Cimatron and GibbsCAM software businesses join SigmaTEK sheet metalworking CADCAM within Battery Ventures

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​Cimatron and GibbsCAM software businesses will now join SigmaTEK sheet metalworking CADCAM software within venture capital firm Battery Ventures, having been acquired from 3D Systems Corporation. The transaction is expected to close during the fourth quarter of 2020, subject to customary closing conditions.

The three software packages will reside within a a new holding company called Cambrio. Headed by Robbie Payne, current SigmaTEK Systems CEO and a veteran tech executive, Cambrio will leverage Cimatron and GibbsCAM to offer a diverse set of design and machining software solutions to “firmly position itself as a CADCAM innovator in the fabrication, toolmaking and production machining industries”.

Current SigmaTEK chairman Richard Smith, previously the CEO of Vero Software, a UK-based CADCAM software maker acquired by Hexagon AB in 2014, will join Cambrio’s board, along with Steve Sivitter, another former Vero executive who is currently the CEO of 1WorldSync, a product-content solutions company whose software helps large brands share product data with retailers, operators and distributors. “We are extremely pleased for the companies to be combining forces - it is a great strategic match,” Smith says. “The teams have a proven track record and we can leverage our extensive domain expertise in manufacturing software to drive product development and benefit our customers like never before.”

Commenting on the acquisition, Payne adds: “We are often serving the same customer profile and trying to solve similar industry issues with innovative software technology. As a combined entity, we will continue to invest in each of the individual products, make our customers more productive, and enlarge our distribution capability. Finally, we are excited about working with the existing Cimatron and GibbsCAM employees and partners, and look forward to further expanding our presence in the global market.”