- Extends Leadership With Powerful Scan-To-CAD and Inspection Solutions
- Expands Channel Reach Globally with Strategic Korean Foothold
ROCK HILL, S.C., Oct. 9, 2012 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that it acquired Rapidform, a leading global provider of 3D scan-to-CAD and inspection software tools, located in Seoul, South Korea for $35 million in cash, subject to final closing adjustments.
Rapidform's reverse engineering and inspection software empower product developers to deliver improved product quality and shorter time-to-market. By combining scan data processing, mesh optimization, auto surfacing and CAD modeling in a single, integrated tool, Rapidform has unlocked the power of 3D digitization for engineers and manufacturing professionals worldwide.
3D Systems expects Rapidform to contribute $15 million of revenue and deliver between $0.06 and $0.09 in earnings per share to its 2013 non-GAAP results."This is a game-changer for our customers and shareholders, and is well-aligned with our strategic plan," said Abe Reichental, President and CEO of 3D Systems. "We are thrilled to welcome Calvin Hur and his team to our company and we expect that the integration of the Rapidform proprietary products with 3D Systems' extensive portfolio will result in accelerated growth within the rapidly expanding 3D content-to-print space." "I am very pleased and honored to become part of 3D Systems, a world class leader and innovator," said Calvin Hur, CEO of Rapidform. "Joining 3D Systems provides us with the scale, resources and strategic platform to realize our vision of democratizing the scan-to-CAD workflow for the benefit of designers and engineers." With the addition of Rapidform, 3D Systems has secured a cornerstone of its fifth growth initiative: to create a seamless, digital scan, design and print platform for the benefit of its customers. This important growth initiative is consistent with the company's overall drive to democratize and deliver integrated 3D content-to-print solutions. Rapidform broadens 3D Systems' range of capabilities with complementary products and technology, and extends its coverage and breadth globally with a significant foothold in South Korea and Japan.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV