Ron Fritz, CEO of Tech Soft 3D, noted, "Since our underlying components are embedded in such a wide spectrum of applications, every dollar we invest on research and development is multiplied across our large customer base, amplifying the impact of that R&D across the entire engineering software industry. Our mission is to help software developers build better software, faster, and our ongoing investment in R&D demonstrates our firm commitment to that mission."
The 40 percent growth was attributed to revenue gains across all product lines, including the company's flagship HOOPS 3D Framework and resold SDK's including Autodesk's RealDWG® Toolkit and Parasolid® Modeling Kernel from Siemens PLM Software. In addition, new revenue was generated from the release of the new HOOPS 3D Exchange component and the addition of the AutoCAD OEM platform to Tech Soft 3D's portfolio.
"As a component provider to a variety of engineering software vendors servicing a wide range of markets, our revenues are often a barometer of the health of the industry as whole," said Fritz. "I think our impressive growth in 2010 is a strong sign that spending on engineering software in all sectors -- from manufacturing and construction to energy and mining -- is again on the rise."
About Tech Soft 3D
Tech Soft 3D provides premier component technologies and related services that enable software developers to rapidly create world-class technical software. The company's flagship HOOPS3D Framework has been incorporated into nearly 300 commercial software applications. Tech Soft 3D also develops HOOPS 3D Exchange and resells premium components such as Autodesk's RealDWG Toolkit and AutoCAD OEM platform, and Parasolid Modeling Kernel from Siemens PLM Software. The company maintains corporate headquarters in Berkeley, California and can be reached through www.techsoft3d.com.
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Tech Soft 3D Media Contact Jackie Aaro Phone: 541-385-6158 Email Contact