Tag Archives: ace

Neilsoft acquires another overseas company

Pune-based CAD/CAM/CAE/PLM services and software company Neilsoft is spreading its wings. Last year, it acquired a majority stake in Triplan-AG Technology services, based out of Germany. Now it has acquired (press release 1, press release 2)US-based CADFORCE, which provides outsourced AEC (Architecture, Engineering, and Construction) services. In other words, I believe it is a group of architects, interior designers, draftsmen for hire. Or more formally:

Today, CADFORCE, headquartered in Marina del Rey, California, has more than 400 clients located in 36 states, including many of the world’s foremost architectural firms, homebuilders, engineering and construction firms. Regional offices and production facilities are strategically located in 10 cities across the globe, and our workforce and now numbers more than 200 architects, drafting supervisors, draftsmen and technologists. [They have] completed more than 1500 projects ranging from single family homes to high-rise office buildings and complexes, multibillion dollar mixed-use developments and major university, municipal and hospitality projects.

Neilsoft gains a strong presence in the US, and people who understand the market well, and also gets access to a large number of customers for its software and other technology services in the same market segment. CADFORCE gains the backing of a now international company, and probably a needed infusion of money, for extra stability in these troubling financial times.

Interestingly, Neilsoft’s acquisitions are happening in spite of the fact that Neilsoft is not a publicly traded company. Founded in 1993 by Ketan Bakshi, it received one round