In 1995 Accel bought P-CAD from Altium, then a subsidiary of IBM. Does anybody here remember this phase? Is this where Altium Ltd got its name?
Accel buys P-CAD line from IBM's Altium By Richard Goering EET-i Top of the News, Week of Jan. 16, 1995 SAN DIEGO -- In a surprise acquisition that affects tens of thousands of pc-board CAD users, tiny Accel Technologies Inc. has purchased the P-CAD product line from IBM's Altium subsidiary. The move gives Accel a product line with revenues that far exceed its own, and makes it the volume leader in printed-circuit-board CAD, with some 75,000 schematic and layout licenses. Accel's 1993 revenue was just $2.6 million, according to analyst Gary Smith at Dataquest Inc., a fraction of the $23 million that Altium listed in P-CAD revenue the same year. Accel president Walt Foley qu estioned both figures but agreed that P-CAD's revenue exceed that of Accel. Terms of the acquisition were not revealed, but it follows IBM EDA's decision to stop distributing its tools through Altium and apparently marks the death of that operation. According to a statement from Altium president Ron Stieger, Altium will be phased out as soon as its remaining products--including mechanical CAD and ruggedized PCs--have been returned to their IBM product organizations. Of more immediate concern to some 30,000 P-CAD licensees is what happens to their products. Foley, who said he initiated the deal after he saw a news item in "EE Times" suggesting that P-CAD might be for sale, said Accel will continue to support and expand the P-CAD product line into the "foreseeable future," under the P-CAD label. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * To post a message: mailto:[EMAIL PROTECTED] * * To leave this list visit: * http://www.techservinc.com/protelusers/leave.html * * Contact the list manager: * mailto:[EMAIL PROTECTED] * * Forum Guidelines Rules: * http://www.techservinc.com/protelusers/forumrules.html * * Browse or Search previous postings: * http://www.mail-archive.com/[email protected] * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
