Intergraph Acquires COADE
Intergraph, a provider of enterprise engineering software to the process, power and marine industries, has acquired COADE Holdings Inc., provider of CAESAR II, PV Elite and TANK products, as well as its CADWorx plant design suite.
The acquisition of the Houston-based software provider extends Intergraph’s market presence and ability to serve smaller projects with COADE’s CADWorx solution, a modular, AutoCAD-based 3-D plant design system. Terms of the deal were not disclosed.
COADE clients will receive uninterrupted support, maintenance and software upgrades as part of their maintenance agreement with Intergraph.
“The COADE acquisition advances our mission to provide best-in-class engineering solutions to our customers and target markets around the world,” says 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.”
For more information about the COADE acquisition, visit: www.intergraph.com/ppm/coade.aspx.