Marlborough, MA, November 10 -- CADKEY Corp, a leading developer of Windows®-based mechanical design and drafting software, announced today that Kubotek Corp, a publicly traded company headquartered in Osaka, Japan, has received court approval to acquire the company''s assets, which include the popular CADKEY® MCAD software product line. Kubotek has three high-tech divisions: Creation Engineering, Media and Network Systems, and Inspection Systems, and locations throughout Japan, Taiwan, Singapore, and Korea. Kubotek first entered into a direct, strategic business relationship with CADKEY Corp in 1996 when they invested in the company in exchange for an equity position. CADKEY sales, support, and development will continue to be headquartered in the Boston area.
Robert W. Bean, president and CEO of CADKEY Corp, states, "Existing and prospective CADKEY customers should know that this acquisition is an incredibly perfect fit that creates a very powerful union. We have enjoyed a very valued and trusting relationship with Kubotek for nearly a decade, even prior to our acquisition of the CADKEY product line. We are both strongly committed to the development of innovative and creative next-generation engineering solutions and to significant, solid growth."
Dr. Tetsuo Kubo, president and CEO of Kubotek Corp, a mechanical engineer and certified medical doctor who founded the company, states, "Everyone at Kubotek is extremely happy about the acquisition of this established, world-renowned MCAD software. We are excited about our strong, clear vision for the future of the company and product line. Our many years of experience with this powerful and flexible geometry-based software and our long-time relationship with CADKEY personnel provide a strong foundation for moving forward rapidly. Through extensive research and analysis, Kubotek develops products that find creative and innovative ways to solve the complex manufacturing needs of customers. We will continue to develop strategic products that empower customers with precise engineering products and business solutions that enable them to become more productive and more competitive."
Kubotek''s Creation Engineering division develops and markets a suite of CADKEY-based high-end design, machining and reverse engineering solutions for the Japanese market. They created the concept of Computer Assisted Creation (CAC) that combines measurement and machining functions with design and modeling. Products from other Kubotek divisions include software and hardware systems for LCD panel and semiconductor inspection, flexible video network systems for remote video monitoring, and solutions for factory automation.