Cimatron

Last updated
Cimatron
Company type Private
Nasdaq: CIMT
Industry Computer-aided design, Computer-aided manufacturing
Founded1982;42 years ago (1982)
Headquarters
Givat Shmuel
,
Israel
Area served
Worldwide
Products Engineering Software
ServicesMaintenance
Website cimatron.com

Cimatron is an Israeli software company that produces CAD/CAM software for manufacturing, toolmaking and CNC programming applications. [1]

Contents

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 Nasdaq under the symbol CIMT. In 1999 Cimatron launched its product for Windows, CimatronE. In March 2011, Cimatron began trading on the Tel-Aviv Stock Exchange, becoming a dual-listed company. However, in 2013 its board of directors voted to delist from the TASE.

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 PLM consulting firm CIMdata as one of the leading suppliers of CAM software based on CAM software and services direct revenue received. CIMdata also predicted that Cimatron would be one of the five most rapidly growing CAM software companies in 2011. [10]

In the 4th quarter of 2010, Cimatron reported its highest ever quarterly revenue of $11 million and operating profit of $1.7 million. [11] Also Cimatron and LEDAS (LGS 3D owner those days) have collaborated on Motion Simulation application dedicated to mold, tool and die maker design, that is able to work with standard CAD shapes, i.e. canonics and NURBS. Collision detection was based on functions of ACIS kernel, while motion itself was performed by LGS 3D as a sequence of constraint satisfaction problems. As a result of collaboration, Cimatron licensed LGS 3D, and Motion Simulation application was developed and integrated into CimatronE CAM system. [12]

In 2011, the company was listed as one of Israel's fastest growing technology companies in the Deloitte Fast 50 Awards' list. [13]

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 additive manufacturing field. [14] In March of that year Cimatron established a 3D Printing Advisory board, naming 3D printing expert Terry Wohlers as its first member. [15]

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 mold, die and tool makers and manufacturers of discrete parts, providing associativity across the manufacturing process from quoting, through design and delivery. The solution's products include mold design, electrode design, die design, 2.5 to 5-axis numerical control (NC) programming and 5-axis discrete part production. In 2010, the CimatronE SuperBox was launched, a combined hardware-software device for the offloading and acceleration of toolpath calculations in NC programming. [17]

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]

Related Research Articles

<span class="mw-page-title-main">Computer-aided design</span> Constructing a product by means of computer

Computer-aided design (CAD) is the use of computers to aid in the creation, modification, analysis, or optimization of a design. This software is used to increase the productivity of the designer, improve the quality of design, improve communications through documentation, and to create a database for manufacturing. Designs made through CAD software help protect products and inventions when used in patent applications. CAD output is often in the form of electronic files for print, machining, or other manufacturing operations. The terms computer-aided drafting (CAD) and computer-aided design and drafting (CADD) are also used.

<span class="mw-page-title-main">CATIA</span> CAD/CAM/CAE commercial software suite

CATIA is a multi-platform software suite for computer-aided design (CAD), computer-aided manufacturing (CAM), computer-aided engineering (CAE), 3D modeling and product lifecycle management (PLM), developed by the French company Dassault Systèmes.

<span class="mw-page-title-main">Dassault Systèmes</span> French software company

Dassault Systèmes SE is a French multinational software corporation which develops software for 3D product design, simulation, manufacturing and other 3D related products.

<span class="mw-page-title-main">Computer-aided manufacturing</span> Use of software to control industrial processes

Computer-aided manufacturing (CAM) also known as computer-aided modeling or computer-aided machining is the use of software to control machine tools in the manufacturing of work pieces. This is not the only definition for CAM, but it is the most common. It may also refer to the use of a computer to assist in all operations of a manufacturing plant, including planning, management, transportation and storage. Its primary purpose is to create a faster production process and components and tooling with more precise dimensions and material consistency, which in some cases, uses only the required amount of raw material, while simultaneously reducing energy consumption. CAM is now a system used in schools and lower educational purposes. CAM is a subsequent computer-aided process after computer-aided design (CAD) and sometimes computer-aided engineering (CAE), as the model generated in CAD and verified in CAE can be input into CAM software, which then controls the machine tool. CAM is used in many schools alongside CAD to create objects.

Autodesk, Inc. is an American multinational software corporation that provides software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. Autodesk is headquartered in San Francisco, California, and has offices worldwide. Its U.S. offices are located in the states of California, Oregon, Colorado, Texas, Michigan, New Hampshire and Massachusetts. Its Canada offices are located in the provinces of Ontario, Quebec, and Alberta.

<span class="mw-page-title-main">Creo Parametric</span> CAD software

Creo Parametric, formerly known, together with Creo Elements/Pro, as Pro/Engineer and Wildfire, is a solid modeling or CAD, CAM, CAE, and associative 3D modeling application, running on Microsoft Windows.

<span class="mw-page-title-main">PTC (software company)</span> U.S.-based computer software company

PTC Inc. is a computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

Zuken Inc. is a Japanese multinational corporation, specializing in software and consulting services for end-to-end electrical and electronic engineering. Zuken came into existence as a pioneer in the development of CAD systems in Japan to contribute to electronics manufacturing. The literal translation of Zuken is "graphics laboratory." Established in 1976 in Yokohama, Japan, it is listed on the Tokyo Stock Exchange; net sales amounted to US$216 million for the year 2011.

