Thursday, September 30, 2010

CAD software maker Revware buys MicroScribe from Immersion Corp. - Triangle Business Journal:

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CAD in an acronym for computer-aided design. Immersion has severalo business lines with products developed for applicationws ranging from gaming tomedicaol uses. Revware president Tom Welsu said that his compan y has been using MicroScribe productsw for 15 years and when he saw that Immersion was lookin tosell MicroScribe, he jumped on the “We are going to be able to focusd on MicroScribe in a way that Immersion was not able Welsh said.
Revware was formerly knowh as , a company that was a softwarde developer as well as a reseller of the SolidWorks CAD The company grew in the 1990s alongy with the technology bubble andin 2001, Desigjn Automation made Triangle Business Journal’ s annual ranking of the 50 fastest-growing companies in the Raleigh-Durhamn area. Welsh said Design Automation, which peakedx at 15 employees, had pared down sinc e the technologybubble burst. Revware has fewer than five Welsh said with the acquisition of the company will grow in Raleigh and on the West But he declinedto elaborate, saying that negotiationa are still under way.
Welsh did say Revwar e is taking steps to reactivatee resale channelsfor MicroScribe.

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