Vero Software Plc
Encyclopedia
Vero Software is a CADCAM software company headquartered in Cheltenham
, Gloucestershire
, England
.
Vero was founded in Northern Italy in October 1988 by Don Babbs and Ezio Galardo when they left Olivetti. In the mid 1990s its VISI-CAD and VISI-CAM products were the first to use the PC implementation of the Parasolid
kernel.
The company was incorporated in 1997 under the name Deepcredit Limited, and then renamed as VI Group Plc in 1998 prior to its listing on the London Stock Market. In October 2007 the company was renamed to Vero Software.
The company has four offices in Italy, three in England, one in Japan, one in France, one in Canada and one near Detroit in the USA. VISI-Series now has more than 15,000 users world-wide and over 1,000 machining STRATEGIST users. The products are supported from over 70 outlets in more than 40 countries and have been translated into more than 10 languages. Company sales have grown every year since inception and growth has averaged more than 20% per year over the last five years.
On August 11 2008 Vero Software Plc and its UK subsidiaries Vero UK Limited and Camtek Limited moved to a combined facility in Cheltenham
, Gloucestershire
from its previous location in Stroud
.
Cheltenham
Cheltenham , also known as Cheltenham Spa, is a large spa town and borough in Gloucestershire, on the edge of the Cotswolds in the South-West region of England. It is the home of the flagship race of British steeplechase horse racing, the Gold Cup, the main event of the Cheltenham Festival held...
, Gloucestershire
Gloucestershire
Gloucestershire is a county in South West England. The county comprises part of the Cotswold Hills, part of the flat fertile valley of the River Severn, and the entire Forest of Dean....
, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
.
Vero was founded in Northern Italy in October 1988 by Don Babbs and Ezio Galardo when they left Olivetti. In the mid 1990s its VISI-CAD and VISI-CAM products were the first to use the PC implementation of the Parasolid
Parasolid
Parasolid is a geometric modeling kernel originally developed by ShapeData, now owned by Siemens PLM Software , that can be licensed by other companies for use in their 3D computer graphics software products....
kernel.
The company was incorporated in 1997 under the name Deepcredit Limited, and then renamed as VI Group Plc in 1998 prior to its listing on the London Stock Market. In October 2007 the company was renamed to Vero Software.
The company has four offices in Italy, three in England, one in Japan, one in France, one in Canada and one near Detroit in the USA. VISI-Series now has more than 15,000 users world-wide and over 1,000 machining STRATEGIST users. The products are supported from over 70 outlets in more than 40 countries and have been translated into more than 10 languages. Company sales have grown every year since inception and growth has averaged more than 20% per year over the last five years.
On August 11 2008 Vero Software Plc and its UK subsidiaries Vero UK Limited and Camtek Limited moved to a combined facility in Cheltenham
Cheltenham
Cheltenham , also known as Cheltenham Spa, is a large spa town and borough in Gloucestershire, on the edge of the Cotswolds in the South-West region of England. It is the home of the flagship race of British steeplechase horse racing, the Gold Cup, the main event of the Cheltenham Festival held...
, Gloucestershire
Gloucestershire
Gloucestershire is a county in South West England. The county comprises part of the Cotswold Hills, part of the flat fertile valley of the River Severn, and the entire Forest of Dean....
from its previous location in Stroud
Stroud
Stroud a town and civil parish in the county of Gloucestershire, England.Stroud may also refer to:*Stroud, New South Wales, Australia*Stroud, Ontario, Canada*Stroud , Gloucestershire, UK*Stroud...
.
Acquisitions and capital funds
- May 2000 - acquired an Italian software company formerly known as Tecnocam for $349k plus shares.
- March 2001 - acquired the Electronic Data Interchange, a division of the South Wales based Ubiquity Software Corporation used for the secure transfer of automotive CAD/CAM data for $361k.
- May 2001 - November 2003 - raised up to €4.2million from a Eureka development grant Accordingly the Company recognized $680k due to the Eureka grant and other Italian grant awards as development cost savings in the 2002 accounts.
- May 2002 - Raised $4.6m from the stock market.
- July 2002 - took over its US subsidiary for the assumption of $355k in debt and forgiveness of another $259k of debt.
- August 2002 - sold its office in Prague for $33k.
- September 2002 - acquired machining STRATEGISTMachining STRATEGISTmachining STRATEGIST is a CAM application software now sold by Vero International Software for the purposes of generating G-codes for 3-axis CNC machines. It specializes in high speed machining.It was developed by NC Graphics since 1995...
and the majority of the programming team from NC GraphicsNC GraphicsNC Graphics was founded by Arthur Flutter in Waterbeach, Cambridge, England, in 1977 after completing a PhD in Computer Aided Design at the CADCentre...
for £1m cash plus shares.
- May 2003 - Received £143k from the South West Regional Development Agency.
- December 2006 - acquired Camtek, a nearby CAM software supplier.
Website
- http://www.vero-software.com
- Annual report and accounts 2000