Hybrid Software Group PLC: Hybrid Software Group PLC acquires 3D software business
15 März 2022 - 08:00AM
Hybrid Software Group PLC: Hybrid Software Group PLC acquires 3D
software business
PRESS RELEASE
REGULATED INFORMATION
HYBRID SOFTWARE GROUP PLC
ACQUIRES 3D SOFTWARE
BUSINESS
Cambridge
(UK), 15
March 2022
(08:00
CET): Hybrid Software Group PLC
(Euronext: HYSG) announces today that on 14 March 2022 it acquired
the business and assets related to iC3D from Creative Edge Software
LLC.
The iC3D software suite generates photorealistic 3D virtual
mock-ups on the fly, allowing cartons, labels, flexibles, bottles,
shrink sleeves, point of sale displays, and in-store visualisation
to be accurately rendered for design verification and e-commerce
applications. In addition, iC3D offers the industry’s largest
library of modelling templates for digital packaging design and
prototyping as well as an online viewing platform which allows
designers, brands, and print providers to collaborate on new
designs with accurate real-time 3D rendering. Further information
can be found at https://www.creativeedgesoftware.com/ic3d/.
Mike Rottenborn, CEO of Hybrid Software Group, comments, “3D and
additive manufacturing applications are one of our fastest-growing
market segments for printhead drive electronics and software, but
visualisation of packaging designs in 3D was a gap in our
technology portfolio. The acquisition of iC3D strengthens our 3D
offering and closes the loop between the design of high-end labels
and packaging and industrial print manufacturing. We already have
an integration of iC3D in our PACKZ and CLOUDFLOW software with a
substantial installed base of users that have licensed the iC3D
option and we look forward to broader integration of iC3D in our
Digital Front Ends (DFEs) and other software products.”
Trevor Haworth, CEO of Creative Edge says, “We formed Creative
Edge Software in 2013 to develop 3D software that would give
packaging and label designers an all-in-one product to replace the
many partial rendering solutions in use at the time. Since
then, iC3D has become the product of choice for many leading
brands. Almost since the start, HYBRID Software became one of
our largest value-added resellers by combining iC3D’s fast
visualization capabilities with their range of packaging production
software products, and a close relationship between the development
teams was established. Our acquisition by Hybrid Software Group is
the logical step in co-development of some exciting new products
for the packaging market and I look forward to our expansion under
the additional resources provided by such a successful group.”
Consideration for the acquisition is $4.0
million in cash, which has been paid in full.
Watch a video about iC3D here:
https://www.youtube.com/watch?v=6mHerA0zj9w
Note to editorsPhoto caption: From left, Mike
Rottenborn, Trevor Haworth, and Guido Van der Schueren celebrate
the acquisition.
Ends
About Hybrid Software
GroupThrough its operating subsidiaries, Hybrid Software
Group PLC (Euronext: HYSG) is a leading developer of
enterprise software for industrial print manufacturing. Customers
include press manufacturers such as HP, Canon, Durst, Roland,
Hymmen, and hundreds of packaging printers, trade shops, and
converters worldwide.
Hybrid Software Group PLC is headquartered in
Cambridge UK. Its subsidiary companies are colour technology
experts ColorLogic, printing software developers Global Graphics
Software, enterprise software developer HYBRID Software, the
industrial printhead driver solutions specialists, Meteor Inkjet
and pre-press workflow developer Xitron.
Contacts
Jill
Taylor |
Graeme Huttley |
Corporate
Communications Director |
Chief Financial Officer |
Tel: +44 (0)1223 926489 |
Tel: +44 (0)1223 926472 |
Email: jill.taylor@hybridsoftware.group |
Email: graeme.huttley@hybridsoftware.group |
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