Cimatron
Company type | Givat Shmuel , Israel |
---|---|
Area served | Worldwide |
Products | Engineering Software |
Services | Maintenance |
Website | cimatron |
Cimatron is an Israeli
The company was listed on the Nasdaq exchange under the symbol CIMT, until its 2014 acquisition by 3D Systems. Prior to this, the company's major shareholder was DBSI,[2] whose co-managing partner, Yossi Ben-Shalom, chaired the Cimatron board.[3]
Headquartered in Tel Aviv, the company had subsidiaries in the United States, Germany, Italy, China, South Korea, India and Brazil, as well as resellers in over 40 countries. Its main software products, CimatronE and GibbsCAM, continue to be used in over 40,000 installations worldwide.[4] Its clients are largely from the automotive, aerospace, consumer electronics, toys, medical, optics and telecom industries.[5]
One of the company's major clients is China's Haier Mould, a subsidiary of the Haier Group.[6]
History
The company was founded in 1982 as MicroCAD, releasing its first software products Multicadd and Multicam in 1984 for use by small- to medium-sized tool shops. In 1987 the company changed its name to Cimatron.[7]
In 1990, the company launched Cimatron IT, which it claimed was the world's first integrated CAD/CAM software.
In March 1996, Cimatron began trading on the
In July 2005, Cimatron acquired an initial 27.5% interest in Microsystem Srl, its Italian distributor. By July 2008, Cimatron had completed the acquisition of 100% of Microsystem.[8]
In January 2008, Cimatron merged with US CNC machining software company Gibbs and Associates.[9] Former Gibbs head William Gibbs assumed the position of Cimatron President North America and Vice Chairman of Cimatron Ltd. and agreed to remain with the company for at least five years.[2]
In 2010, Cimatron was listed by
In the 4th quarter of 2010, Cimatron reported its highest ever quarterly revenue of $11 million and
In 2011, the company was listed as one of Israel's fastest growing technology companies in the
For 2012 Cimatron reported revenues of $42.3 million, with a record non-GAAP operating profit of $6.1 million.[14]
In February 2013, Cimatron CEO Danny Haran announced that the company had begun researching the
In 2015, 3D Systems completed its acquisition of all shares of Cimatron Ltd. for approximately $97 million.[16]
Products
CimatronE
CimatronE is an integrated CAD/CAM solution for
GibbsCAM
GibbsCAM specializes in 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. It also provides integrated manufacturing modeling, including 2D, 2.5D, 3D wireframe, surface and solid modeling.[18]
References
- ^ "Cimatron Ltd.- Company Profile on BusinessWeek". Investing.businessweek.com. Archived from the original on May 22, 2011. Retrieved 2013-06-24.
- ^ "Cimatron Appoints Yossi Ben Shalom as New Chairman of the Board". Prnewswire.com. Retrieved 2013-06-24.
- ^ "Cimatron Group - CAD/CAM software". Cimatron.com. Archived from the original on 2013-06-07. Retrieved 2013-06-24.
- ^ "Hoovers online". Hoovers.com. Retrieved 2013-06-24.
- ^ Shamah, David (2011-12-19). "Digital World: A most atypical Israeli business | JPost | Israel News". JPost. Retrieved 2013-06-24.
- ^ "Celebrating 30 years of CAD/CAM leadership". Cimatron. 2013-03-12. Archived from the original on 2014-07-12. Retrieved 2013-07-10.
- ^ "United States Securities and Exchange Commission Form 20 - Cimatron Ltd". 2013. Retrieved 2013-07-10.[permanent dead link]
- ^ "Cimatron Ltd. CIMT" (PDF). Morningstar Equity Research. Retrieved 2013-07-10.
- ^ "Press Releases - News & Events - CIMdata - Global Leader in PLM Consulting". CIMdata. 2011-08-03. Retrieved 2013-06-24.
- ^ "Cimatron Reports its Highest-Ever Revenues and Operating Profit in Q4/10" (PDF). Cimatron. Archived from the original (PDF) on 2013-04-25. Retrieved 2013-07-10.
- ^ "Cimatron to Introduce New Motion Simulator Powered by LEDAS LGS 3D". Cimatron. Nov 22, 2010.[permanent dead link]
- ^ "2011 Israel Technology Fast 50 winners". Deloitte. Archived from the original on 2014-04-17. Retrieved 2013-06-24.
- ^ a b "Cimatron Reports Record Q4 and Full Year 2012 Results Across all Operating Parameters". MarketWatch. Retrieved 2013-06-24.
- ^ "Cimatron Establishes 3D Printing Advisory Board". MarketWatch. Retrieved 2013-06-24.
- ^ "3D Systems completes acquisition". Archived from the original on 2017-06-29. Retrieved 2016-03-28.
- ^ "ncsuperbox". ncsuperbox. Archived from the original on 2013-05-28. Retrieved 2013-06-24.
- ^ Developers, Charvik. "Milling Options - GibbsCAM". radcamtechnologies.com. Retrieved 2023-06-19.