German software company Graebert is entering the Indian market for computer aided design (CAD). According to a press statement, the company has established a wholly-owned subsidiary, Graebert India Software (Noida), to market the ‘ARES’ software. According to a 2011 report from research firm Technavio, the CAD software market in India is expected to grow at a compounded annual growth rate of 26 per cent till 2014. Graebert is keen to collaborate with Indian software companies and channel partners to introduce cost-effective products for CAD users in India, said Mr Wilfred Graebert, the company’s Chief Executive Officer.
The company has an installed base of over four million users in 180 countries, the statement said.