| Type | Public (NASDAQ: CIMT) |
|---|---|
| Industry | Computer-aided design, Computer-aided manufacturing |
| Founded | 1982 |
| Headquarters | Tel Aviv, Israel |
| Area served | Worldwide |
| Key people | Danny Haran (CEO) |
| Products | Engineering Software, |
| Services | Maintenance, Bespoke solutions |
| Website | Cimatron.com |
Cimatron Group is one of the largest CAD/CAM software developers worldwide, offering manufacturing, toolmaking and CNC programming solutions.[1]
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Founded in 1982, Cimatron is listed on the Nasdaq and Tel Aviv Stock Exchange under the symbol CIMT.[2] The company's major shareholders are DBSI and Rimon Ben Shaul.[3]
Headquartered in Tel Aviv, Israel, the company has subsidiaries in the USA, Germany, Italy, China, South Korea, and India, as well as resellers in over 40 countries. Its signature software products - CimatronE and GibbsCAM - are used in over 40,000 installations worldwide.[4] Its clients are largely from the automotive, aerospace, consumer electronics, toys, medical, optics and telecom industries.[5]
One of the company's largest clients is China’s Haier Mould, a subsidiary of the Haier Group. With an annual production capacity of 1,200 standard mold sets and capability to build molds over 40 tons, Haier Mould services companies such as Ford, Toyota, Volkswagen, Mitsubishi, Honda, Nissan, Samsung, LG, Canon and Sanyo.[6]
In January 2008, Cimatron merged with US CNC machining software company Gibbs and Associates.[7] Former Gibbs head Bill Gibbs assumed the position of Cimatron President North America and Vice Chairman of Cimatron Ltd. and agreed to remain with the company for at least five years.[8]
In 2010, Cimatron was listed by PLM consulting firm CIMdata as one of the leading suppliers of CAM software, based on CAM software and services direct revenue received. CIMdata also predicted that Cimatron would be one of the five most rapidly growing CAM software companies in 2011.[9]
In the 4th quarter of 2010, Cimatron reported its highest ever quarterly revenue of $11 million and operating profit of $1.7 million.[10]
In 2011, the company was listed as one of Israel's fastest growing technology companies in the Deloitte Technology Fast 50 Awards' list.[11]
CimatronE is an integrated CAD/CAM solution for mold, die and tool makers and manufacturers of discrete parts, providing associativity across the manufacturing process from quoting, through design and delivery. The solution's products include: Mold Design, Electrode Design, Die Design, 2.5 to 5-Axis NC Programming and 5-Axis Discrete part production. In 2010 the CimatronE SuperBox was launched, a combined hardware-software device for the offloading and acceleration of toolpath calculations in NC programming.[12]
GibbsCAM specializes in 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. It also provides integrated manufacturing modeling, including 2D, 2.5D, 3D wireframe, surface and solid modeling.