Thursday, November 18, 2010

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

http://www.ratingburner.com/?blog=youtube/pkjx
CAD in an acronym for computer-aided Immersion has several business lines with products developex for applications ranging from gaming to medical Revware president Tom Welsh said that his company has been usinfg MicroScribe products for 15 years and when he saw that Immersioj was looking tosell MicroScribe, he jumped on the opportunity. “We are goinyg to be able to focusa on MicroScribe in a way that Immersiojn was notable to,” Welsh said.
Revwarwe was formerly known as , a compan that was a software developer as well as a reseller of the SolidWorks CAD The company grew in the 1990sz along with the technology bubble and in Design Automation made TriangleBusiness Journal’ annual ranking of the 50 fastest-growinvg companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had pared down since the technologu bubble burst. Revware has fewer than five employees. Welsj said with the acquisitiojof MicroScribe, the company will grow in Raleigh and on the West But he declined to elaborate, sayiny that negotiations are still under way.
Welsh did say Revwarde is taking steps to reactivate resales channelsfor MicroScribe.

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