Leading supplier of SolidWorks solid modelling solutions in Australia and New Zealand, Intercad has completed a management buyout.
Established 25 years ago, Intercad was sold by its founders to holding company Central Innovations Pty Ltd in 2006, a deal backed by the ANZ Bank.
Max Piper, Chief Executive Officer of Intercad explains that the global financial crisis has increased the demand for solid modelling systems as designers and manufacturers seek to be more productive and competitive.
By focussing on providing increased implementation, technical services and training, Intercad has been able to maintain its position as the leading distributor of SolidWorks in the region.
With the ANZ Bank planning to divest itself of its private equity holdings in the company, Intercad seized the opportunity to assume ownership of their business operation.
Piper adds that the ANZ Bank’s decision to divest at this point reflected its positive assessment of Intercad’s strong business position. Intercad’s leadership of the 3D modelling software and services market as well as its robust and rapidly expanding client base were other key factors in the decision.
Intercad’s clients include Russell Mineral Equipment, Qantas, Fisher & Paykel and Triple 8 Racing Team Vodafone as well as Monash University among others. The company has seen significant growth in the education market with demand for SolidWorks-trained graduates being driven by commercial organisations.
According to Piper, SolidWorks’ position as a global leader in 3D modelling solutions is complemented by Intercad’s role as a provider of choice for the industry and education sectors.
He explains that their role as a company goes beyond merely selling world-beating software. Intercad supports their clients before, during and after each sale, enabling the customers through implementation, training, on-site support and online support.
Piper also sees great opportunity in the challenges facing the manufacturing industry as the technology and the pre- and post-sales support offered by Intercad can increase productivity and help automate as many processes as possible, creating a healthier bottom line for clients whatever the market conditions.
Intercad is planning to roll out new services in 2012 in response to changing customer requirements as well as actively target new sectors in Australia and New Zealand.