Hybrid Software Group PLC acquires 3D software business

Hybrid Software Group

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HYBRID SOFTWARE GROUP APIs ACQUIRES 3D SOFTWARE BUSINESS

Cambridge (UK), March 15, 2022 (08:00 CET): Hybrid Software Group PLC (Euronext: HYSG) announces today that it has acquired on March 14, 2022 the iC3D-related business and assets from Creative Edge Software LLC.

The iC3D software suite generates photorealistic 3D virtual mockups on the fly, allowing cartons, labels, hoses, bottles, shrink sleeves, point-of-sale displays and in-store visualization to be rendered accurately for design verification and e-commerce applications. Additionally, iC3D offers the industry’s largest library of modeling models for digital packaging design and prototyping, as well as an online visualization platform that allows designers, brands and print providers collaborate on new designs with accurate real-time 3D rendering. More information is available at https://www.creativeedgesoftware.com/ic3d/.

Mike Rottenborn, CEO of Hybrid Software Group, comments: “3D and additive manufacturing applications are one of our fastest growing market segments for printhead electronics and software, but the visualization of packaging designs in 3D was a gap in our technology portfolio. The acquisition of iC3D strengthens our 3D offering and closes the loop between the design of high-end labels and packaging and the manufacture of industrial prints. We already have iC3D integration in our PACKZ and CLOUDFLOW software with a substantial installed base of users who have licensed the iC3D option and look forward to wider iC3D integration in our Digital Front Ends (DFEs). ) and other software products.

Trevor Haworth, CEO of Creative Edge, says, “We created Creative Edge Software in 2013 to develop 3D software that would offer packaging and label designers an all-in-one product to replace the many partial rendering solutions used at the time. Since then, iC3D has become the product of choice for many major brands. Almost from the start, HYBRID Software has become one of our largest value-added resellers by combining the rapid visualization capabilities of iC3D with their line of packaging production software products, and a close relationship between the development has been established. Our acquisition by Hybrid Software Group is the logical step in co-developing exciting new products for the packaging market and I look forward to our expansion with the additional resources provided by such a successful group.

The consideration for the acquisition is $4.0 million in cash, which has been paid in full.

Watch a video about the iC3D here: https://www.youtube.com/watch?v=6mHerA0zj9w

Note to Editors
Photo caption: Left to right, Mike Rottenborn, Trevor Haworth and Guido Van der Schueren celebrate the acquisition.

Ends

About Hybrid Software Group
Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial printing manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen and hundreds of packaging printers, commercial shops and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge, UK. Its subsidiaries are color technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, industrial printhead driver solution specialists, Meteor Inkjet and developer of Xitron prepress workflow.

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