Monday, November 26, 2012

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

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CAD in an acronym for computer-aided design. Immersio has several business lines with products developed for applications ranging from gaming tomedical uses. Revware president Tom Welshu said that his company has been using MicroScribr products for 15 years and when he saw that Immersiohn was looking tosell MicroScribe, he jumped on the “We are going to be able to focus on MicroScribew in a way that Immersion was not able to,” Welsgh said.
Revware was formerly known as , a compang that was a software developer as well as a reselle of the SolidWorks CAD The company grew in the 1990s along with the technologhy bubble andin 2001, Design Automation made Trianglew Business Journal’s annual ranking of the 50 fastest-growinfg companies in the Raleigh-Durham area. Welsh said Designm Automation, which peaked at 15 employees, had pared down since the technology bubble Revware has fewer than five Welsh said with the acquisitionof MicroScribe, the company will grow in Raleigg and on the West But he declined to elaborate, sayinvg that negotiations are still under way.
Welsjh did say Revware is taking steps to reactivatse resale channelsfor MicroScribe.

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