Delcam is a supplier of advanced CAD/CAM software for the manufacturing industry. The company has grown steadily since being founded formally in 1977, after initial development work at Cambridge University, UK. It is now a global developer of product design and manufacturing software, with subsidiaries and joint ventures in North America, South America, Europe and Asia with a total staff of over 800 people and local support provided from over 300 re-seller offices worldwide. It was listed on the London Stock Exchange until 6 February 2014, when it was acquired by Autodesk. It now operates as a wholly owned, independently operated subsidiary of Autodesk.

<span class="mw-page-title-main">Vero Software</span> CAD CAM company

Vero Software is a company based in Cheltenham, England, that specialises in CAD CAM.

<span class="mw-page-title-main">WorkPLAN</span>

WorkPLAN is a range of Enterprise Resource Planning (ERP) software products developed by Sescoi for custom manufacturers or departments who work project-based and need specialized ERP software for project management.

<span class="mw-page-title-main">WorkNC</span>

WorkNC is a computer-aided manufacturing (CAM) software developed by Sescoi for multi-axis machining.

<span class="mw-page-title-main">Siemens NX</span> Computer-aided design software

NX, formerly known as "Unigraphics", is an advanced high-end CAD/CAM/CAE, which has been owned since 2007 by Siemens Digital Industries Software. In 2000, Unigraphics purchased SDRC I-DEAS and began an effort to integrate aspects of both software packages into a single product which became Unigraphics NX or NX.

<span class="mw-page-title-main">UGS Corp.</span> American computer software company

UGS was a computer software company headquartered in Plano, Texas, specializing in 3D & 2D Product Lifecycle Management (PLM) software. Its operations were amalgamated into the Siemens Digital Industries Software business unit of Siemens Industry Automation division, when Siemens completed the US$3.5 billion acquisition of UGS on May 7, 2007.

<span class="mw-page-title-main">DesignTech Systems</span> Indian engineering company

DesignTech Systems is a CAD/CAM/CAE, PLM and engineering services company in India.

Siemens Digital Industries Software is an American computer software company specializing in 3D & 2D Product Lifecycle Management (PLM) software. The company is a business unit of Siemens, operates under the legal name of Siemens Industry Software Inc, and is headquartered in Plano, Texas.

ICEM Surf is a computer-aided industrial design software used for creating 3D digital surfaces for automotive design and industrial design. This software is used to create class A surfaces using the Bézier surface modeling method. ICEMSurf was later purchased by Dassault Systemes. Its similar rival is Autodesk Alias.

Geometric constraint solving is constraint satisfaction in a computational geometry setting, which has primary applications in computer aided design. A problem to be solved consists of a given set of geometric elements and a description of geometric constraints between the elements, which could be non-parametric or parametric. The goal is to find the positions of geometric elements in 2D or 3D space that satisfy the given constraints, which is done by dedicated software components called geometric constraint solvers.

References

  1. ↑ "Cimatron Ltd.- Company Profile on BusinessWeek". Investing.businessweek.com. Archived from the original on May 22, 2011. Retrieved 2013-06-24.
  2. 1 2 "Cimatron, rising player in software for manufacturing". Israelnewsletter.com. 2008-02-21. Archived from the original on 2012-04-25. Retrieved 2013-06-24.
  3. ↑ "Cimatron Appoints Yossi Ben Shalom as New Chairman of the Board". Prnewswire.com. Retrieved 2013-06-24.
  4. ↑ "Cimatron Group - CAD/CAM software". Cimatron.com. Archived from the original on 2013-06-07. Retrieved 2013-06-24.
  5. ↑ "Hoovers online". Hoovers.com. Retrieved 2013-06-24.
  6. ↑ Shamah, David (2011-12-19). "Digital World: A most atypical Israeli business | JPost | Israel News". JPost. Retrieved 2013-06-24.
  7. ↑ "Celebrating 30 years of CAD/CAM leadership". Cimatron. 2013-03-12. Archived from the original on 2014-07-12. Retrieved 2013-07-10.
  8. ↑ "United States Securities and Exchange Commission Form 20 - Cimatron Ltd". 2013. Retrieved 2013-07-10.[ permanent dead link ]
  9. ↑ "Cimatron Ltd. CIMT" (PDF). Morningstar Equity Research. Retrieved 2013-07-10.
  10. ↑ "Press Releases - News & Events - CIMdata - Global Leader in PLM Consulting". CIMdata. 2011-08-03. Retrieved 2013-06-24.
  11. ↑ "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.
  12. ↑ "Cimatron to Introduce New Motion Simulator Powered by LEDAS LGS 3D". Cimatron. Nov 22, 2010.[ permanent dead link ]
  13. ↑ "2011 Israel Technology Fast 50 winners". Deloitte. Archived from the original on 2014-04-17. Retrieved 2013-06-24.
  14. 1 2 "Cimatron Reports Record Q4 and Full Year 2012 Results Across all Operating Parameters". MarketWatch. Retrieved 2013-06-24.
  15. ↑ "Cimatron Establishes 3D Printing Advisory Board". MarketWatch. Retrieved 2013-06-24.
  16. ↑ "3D Systems completes acquisition". Archived from the original on 2017-06-29. Retrieved 2016-03-28.
  17. ↑ "ncsuperbox". ncsuperbox. Archived from the original on 2013-05-28. Retrieved 2013-06-24.
  18. ↑ Developers, Charvik. "Milling Options - GibbsCAM". radcamtechnologies.com. Retrieved 2023-06-19.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.