Graphisoft Group Steps Up Strategic Investment Activity - www.cetec.de
Company acquires shares of building automation software manufacturer CETEC Vision AG - significant turnover growth is expected
Frankfurt/Budapest, December 16, 1999.
Following the purchase of the Bauplan Division of Wiechers & Partner in January 1999 and the takeover of the international HVAC-software company Cymap, Graphisoft announced a minority participation in CETEC Vision AG. From these investments, Graphisoft expects an additional sales increase of approximately 2 million Euros in 2000.
Through its participation in CETEC, Graphisoft has gained access to a dedicated distribution channel for Graphisoft's facility management solution, ArchiFM. Additional important acquisitions are planned for 2000 that will advance Graphisoft's Virtual Building™ concept.
Since 1990, the core competence of CETEC has been the operation, visualization, documentation and automation of the process flows in integrated building control systems. Its flagship product, Prisma, links all technical systems of a building, including fire, burglary, danger and admission control; intercom alarms; video surveillance systems; and building automation. With more than 50 employees, CETEC's client list boasts such reputable firms as BMW, Allianz and SAP.
"In addition to heating, ventilation and air conditioning, the Virtual Building model will now encompass electric control systems," says Gábor Bojár, president and CEO of Graphisoft. "CETEC's products fit optimally with Graphisoft's solutions for the building industry and contribute to our new facility management program, ArchiFM."
"Graphisoft's participation in CETEC as well as our distribution, marketing and R&D agreements create a promising growth potential," adds Peter Waneck, president and CEO of CETEC. "We expect to gain further market share by mutually benefiting from each other's technology."
In October of this year, Graphisoft launched ArchiFM, in cooperation with PricewaterhouseCoopers. With the planned integration of Cymap's HVAC technology and CETEC's building control systems, Graphisoft offers tools for the complete life of a building: starting with the design process in ARCHICAD to building maintenance with ArchiFM. The products of third party manufacturers can also be merged via CETEC's technology into the Virtual Building model.
"In addition to our aggressive revenue plans, the strategic alliance with and the share participation in CETEC, along with the acquisition of CYMAP, can result in significant new growth and to the strengthening of our market position worldwide and particularly in Germany," explains Johannes Reischboeck, managing director of Graphisoft Germany and member of the board of Graphisoft N.V.
Since 1990, CETEC Vision AG has been developing integration software for building automation. More than 150 bi-directional interfaces for systems of various manufacturers in the security, communications and building services business, as well as 25 functional modules are presently available. CETEC is represented through its subsidiaries in Germany, Austria, Switzerland, Luxembourg and the Netherlands and through more than 60 distribution partners in Europe.
Graphisoft is a leading provider of computer-aided design (CAD) software solutions for the architectural profession and the building industry. Founded in 1982, Graphisoft is ranked today among the largest AEC CAD software developers in the world, with 12 offices all over the world in addition to its headquarters. Graphisoft's flagship product, ARCHICAD, is used by more than 75,000 architects worldwide and distributed in 25 languages and 80 countries. Shares of Graphisoft are traded on the Frankfurt Stock Exchange Neuer Markt under the symbol GPH. More information about Graphisoft is available at www.graphisoft.com.