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Neisoft announces global OEM tie-ups

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DQW Bureau
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Strengthening its product strategy, Pune based provider

of engineering services and solutions, Neilsoft has entered into global

distribution tie-ups for its products with engineering software companies ESI

Group and Tribon Solutions. Neilsoft focuses on the CAD/CAM/CAE area and has

targeted providing engineering services and solutions to international

customers. “This has been a huge learning curve for us. The focus on

engineering helped us come up with the product strategy where we will be

creating products and engineering services for our customers,” said Ketan

Bakshi, MD, Neilsoft, while addressing a press conference.

Neilsoft earlier invested in some Internet ventures

without success and was also a reseller for Autodesk. Commenting on the two

tie-ups, Bakshi said that the company had developed the Outfit Steel Module —

a new modeling for the Tribon M2 Shipbuilding system. Tribon Solutions and

Neilsoft have signed a developer co-operation agreement wherein Neilsoft will

support Tribon users worldwide in customization of existing Tribon applications

and by developing new tools using the Tribon M2 developer’s Toolkit. This

module developed by Neilsoft will be marketed and sold by Tribon Solutions

worldwide.

Tribon Solutions is a $ 45 million Swedish company that

develops, markets and support software solutions to increase overall efficiency

in the maritime industry, especially the engineering simulations space. Neilsoft

has also tied up with France based ESI Group — for the OEM distribution of `DiEdifice’

product globally As per the agreement, Neilsoft will integrate DiEdifice as a

front-end to ESI’s Geomesh software environment. ESI group will market and

sell this software along with its ProCAST simulation software. This integration

will help ESI customers automate the gating system design and increase the yield

by reducing the number of design iterations.

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`DiEdifice’ has built-in calculations, design rules

and ability to automatically generate 3D geometry of the gating system.’

“This agreement will give us access to customers of ESI, which include

automotive tier 1 suppliers and tool rooms,” said Bakshi. According to him,

the addressable market size for CAD/CAM/CAE/PLM and engineering products and

services, for Indian companies is approximately $ 2 billion.

“Over the next five years, Neilsoft will be pursuing a

$ 200 million market size from the $ 2 billion size given above,” he said.

Bakshi added that the company plans to go in for a second round of funding of

approximately $ 2-$ 3 million “We are also looking at mergers or acquisitions

of small engineering product and services companies to accelerate growth,” he

said.

Neilsoft is a venture capital backed company with

investments from GVFL and SICOM. The company is working on developing two more

products for the engineering segment. For the present, the German localized

version of DiEdifice is ready and plans are afoot to develop the Japanese

version of the software soon.

Cyber News Service

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