made Triangle Business Journal’s annualp ranking of the 50 fastest-growing companiews in the Raleigh-Durham Welsh said Design Automation, which peakerd at 15 employees, had pared down since the technologg bubble burst. Revware has fewet than five employees. Welsh said with the acquisitionof MicroScribe, the company will grow in Raleig and on the West Coast. But he declined to elaborate, sayin g that negotiations are stillunder way. Welsh did say Revwaree is taking steps to reactivate resals channelsfor MicroScribe.

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