Cranes Software to Merge Subsidiary EMRC India with Itself; To Reorganize and Restructure NISA Business in India to Derive Optimal Benefits.BANGALORE, India -- Cranes Software Cranes Software International Limited is a global scientific & engineering products and solutions provider. The Company's business interests straddle products, services, R&D in future technologies, training and high-end consultancy for engineers and scientist worldwide. International Ltd., a global scientific and engineering software solutions provider, has decided to merge the operations of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Engineering Mechanics Research India Limited (EMRC EMRC Electronic Media Rating Council EMRC Emergency Medical Resource Center (fire/rescue) EMRC Engineered Maintenance Requirements Catalog EMRC Electromagnetic Research Consultants, Inc. India), with itself from April 1, 2006. EMRC, the developer of NISA Nisa, rivers: see Neisse, rivers of Poland. suite of products and a pioneer in the field of Computer Aided Engineering (application) Computer Aided Engineering - (CAE) Use of computers to help with all phases of engineering design work. Like computer aided design, but also involving the conceptual and analytical design steps. (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ), was previously acquired by Cranes in May 2005 for US$ 1.5 million. The acquisition process has now been completed. Announcing the merger, Asif Khader, Managing Director, Cranes Software International said, "Following the merger, Cranes will be in a position to expand NISA's traditional client relationships in India, offer a new CAE R&D services practice globally to our customers.. We will also be able to take advantage of the Cranes' brand equity to attract high quality talent." Post-acquisition initiatives Following the acquisition, Cranes has leveraged EMRC's domain experience and its team of 40 people comprising scientists, technology architects and software engineers to enhance visibility in the targeted market segment. This has resulted in significant expansion of revenues from India-centric business in this space, and is expected to create global upsides upsides Adverb Informal, chiefly Brit (foll. by with)equal or level with, as through revenge in the going forward period as per plan. Cranes has also continued to invest in further development of the core NISA product since the acquisition. It has also launched CAE R&D services which offers complex solutions in the computer aided engineering (CAE) space within automotive, aerospace, energy & power, civil, electronics and sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport industries. The practice now has a team of consultant engineers with the experience of more than 100 real life projects. About Cranes Software International Limited Cranes Software is a global scientific & engineering products and solutions provider. The Company's business interests straddle In the stock and commodity markets, a strategy in options contracts consisting of an equal number of put options and call options on the same underlying share, index, or commodity future. products, services, RD in future technologies, training and high-end consultancy for engineers and scientist worldwide. Focused on the scientific and engineering community, Cranes Software has addressed the needs of a variety of customer groups ranging from large multinational companies to government, defence, educational and research institutions for over a decade. Today, Cranes Software has its presence in 33 countries across the world and has a user base of more than 360,000. Cranes Software also offers world-renowned solutions from reputed principals such as The Mathworks, Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) through product alliances. With a mission statement to provide its customers the best in scientific technology and to enable its customers to define new limits, Cranes Software is setting new standards in the scientific and engineering field. For further information on the company, please visit www.cranessoftware.com About Engineering Mechanics Research Corporation Engineering Mechanics Research Corporation (EMRC) was founded in 1973 as a consulting firm involved in the solution of structural design problems as well as the development of design analysis software. It soon became a leader in the field of computer-aided engineering. Over three decades later, EMRC continues to provide innovative finite element programs and engineering services. Today, EMRC is an international center for engineering and computer technology in Troy, Michigan, USA; its subsidiary Company in India was sold some months ago to Cranes. The diligent efforts of EMRC's scientific, engineering, and analytical specialists have produced one of the most powerful families of computer aided engineering programs for finite element modeling and analysis. Certain statements in this release concerning our growth prospects are forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, including government actions; local political or economic developments; technological risks; risks inherent in the Company's growth strategy; dependence on certain clients; dependence on availability of technical consultants and other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. The Company undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. |
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