Financial Daily from THE HINDU group of publications
Monday, Jan 16, 2006
Financial Daily from THE HINDU group of publications Monday, Jan 16, 2006 |
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Info-Tech
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Software Geometric to leverage Teksoft for wider market penetration R. Savitha
Pune , Jan 15 TEKSOFT, which was acquired by Geometric Software Solutions Co Ltd (GSSL), would now be handling latter's desktop software products. It would also act as the distributor for GSSL software products and be the marketing arm for Geometric technologies. It may be recalled that GSSL had acquired TekSoft and Cimtronics from the US-based OnCourse Technologies Inc (OCTH) in January 2005. Mr Manu Parpia, Managing Director, GSSL, told Business Line, that TekSoft, which was already handling the eDrawings product of GSSL, would now handle the sales and marketing of feature recognition as also Geomcalliper product. "It would act as an extended arm of GSSL and take our products to the market through its 140 resellers across the globe." "With this initiative, Geometric will enable both companies to capitalise on synergies of a common business model, while strengthening support for our customers worldwide across the entire portfolio of Geometric's Desktop software products." He noted that TekSoft would continue to develop and market its own product CAMWorks. Mr Parpia said GSSL has had a business relationship with Teksoft for 10 years i.e. prior to the acquisition and is Teksoft's CAM Works development partner. Teksoft has its own CAM Works development team in the US and leverages the offshore programming capability of GSSL, which acts as an extension of TekSoft's research and development team. "We have started dialogues with many companies and are still in the initial stages. The companies are both in the domestic and the US market," he added.
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