International TechneGroup (ITI) acquires MechWorks s.r.l.

MILFORD, Ohio, Feb. 20, 2018 /PRNewswire/ -- International TechneGroup (ITI) announced today that it has acquired MechWorks s.r.l., a product data management vendor based in Bologna, Italy. Founded in 1998, by Ciro Ettorre and Gaetano Tavano, MechWorks focuses on two distinct lines of business:

- MechWorks PDM, a CAD/PDM design data management solution, supporting Autodesk AutoCAD® and Inventor®, Dassault Systèmes SOLIDWORKS®, and Siemens PLM Solid Edge® integrations.

- Siemens PLM Teamcenter® CAD integrations; Autodesk AutoCAD and Inventor.

"The MechWorks acquisition is a natural extension for ITI's portfolio of product data interoperability solutions and confirms our commitment to revenue growth," stated Tom Gregory, CEO of ITI. "ITI is a long-established Siemens PLM development partner. We currently develop the Teamcenter integrations for SOLIDWORKS and Creo®. With the acquisition of MechWorks we not only add Teamcenter integrations for AutoCAD and Inventor, we gain an international team of industry experts with a loyal customer base and vendor partnerships. In turn the MechWorks team and their clients will benefit from the strong technology resources available to them as a part of ITI."

"We appreciate the growth opportunity that this acquisition will bring to our solutions," states Ciro Ettorre, co-founder of MechWorks. "ITI's developers and consultants have a reputation of technical excellence and quality service. We know our customers will benefit from us joining ITI."

The MechWorks business shall be incorporated into ITI's PLM Integration, Migration and Consulting business, which is led by ITI EVP, Tom Makoski. Gaetano and Ciro will continue to manage the day to day operations of the MechWorks business. "We are excited to integrate the MechWorks team into our business - Gaetano and Ciro have built a very successful business over the past 20 years and we are proud to build upon that heritage," states Tom Makoski.

The companies will work together to further support the MechWorks PDM business, by nurturing the close working relationships with the existing partners/resellers and key customers, providing quality MechWorks PDM software releases, and leveraging the strong technology background of ITI.

Additionally, ITI will extend the existing, close working relationship with the Siemens PLM sales, services, and product management personnel, to help ensure strong AutoCAD & Inventor integration sales and leverage the ITI integration implementation and legacy PDM data migration capabilities to ensure successful integration deployments.

"Our expertise with PDM and PLM integration, coupled with ITI's CAD and PLM interoperability solutions, will enhance the value we offer our respective customers," added Gaetano Tavano, co-founder of MechWorks. "The entire MechWorks team is proud to be part of ITI."

About International TechneGroup (ITI)

International TechneGroup Inc. began in 1983 with a mission to help manufacturers drive innovation and time to market by applying computer-aided product development to engineering problems. Today, ITI is the global leader providing reliable interoperability, validation and migration solutions for product data and related systems. Our customers recognize the value in having a trusted solution partner that provides more than just software. ITI solves complex product data interoperability problems so that the world's leading manufacturers can focus on making great products. www.iti-global.com

Teamcenter and Solid Edge are registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. SOLIDWORKS is a registered trademark of Dassault Systèmes or its subsidiaries in the United States and/or other countries. Autodesk, AutoCAD and Inventor are registered trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. PTC and Creo are registered trademarks of PTC Inc. or its subsidiaries in the U.S. and in other countries. All trademarks or registered trademarks are the property of their respective holders, used with permission. All other rights reserved.

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SOURCE International TechneGroup Incorporated

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