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The acquisition institutionalizes a long-term informal partnership between the companies and positions Plus 3 for fast growth.
TERRAMODEL USERS GROUP SOFTWARE
TERRAMODEL, Plus 3’s flagship product, targets data acquisition, design and construction functions, whereas Spectra-Physics’ Paydirt software package concentrates on construction earthwork, takeoff (digital data gathered by surveyors), and estimating applications. The companies’ products and support strategies create a natural synergy and complementary relationship, he said. Said Darby, "This gives us the breadth of a multimillion dollar organization and makes us part of their overall solution package." The acquisition by CIG leverages Plus 3’s ability to reach new customers and gives the company more financial independence. He will remain president of the newly combined operation. "Business at Plus 3 will remain as usual, with no interruption of service," Darby said.
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It’s expected that the employees of Spectra-Physics Laserplane Paydirt operations in Dayton, Ohio will relocate to Atlanta by the end of this year. Atlanta will become the "center of excellence" for the companies’ worldwide application software development. "The combined knowledge and resources of CIG and Plus 3 will allow us to better serve the needs of our customers, prospective customers, dealers and business partners," said Derrick Darby, Plus 3’s founder and president.
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Spectra-Physics manufacturers electro-optical instruments and equipment for a wide variety of industries. With revenues in excess of $200 million, CIG is the largest of four major business groups owned by Spectra-Physics AB, a corporation based in Stockholm, Sweden. On the business front, in January of this year, Spectra-Physics’ Construction Instruments Group (CIG) (Chicago, IL) purchased Plus 3, quickly launching the smaller company into a bigger arena of the global marketplace. Its flagship product, TERRA-MODEL, is known for its speed, accuracy, and design capabilities. (Atlanta, GA), where 1997’s gains are likely to surpass expectations envisioned just a few months ago.Įstablished in 1983, Plus 3 Software has become one of the leading developers of 3D land modeling software for the civil engineering, surveying, construction, geographic information systems (GIS), and photogrammetry industries. This type of redirection is especially true for Plus 3 Software Inc. With any given new year, many of the companies we follow identify new challenges and define new goals for themselves.