ZWSOFT Announces the Acquisition of VX

USA - English

• USA - English

GUANGZHOU, China, Aug. 25 /PRNewswire-Asia/ -- ZWCAD Software Co., Ltd (ZWSOFT), a leading provider of CAD platforms, is pleased to announce that it has completed its acquisition of VX Corporation, an American pioneering CAD/CAM solutions provider since 1985. The acquisition is a continuation of the China based 2D CAD solutions provider's recent rapid growth in the CAD/CAM market. Currently, ZWSOFT services over 180,000 users in 80 plus countries around the world and is aiming to become a leader in both the 2D and 3D CAD/CAM market.

VX Corporation was known for its excellent 3D CAD/CAM solution based on their state-of-the-art VX kernel. The VX development team located in Florida will continue to create innovative 3D CAD/CAM software as a division of ZWSOFT but will now be aided by a much larger International team. As a wholly owned subsidiary of ZWSOFT, the VX and ZWSOFT will adopt this powerful technology for their latest product, ZW3D. This new all-in-one CAD/CAM solution will extend enterprise-level mechanical design and engineering capabilities to the desktop at a fraction of the cost of other comparable systems. Unlike other CAD/CAM companies, ZWSOFT now owns and controls its own proprietary kernel. This enables ZWSOFT to meet the growing demands of the manufacturing marketplace and accommodate business expansion.

ZWSOFT will release the ZW3D product line in September during the company's annual Global Partner Conference. ZWSOFT hopes to give ZWCAD customers a familiar interface for them to broaden their designs with a 3D solution, and improve on the services and features provided by VX Corporation to their loyal consumers.

VX Corporation Founder and CEO Mark Vorwaller had this to say, "The acquisition by ZWSOFT of VX is the next chapter in our company's history. I'm confident that the ZWSOFT vast resources and dedicated staff will be able to improve upon our VX kernel. I am sure our cooperative efforts will meet the needs and expectations of our loyal customers."

Similarly, CEO of ZWSOFT, Truman Du, said of the acquisition, "This marks a new era in ZWSOFT, by breaking into the 3D market, we are able to fulfill our company's pledge to CAD users around the world: to continue to develop the CAD industry and improve on all aspects of it. Our entrance to the 3D market marks another step forward in fulfilling that pledge."

About ZWSOFT

ZWSOFT, headquartered in Guangzhou, has three branches in Beijing, Shanghai, and Wuhan. It also consists of a wholly owned subsidiary company that is headquartered in Melbourne, Florida. As a leading supplier of CAD/CAM software solution, the company employs over 400 staff and is supported by an international network of highly skilled strategic partners, distributors, and resellers.

ZWCAD is ZWSOFT's flagship product. It meets the needs of a broad base of target groups in 2D/3D design industries with 180,000 users throughout the world. ZWCAD is the leading brand in China's CAD industry, and it competes successfully in over 80 other countries. For more information, please visit http://www.zwcad.org/.

About VX

Founded in 1985 by Mark Vorwaller and Forrest Blair, VX provides design-through-manufacturing solutions to help companies speed time-to-market, increase profitability and gain a sustainable, competitive advantage. Their products are based on the VX kernel, a high performance engine that delivers sophisticated 3D hybrid modeling capabilities and provides interoperability with emerging process management and engineering tools.

SOURCE ZWCAD Software Co., Ltd.