Tech Soft 3D Announces 40 Percent Revenue Growth for FY 2010

BERKELEY, CA -- (MARKET WIRE) -- Feb 04, 2011 -- Tech Soft 3D, the leading provider of component technology to the engineering software industry, today announced its 2010 revenue grew by a record 40 percent, allowing for an aggressive 60 percent increase in R&D resources. This R&D investment will help further extend the technical leadership of the company's HOOPS® family of component technologies, providing maximum value for the 300-plus development teams that rely on Tech Soft 3D components. Additional investments in Consulting Engineering will also assist customers with rapid implementation of Tech Soft 3D's various OEM technologies. This marks the 14th consecutive year of profitable growth for the company.

Ron Fritz, CEO of Tech Soft 3D, noted, "Since our underlying components are embedded in such a wide spectrum of applications, every dollar we invest on research and development is multiplied across our large customer base, amplifying the impact of that R&D across the entire engineering software industry. Our mission is to help software developers build better software, faster, and our ongoing investment in R&D demonstrates our firm commitment to that mission."

The 40 percent growth was attributed to revenue gains across all product lines, including the company's flagship HOOPS 3D Framework™ and resold SDK's including Autodesk's RealDWG® Toolkit and Parasolid® Modeling Kernel from Siemens PLM Software. In addition, new revenue was generated from the release of the new HOOPS 3D Exchange™ component and the addition of the AutoCAD OEM platform to Tech Soft 3D's portfolio.

"As a component provider to a variety of engineering software vendors servicing a wide range of markets, our revenues are often a barometer of the health of the industry as whole," said Fritz. "I think our impressive growth in 2010 is a strong sign that spending on engineering software in all sectors -- from manufacturing and construction to energy and mining -- is again on the rise."

About Tech Soft 3D

Tech Soft 3D provides premier component technologies and related services that enable software developers to rapidly create world-class technical software. The company's flagship HOOPS3D Framework has been incorporated into nearly 300 commercial software applications. Tech Soft 3D also develops HOOPS 3D Exchange and resells premium components such as Autodesk's RealDWG Toolkit and AutoCAD OEM platform, and Parasolid Modeling Kernel from Siemens PLM Software. The company maintains corporate headquarters in Berkeley, California and can be reached through www.techsoft3d.com.

All brand and product names are trademarks or registered trademarks of their respective owners.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Tech Soft 3D Media Contact
Jackie Aaro
Phone: 541-385-6158

Email Contact 


Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Upcoming Events
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
BI2025 - 13th Annual Building Innovation Conference at Ritz-Carlton Tysons Corner McLean VA - May 19 - 21, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise