DP Technology Buys Simulation Software Developer
DP Technology, author of the Esprit CAM system, has purchased BinarySpaces Software Technology GmbH, a virtual machining software company based in Teltow (Berlin), Germany. “This acquisition provides DP Technology with direct access to simulation technology that will allow us to further develop our OEM partnerships with machine tool builders around the world,” says Chuck Mathews, vice president of DP Technology. “We are also excited about the opportunity to offer our Esprit end users a stand-alone simulation product, a tool that is extremely important for today’s complex multi-axis and turn-mill machine tools.
“This acquisition provides DP Technology with direct access to simulation technology that will allow us to further develop our OEM partnerships with machine tool builders around the world,” says Chuck Mathews, vice president of DP Technology. “We are also excited about the opportunity to offer our Esprit end users a stand-alone simulation product, a tool that is extremely important for today’s complex multi-axis and turn-mill machine tools.”
Both companies will continue to operate independently, as BinarySpaces will maintain its current headquarters and staff in Berlin. The most significant, immediate result of the acquisition is a commitment by BinarySpaces to double its investment in research and development during the next 12 months.
BinarySpaces offers its machine simulation technology as a software component, SIMNC Core API, that is embedded in individual OEM products. The company also offers pre-packaged CNC machine simulation products directly to end users under the trade name SIMNC. The company has an extensive end-user customer base in Europe as well as a number OEM customers consisting of large European and Japanese machine tool builders.
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