HUNTSVILLE, Ala., Jan. 6 /PRNewswire/ -- Intergraph®, the world's leading provider of enterprise engineering software to the process, power and marine industries, has acquired COADE® Holdings Inc., provider of CAESAR II®, PV Elite(TM) and TANK(TM) products, the industry's most widely used software for pipe stress, pressure vessel and storage tank analysis, as well as its popular CADWorx® plant design suite.
The strategic acquisition of COADE is Intergraph's largest in the process, power and marine market. Terms of the deal were not disclosed. The acquisition will expand Intergraph's SmartPlant® Enterprise engineering solution suite by bringing together the world leaders in plant design and pipe stress analysis. The expansion of Intergraph's SmartPlant Enterprise design, construction and data management solutions with COADE's analysis offerings creates a powerful software solution that will provide users in the marketplace with unmatched capabilities.
The acquisition of the Houston-based software provider also extends Intergraph's market presence and ability to serve smaller projects with COADE's CADWorx solution, a modular, AutoCAD-based 3D plant design system. Intergraph is ranked as the No. 1 worldwide 3D design and process engineering tools (PET) provider according to the PET Worldwide Outlook Market Analysis and Forecast through 2013 by the ARC Advisory Group.
COADE's customers will benefit from Intergraph's large research, development and global support teams located around the world and specializing in engineering solutions. COADE clients will also receive uninterrupted support, maintenance and software upgrades as part of their maintenance agreement with Intergraph. Existing SmartPlant Enterprise clients will benefit from the expanded functionality offered by COADE's products as Intergraph enhances product integration and migrates the COADE analysis solutions into SmartPlant Enterprise to leverage design and modeling with pipe and vessel analysis. Deeper integration of design and stress analysis solutions will enhance productivity and enable a more seamless flow of engineering information among the software applications.
SmartPlant Enterprise is an integrated software suite that provides full design, construction, materials and engineering data management capabilities needed for the creation, safe operation and maintenance, and capital Project Life Cycle Management (cPLM) of large-scale process, power, marine and offshore projects. Intergraph remains committed to providing the process, power and marine industry with the broadest suite of engineering solutions on the marketplace today to the benefit of both EPCs and owner operators.
"The functional benefits of this acquisition to the engineering community and its ramifications to the industry as a whole cannot be underestimated," said Sid Snitkin, Ph.D., an industry analyst and vice president for ARC Advisory Group. "Both through new functionality developed internally as well as through acquisition, Intergraph continues to enhance the SmartPlant Enterprise solution to address the critical engineering needs across the engineering project life cycle."
"The COADE acquisition advances our mission to provide best-in-class engineering solutions to our customers and target markets around the world," said R. Halsey Wise, Intergraph chairman, president and CEO. "This acquisition, the second in as many months, illustrates our continued commitment to invest in our product portfolio, our customers and in the future growth of Intergraph."
Reid French, Intergraph chief operating officer, said, "The combination of COADE's analysis software with our SmartPlant and SmartMarine® Enterprise engineering suites further solidifies Intergraph's industry leadership. This acquisition brings together complementary design and stress analysis technologies that will allow us to deliver even greater value and productivity for our users worldwide."
"We believe the combination of COADE and Intergraph will bring a new level of functionality and support for our customers worldwide," said Thomas Van Laan, COADE president and CEO. "With Intergraph, we are confident of continuing the development of our product suites and the commitment to service that our customers have come to expect."
For more information about the COADE acquisition, please visit www.intergraph.com/ppm/coade.aspx.
COADE, Inc. is a provider of software for multiple plant design and engineering disciplines. COADE's aims are that design and engineering should share relevant information seamlessly, thereby maintaining accuracy and improving efficiency. COADE's product line conforms to those goals and includes: CAESAR II, the world's most widely used pipe stress analysis software; PV Elite for pressure vessel and heat exchanger design and analysis; CADWorx Plant Design Suite for intelligent plant design modeling, process schematics and automatic production of plant design deliverables; and TANK for the design and analysis of oil storage tanks. For more information, visit www.coade.com.
Intergraph is the leading global provider of engineering and geospatial software that enables customers to visualize complex data. Businesses and governments in more than 60 countries rely on Intergraph's industry-specific software to organize vast amounts of data into understandable visual representations and actionable intelligence. Intergraph's software and services empower customers to build and operate more efficient plants and ships, create intelligent maps, and protect critical infrastructure and millions of people around the world.
Intergraph operates through two divisions: Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I). Intergraph PP&M provides enterprise engineering software for the design, construction and operation of plants, ships and offshore facilities. Intergraph SG&I provides geospatially-powered solutions to the defense and intelligence, public safety and security, government, transportation, photogrammetry, utilities, and communications industries. For more information, visit www.intergraph.com.
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