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Tech Soft 3D Announces 40 Percent Revenue Growth for FY 2011Revenue Gains Fuel R&D Investment and Expansion of Global Offices (January 19, 2012)
BERKELEY, CA -- (Marketwire) -- 01/19/12 -- Tech Soft 3D, leading provider of component technology to the engineering software industry, today announces 40 percent revenue growth in 2011. These gains have contributed to a 25 percent increase in R&D expenditures, reflecting the company's ongoing commitment to funding excellence and innovation. Tech Soft 3D also invested in a sales and consulting office in Yokohama, Japan, providing the Japanese market closer proximity to its high-value technology and expertise. This marks Tech Soft 3D's 16th consecutive year of profitable growth.
A strengthened and expanded product suite was the key factor driving success in 2011. Tech Soft 3D's flagship HOOPS Visualize graphics engine experienced solid 20% growth, due to an expanding customer base and positive sales growth from existing users. The maturation of the HOOPS Exchange data access toolkit provided key revenues in 2011 and offers ample opportunity for growth in 2012, along with the new PRC-based HOOPS Publish, introduced mid-year. In addition, partner Autodesk fully transitioned all North American AutoCAD OEM business to Tech Soft 3D.
"Our increased SDK and platform portfolio, continual R&D investment and expanded global reach position us as the leading solution for development teams around the globe to build better software, faster," says Tech Soft 3D CEO, Ron Fritz. "Our consistently strong revenue growth is a key indicator that we're delivering on this mission, and a key enabler to fuel even more innovation and continued superior customer service. We look forward to helping even more companies build, ship and maintain successful applications in 2012."
The company rebranded in the fall of 2011 to reflect its leading position as a global component technology provider. To learn about its product offerings, mission and values, visit www.techsoft3d.com.
About Tech Soft 3D
Tech Soft 3D is the leading global provider of premier component technologies and related services that enable software developers to rapidly create world-class technical software. The company develops the HOOPS Product Suite, consisting of HOOPS Visualize, HOOPS Exchange and HOOPS Publish, SDKs for visualization, CAD data import/export and 3D PDF publishing. It also resells premium components such as Autodesk's RealDWG® toolkit and AutoCAD OEM platform and the Parasolid® Modeling Kernel from Siemens PLM Software. Tech Soft 3D software is used in nearly 450 applications worldwide. The company maintains corporate headquarters in Berkeley, California and can be reached through www.techsoft3d.com.
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