September 9, 2022
Tech Soft 3D, provider of engineering software development toolkits, has acquired Redway3D, creator of the REDsdk, a software component providing advanced photorealistic and real-time rendering capabilities. This acquisition is in line with the company's plans to fuel growth by investing in product development, scaling the company's global reach and increasing its product offerings through acquisitions, Tech Soft 3D reports.
Redway3D's REDsdk complements HOOPS Visualize with its strong focus on raytracing-based photorealistic rendering and its game-engine approach to advanced real-time visualization. HOOPS Visualize is a performance engineering-focused graphics library and SDK for rendering 3D CAD models on desktop, mobile and AR/VR devices.
“Adding the REDsdk technology to our portfolio addresses a need many of our partners have for advanced, photorealistic visualization and rendering, which is an area in which we will continue investing,” says Ron Fritz, CEO of Tech Soft 3D. “We remain focused on empowering developers of engineering software to build world-class applications for manufacturing, building and construction and other industries, and the addition of the sophisticated Redway3D technologies will help us do that on an even broader scale.”
Tech Soft 3D's acquisition of Redway3D will allow the company to become an even more critical Strategic Technology Partner for the companies that use Tech Soft 3D software, such as Hexagon, Dassault and others. In addition, in the coming months the company will explore ways to deploy the Redway3D technology alongside other relevant products in the Tech Soft 3D portfolio. The acquisition is about making the HOOPS platform more attractive to a broader set of users in the engineering software world by enabling them to maximize their use of their CAD data, Tech Soft 3D reports.
Tech Soft 3D intends to continue to maintain and support Redway3D's existing partners that are using its REDsdk offering for photorealistic and real-time rendering. Details of the acquisition are not disclosed. Tech Soft 3D is backed by global, technology-focused investment firm Battery Ventures.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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