Press Releases
Cranes Software to merge subsidiary EMRC India with itself
- To reorganize and restructure NISA business in India to derive optimal benefits
Bangalore, May 23, 2006: Cranes Software International Ltd., a global scientific and engineering software solutions provider, has decided to merge the operations of its wholly owned subsidiary, Engineering Mechanics Research India Limited (EMRC India), with itself from April 1, 2006. EMRC, the developer of NISA suite of products and a pioneer in the field of Computer Aided Engineering (CAE), was previously acquired by Cranes in May 2005 for US$ 1.5 million. The acquisition process has now been completed.
Announcing the merger, Asif Khader, Managing Director, Cranes Software International said, "Following the merger, Cranes will be in a position to expand NISA's traditional client relationships in India, offer a new CAE R&D services practice globally to our customers.. We will also be able to take advantage of the Cranes' brand equity to attract high quality talent"
Post-acquisition initiatives
Following the acquisition, Cranes has leveraged EMRC's domain experience and its team of 40 people comprising scientists, technology architects and software engineers to enhance visibility in the targeted market segment. This has resulted in significant expansion of revenues from India-centric business in this space, and is expected to create global upsides in the going forward period as per plan. Cranes has also continued to invest in further development of the core NISA product since the acquisition. It has also launched CAE R&D services which offers complex solutions in the computer aided engineering (CAE) space within automotive, aerospace, energy & power, civil, electronics and sporting goods industries. The practice now has a team of consultant engineers with the experience of more than 100 real life projects.
About Cranes Software International Limited
Cranes Software is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, RD in future technologies, training and high-end consultancy for engineers and scientist worldwide. Focused on the scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large multinational companies to government, defence, educational and research institutions for over a decade.
Today, Cranes Software has its presence in 33 countries across the world and has a user base of more than 360,000. Cranes Software also offers world-renowned solutions from reputed principals such as The Mathworks, Texas Instruments, IBM through product alliances.
With a mission statement to provide its customers the best in scientific technology and to enable its customers to define new limits, Cranes Software is setting new standards in the scientific and engineering field.
For further information please visit www.cranessoftware.com
About Engineering Mechanics Research Corporation
Engineering Mechanics Research Corporation (EMRC) was founded in 1973 as a consulting firm involved in the solution of structural design problems as well as the development of design analysis software. It soon became a leader in the field of computer-aided engineering.
Over three decades later, EMRC continues to provide innovative finite element programs and engineering services.
Today, EMRC is an international center for engineering and computer technology in Troy, Michigan, USA; its subsidiary Company in India was sold some months ago to Cranes. The diligent efforts of EMRC's scientific, engineering, and analytical specialists have produced one of the most powerful families of computer aided engineering programs for finite element modeling and analysis.
For further information, please contact :
Contact : Akila Lean (Cranes Software International Limited)
Phone : +91 80 4112 0000
Fax: +91 80 4123 1274
E-mail :
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Contact : Shiv Muttoo (Citigate Dewe Rogerson)
Phone : +91 22 4007 5036
Fax : +91 22 2284 4561
E-mail :
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Certain statements in this release concerning our growth prospects are forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, including government actions; local political or economic developments; technological risks; risks inherent in the Company's growth strategy; dependence on certain clients; dependence on availability of technical consultants and other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. The Company undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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