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Cambridge directors sell company to Germans | Cambridge directors sell company to Germans |
| Written by Business Weekly | |
| Friday, 20 May 2005 | |
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The directors of Cambridge based graphical user interface software company Quintic Ltd has sold the company to Dusseldorf based CAD Schroer.
The directors of Cambridge based graphical user interface software company Quintic Ltd has sold the company to Dusseldorf based CAD Schroer. Quintic has a long-standing relationship with CAD Schroer having been instrumental in developing its MEDUSA and STENO/PRO CAD SYSTEMS, and is trading as a division of the new parent. Founded in 1995 by key members of computervision’s research and development team, who had many years of experience designing and developing the MEDUSA CAD SYSTEM, Quintic conducts technical software development and consultancy. The company formed a strong development partnership with MEDUSA’S then-owners Computervision and this relationship continued when Computervision and the MEDUSA product range were acquired by Parametric Technology Corporation (PTC) in 1998. Quintic was instrumental in the development of the new 2D Drafting System for Pro/ENGINEER USERS: STHENO/PRO. Then in 2002, the MEDUSA and STHENO/PRO products were acquired by CAD Schroer, PTC’s primary and most successful MEDUSA reseller in Europe. Other Quintic clients include Lloyds of London, for whom is has developed shipping applications, and other global software houses, resellers engineering and manufacturing companies. Existing directors Bill Wilkins, Matt Jeudenfreund and Max Williams have all stayed on to take over management of CAD Schroer UK. Lake Falconer and Tony Stairs of PEM Corporate Finance in Cambridge advised the directors on the sale. |
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