February 23, 2023
ModuleWorks has launched its Strategic Partner Program, which invites a selection of key partners licensing ModuleWorks technology to make a minority investment into ModuleWorks equity and help accelerate digital transformation in manufacturing, the company reports.
DMG MORI, a CNC machine tool manufacturer, is leading the first round of investment. Autodesk and PTC, two large CAD/CAM vendors, are also participating. Further partners are expected to join soon, and the Strategic Partnership Program will be completed by the end of 2023. The program focuses exclusively on offering minority stake investments to key partners from different market segments: there will be no change in control of ModuleWorks, according to the company.
The investment proceeds will be used to increase ModuleWorks’ research & development capacity with the objective of accelerating digital transformation in manufacturing by focusing on four key areas: CAM and CNC automation, advanced additive manufacturing, cloud computing and robotics.
ModuleWorks is the software component provider for the digital manufacturing industry. With over 200 employees and 1000 person-years of software development, ModuleWorks’ expertise in toolpath creation and simulation is recognized throughout the industry and its software components are already optimizing the performance and quality of over 500,000 installed seats of CAD/CAM and CNC software around the world. From standard products to exclusive development projects, ModuleWorks helps companies to bring their vision of Industry 4.0 to life.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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