Ranked as the Sixth Largest CAD/CAM Vendor by CIMdata.
GIVAT SHMUEL, Israel - Cimatron Limited (Nasdaq: CIMT), a leading provider of integrated CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts, announced that it was identified as the fastest growing CAD/CAM provider in 2008 according to report by prominent market research firm CIMdata.
According to CIMdata's NC Software and Related Services Market Assessment, Cimatron's growth in 2008 was 45.6%, making Cimatron the sixth largest CAD/CAM provider globally.
Cimatron's revenue increased by over 12 Million USD compared with 2007 revenue. CIMdata credited the growth to the merger with Gibbs and Associates, among other factors.
Gibbs and Associates, developers of GibbsCAM software merged into Cimatron in January 2008.
Mr. Alan Christman, Chairman of CIMdata, wrote: "CIMdata believes that the merging of Gibbs with Cimatron is a positive move. The companies are very complementary to one another in product, markets pursued, and distribution channels. It brings together the CimatronE integrated CAD/CAM suite focused on toolmaking with GibbsCAM-which is focused on production machining to provide a more complete product portfolio for the manufacturing industry. Cimatron was a company with about twice Gibbs' current sales volume and very little product or distribution overlap. CIMdata believes that as a combined entity, they are better positioned to increase their presence in the CAD/CAM market with increased resources for product development, sales, and marketing. The combined product offering strengthens Cimatron's market position, with the ability to deliver products targeting all segments of the CAM market, from mold and die making, through 2.5-axis and 5-axis production, to mill-turn and multi-tasking machining (MTM). Moreover, the combined distribution networks of CimatronE and GibbsCAM complement each other and provide excellent coverage of all target markets worldwide, including a strong presence in North America, Europe, and Asia Pacific. "
"We are pleased to be recognized by CIMdata for the rapid growth in 2008 and for the overall stronger market position of Cimatron", said Danny Haran, President and CEO of Cimatron Group. "We took advantage of every opportunity the Gibbs merger afforded us. We now cater to a much broader customer base and our stronger global presence has allowed us to provide better services to our customers worldwide, with CimatronE and GibbsCAM alike."
As well as pointing out Cimatron's growth of the last year, CIMdata analysts confirmed that Cimatron was one of 5 vendors ranked among the top 10 in every geographical region.
CIMdata also praised CimatronE's electrode solution, one of the strongest available on the market, and identified Cimatron as one of the companies most dedicated to customer services and technical support.
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