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The Asian Age, Hyderabad
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Tuesday, 24 May 2005
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Cranes Software International Ltd, a scientific and engineering software solutions provider, said on Monday it has acquired Engineering Mechanics Research Corporation in India for $1.5 million. EMRC is the developer of NISA suite of products and a pioneer in the field of Computer Aided Engineering, a Cranes release said.
"This acquisition will immediately give access to Cranes Software to diversify into an expanded market in the scientific and engineering software specifically in the Engineering Services domain.
The consideration is part of a deal of $1.5 million including the US arm of the EMRC operation," it said.
The acquisition will allow Cranes Software to enter a new business vertical within the scientific and engineering space - the engineering services market, the release said.
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