GRAPHISOFT ACQUIRES DRAWBASE SOFTWARE
Drawbase's CAFM Expertise Will Deliver ArchiFM to US Market
San Francisco, CA/Budapest, Hungary - April 3, 2000 - Graphisoft announced today that it has acquired Drawbase Software, a computer-aided facilities management (CAFM) software and services provider, for a purchase price of close to $2 million. Drawbase, based in Newton, Mass., will operate as a wholly-owned subsidiary of Graphisoft U.S. Inc.
Drawbase's CAFM solutions, employed internationally in the healthcare, financial, real estate, architectural, educational, communications and government sectors, will be complemented by Graphisoft's ArchiFM™ 2000. Based on ARCHICAD® and the Virtual Building™ concept, Graphisoft's new facilities management tool is currently available in Europe and is scheduled for release in the United States later this year.
"As we continue to develop Virtual Building technologies that link all aspects of a building's lifecycle, CAFM is a priority," says Graphisoft U.S. Inc. President Tamás Hajas. "With Graphisoft's ARCHICAD technology at the core, we'll speed the migration of CAFM from 2D to 3D and to object and Web-based solutions."
"With the proliferation of project websites, we expect the number of architects who offer facilities management services to grow both as a result of the Internet's influence and in response to customer demand. With an ARCHICAD-based FM solution, we'll be ideally positioned to serve a much larger architectural CAFM market. At the same time, we'll be able to provide our customers and prospects with a wider range of solutions," states Drawbase President Al Moulton.
The purchase price includes performance-dependent components, the attainment of which cannot be guaranteed by either party.
About Drawbase Software (www.drawbase.com)
Drawbase is a leading supplier of CAD and CAFM software tools. With more than 18,000 licenses worldwide, companies of all sizes from Fortune 500 corporations to small businesses employ Drawbase. Drawbase offers powerful, integrated layout and design tools, complete reporting and database record keeping, enabling the utilization of existing CAD database information. The Drawbase solution for gathering, analyzing, and disseminating information has significantly improved business performance for a host of corporations and institutions worldwide - World Bank, Nortel Networks, Inc., BankBoston, Raytheon, General Dynamics Government Systems and Cabot Corporation.
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.