Intergraph Acquires COADE

January 8, 2010 at 10:54 am Leave a comment

Intergraph, provider of enterprise engineering software to the process, power and marine industries, has acquired COADE Holdings Inc., provider of CAESAR II®, PV EliteTM and TANKTM software for pipe stress, pressure vessel and storage tank analysis, as well as its popular CADWorx® plant design suite. Terms of the deal were not disclosed.

            The acquisition will expand Intergraph’s SmartPlant® Enterprise engineering solution suite by bringing together leading solutions for plant design and pipe stress analysis. The expansion of Intergraph’s SmartPlant Enterprise design, construction and data management solutions with COADE’s analysis offerings creates a powerful software solution that will provide users in the marketplace with unmatched capabilities.

            Intergraph’s acquisition of Houston-based COADE also extends Intergraph’s market presence and ability to serve smaller projects with COADE’s CADWorx solution, a modular, AutoCAD-based 3D plant design system. Intergraph is ranked as the No. 1 worldwide 3D design and process engineering tools (PET) provider, according to the PET Worldwide Outlook Market Analysis and Forecast through 2013 by the ARC Advisory Group.

            COADE’s customers will benefit from Intergraph’s large research, development and global support teams located around the world. COADE clients will also receive uninterrupted support, maintenance and software upgrades as part of their maintenance agreement with Intergraph. Existing SmartPlant Enterprise clients will benefit from the expanded functionality offered by COADE’s products as Intergraph enhances product integration and migrates the COADE analysis solutions into SmartPlant Enterprise to leverage design and modeling with pipe and vessel analysis. Deeper integration of design and stress analysis solutions will enhance productivity and enable a more seamless flow of engineering information among the software applications. SmartPlant Enterprise is an integrated software suite that provides full design, construction, materials and engineering data management capabilities needed for the creation, safe operation and maintenance, and capital Project Life Cycle Management (cPLM) of large-scale process, power, marine and offshore projects.

            “The functional benefits of this acquisition to the engineering community and its ramifications to the industry as a whole cannot be underestimated,” said Sid Snitkin, PhD, an industry analyst and VP for ARC Advisory Group. “Both through new functionality developed internally as well as through acquisition, Intergraph continues to enhance the SmartPlant Enterprise solution to address the critical engineering needs across the engineering project life cycle.”

            “The COADE acquisition advances our mission to provide best-in-class engineering solutions to our customers and target markets around the world,” said R. Halsey Wise, Intergraph chairman, president and CEO. “This acquisition, the second in as many months, illustrates our continued commitment to invest in our product portfolio, our customers and in the future growth of Intergraph.”

            “We believe the combination of COADE and Intergraph will bring a new level of functionality and support for our customers worldwide,” said Thomas Van Laan, COADE president and CEO. “With Intergraph, we are confident of continuing the development of our product suites and the commitment to service that our customers have come to expect.”

www.intergraph.com/ppm/coade.aspx

www.coade.com

www.intergraph.com

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