MILFORD, Ohio, July 1, 2009 (GLOBE NEWSWIRE) -- International TechneGroup Incorporated (ITI) announced today that the ITI TranscenData business has acquired Proficiency, the leader in feature-based CAD data translation software. "Proficiency is a strategic acquisition that extends our interoperability capabilities and strengthens ITI's overall focus of product development productivity," said ITI Chairman and CEO, Mike Lemon.
"This is an exciting milestone for our company," said ITI TranscenData President, Don Hemmelgarn. "We now provide the most comprehensive suite of solutions in the Product Data Interoperability industry. This alignment is not only beneficial for existing ITI and Proficiency clients, but for companies still weighing and planning interoperability solutions. We are now the ideal partner, offering the highest quality CAD model data to manufacturing enterprises and their supply chain."
ITI is a global company helping clients achieve world class product development productivity. ITI TranscenData provides interoperability solutions that enable companies to effectively exchange, reuse, integrate and share engineering product data among diverse software applications. ITI TranscenData solutions are aimed directly at reducing and eliminating non-value-added time and costs associated with reusing product data. ITI TranscenData offers PLM Integration services, PLM and CAD Data Migration solutions and software products such as CADfix(r), CADIQ(r) and DEXcenter(tm).
Proficiency's Collaboration Gateway(tm) technology will continue to be offered through the ITI TranscenData business, providing the automated re-mastering of parametric CAD data from one CAD system into another, including all of the 3D design intelligence, such as features, sketches, parameters and constraints, manufacturing info, metadata and assembly information. Proficiency supports interoperability between: Pro/Engineer, I-deas, UG-NX, Catia V4 and Catia V5. Alex Tsechansky, Vice President of Research and Development for Proficiency, commented, "Over the past 10 years Proficiency has developed product knowledge migration capabilities between all high end CAD platforms. Combining this technology with ITI TranscenData's solutions will be a win-win for both the business and our customers."
The acquisition of Proficiency by ITI TranscenData will offer strength and stability to the existing client bases of both companies. When news of the acquisition was shared with existing ITI TranscenData and Proficiency clients, it was well received. "ITI TranscenData looks forward to working with the Proficiency team to ensure a rapid and seamless transition," said Don Hemmelgarn. "Our combination will create excellent growth opportunities for our customers and employees."
About ITI and ITI TranscenData
International TechneGroup Incorporated (ITI) was founded in 1983 and is headquartered in Milford, OH. ITI TranscenData is the product data interoperability business within ITI. CAD/CAM/CAE/PLM vendors and end users alike utilize ITI TranscenData's products and services for seamless data exchange between dissimilar systems. Customers include ABB, Airbus, BAE Systems, Boeing, Dassault, EADS, Ford, Honeywell, Lego, Lockheed Martin, NASA, MAHLE Powertrain, Pratt & Whitney, Raytheon, Renault, Rockwell Collins, Rolls Royce, Samsung Electronics, Siemens, Snecma, Spirit AeroSystems, Thales, ThyssenKrupp, U.S. Air Force, U.S. Army, Xerox and others.
The International TechneGroup Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6333
About Proficiency
The Proficiency technology was introduced to the global market in 1998. The company's operations included locations in the U.S., Germany, France and Israel. The Research and Development headquarters for Proficiency, now located in Tel Aviv, Israel, continues to be the key resource for development of this industry-leading solution. Global enterprises in the automotive, aerospace, defense and heavy machinery industries, such as Daimler, Ford, Boeing, Goodrich and Honeywell, use Proficiency's technology.
For more information about ITI TranscenData's products and services, visit www.transcendata.com, email: info@transcendata.com, or call 1-888-783-9199 x3858
CADfix and CADIQ are registered trademarks of International TechneGroup Incorporated. TranscenData and DEXcenter are trademarks of International TechneGroup Incorporated. Collaboration Gateway is a trademark of Proficiency, Inc.