Cimatron#CimatronE

{{Infobox company

| name = Cimatron

| type = Private

| traded_as = {{NASDAQ was|CIMT}}

| foundation = {{start date and age|1982}}

| location_city = Givat Shmuel

| location_country = Israel

| area_served = Worldwide

| industry = Computer-aided design, computer-aided manufacturing

| products = Engineering software

| services = Maintenance

| homepage = {{URL|cimatron.com}}

}}

Cimatron is an Israeli software company that produces computer-aided design and computer-aided manufacturing (CAD/CAM) software for manufacturing, toolmaking and computer numerical control (CNC) programming applications.{{cite web |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=527852 |archive-url=https://web.archive.org/web/20110522210826/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=527852 |url-status=dead |archive-date=May 22, 2011 |title=Cimatron Ltd.- Company Profile on BusinessWeek |publisher=Investing.businessweek.com |access-date=2013-06-24}}

The company was listed on the Nasdaq exchange under the symbol CIMT, until its 2014 acquisition by 3D Systems. Before this, the firm's major shareholder was DBSI,{{cite web |url=http://israelnewsletter.com/2008/02/21/company-uncovered-cimatron-nasdaq-cimt/#more-344 |title=Cimatron, rising player in software for manufacturing |publisher=Israelnewsletter.com |date=2008-02-21 |access-date=2013-06-24 |archive-url=https://web.archive.org/web/20120425152352/http://israelnewsletter.com/2008/02/21/company-uncovered-cimatron-nasdaq-cimt/#more-344 |archive-date=2012-04-25 |url-status=dead}} whose co-managing partner, Yossi Ben-Shalom, chaired the Cimatron board.{{cite web|url=http://www.prnewswire.com/news-releases/cimatron-appoints-yossi-ben-shalom-as-new-chairman-of-the-board-74002162.html |title=Cimatron Appoints Yossi Ben Shalom as New Chairman of the Board |publisher=Prnewswire.com |access-date=2013-06-24}}

Headquartered in Tel Aviv, the firm had subsidiaries in the United States, Germany, Italy, China, South Korea, India and Brazil, and resellers in over 40 countries. Its main software products, CimatronE and GibbsCAM, are used in over 40,000 installations worldwide.{{cite web |url=http://www.cimatron.com/Group/general.aspx?FolderID=3032&lang=EN |title=Cimatron Group - CAD/CAM software |publisher=Cimatron.com |access-date=2013-06-24 |archive-date=2013-06-07 |archive-url=https://web.archive.org/web/20130607062527/http://www.cimatron.com/Group/general.aspx?FolderID=3032&lang=en |url-status=dead}} Its clients are largely from the automotive, aerospace, consumer electronics, toys, medical, optics and telecom industries.{{cite web|url=http://www.hoovers.com/company/Cimatron_Limited/hrcjsi-1.html |title=Hoovers online |publisher=Hoovers.com |access-date=2013-06-24}}

One of the firm's major clients is China's Haier Mould, a subsidiary of the Haier Group.{{cite web|last=Shamah |first=David |url=http://www.jpost.com/Business/Commentary/Article.aspx?id=250128 |title=Digital World: A most atypical Israeli business | JPost | Israel News |publisher=JPost |date=2011-12-19 |access-date=2013-06-24}}

History

The firm was founded in 1982 as MicroCAD, releasing its first software products Multicadd and Multicam in 1984 for use by small- to medium-sized tool shops. In 1987, the firm changed its name to Cimatron.{{cite web |url=http://www.cimatron.com/Group/general.aspx?FolderID=5469&lang=en |title=Celebrating 30 years of CAD/CAM leadership |publisher=Cimatron |date=2013-03-12 |access-date=2013-07-10 |archive-date=2014-07-12 |archive-url=https://web.archive.org/web/20140712054342/http://www.cimatron.com/Group/general.aspx?FolderID=5469&lang=en |url-status=dead}}

In 1990, the firm launched Cimatron IT, which it claimed was the world's first integrated CAD/CAM software.

In March 1996, Cimatron began trading on the Nasdaq under the symbol CIMT. In 1999, Cimatron launched its product for Windows, CimatronE. In March 2011, Cimatron began trading on the Tel-Aviv Stock Exchange, becoming a dual-listed company. However, in 2013 its board of directors voted to delist from the TASE.

In July 2005, Cimatron acquired an initial 27.5% interest in Microsystem Srl, its Italian distributor. By July 2008, Cimatron had completed the acquisition of 100% of Microsystem.{{cite web |url=http://secfilings.nasdaq.com/edgar_conv_html%2f2013%2f04%2f30%2f0001178913-13-001282.html#FIS_COMPANY_INFORMATION |archive-url=https://archive.today/20130710122915/http://secfilings.nasdaq.com/edgar_conv_html/2013/04/30/0001178913-13-001282.html%23FIS_COMPANY_INFORMATION |url-status=dead |archive-date=July 10, 2013 |title=United States Securities and Exchange Commission Form 20 - Cimatron Ltd. |date=2013 |access-date=2013-07-10}}

In January 2008, Cimatron merged with US CNC machining software company Gibbs and Associates.{{cite web|url=http://www.nasdaq.com/MorningStarProfileReports/CIMT_USA.pdf |title=Cimatron Ltd. CIMT |publisher=Morningstar Equity Research |access-date=2013-07-10}} Former Gibbs head William Gibbs assumed the position of Cimatron President North America and Vice Chairman of Cimatron Ltd. and agreed to remain with the firm for at least five years.

In 2010, Cimatron was listed by product lifecycle management (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.{{cite press release |url=http://www.cimdata.com/news_events/press_release.html?press_release_ID=99 |title=CIMdata: Global Leader in PLM Consulting |publisher=CIMdata |date=2011-08-03 |access-date=2013-06-24}}

In the 4th quarter of 2010, Cimatron reported its highest ever quarterly revenue of $11 million and operating profit of $1.7 million.{{cite web |url=http://www.cimatron.com/SIP_STORAGE/FILES/4/3004.pdf |title=Cimatron Reports its Highest-Ever Revenues and Operating Profit in Q4/10 |publisher=Cimatron |access-date=2013-07-10 |archive-date=2013-04-25 |archive-url=https://web.archive.org/web/20130425183442/http://www.cimatron.com/SIP_STORAGE/FILES/4/3004.pdf |url-status=dead}} Also Cimatron and LEDAS (LGS 3D owner those days) have collaborated on Motion Simulation application dedicated to mold, tool and die maker design, that is able to work with standard CAD shapes, i.e., canonics and NURBS. Collision detection was based on functions of ACIS kernel, while motion was performed by LGS 3D as a sequence of constraint satisfaction problems. As a result of collaboration, Cimatron licensed LGS 3D, and Motion Simulation application was developed and integrated into CimatronE CAM system.{{cite web|title=Cimatron to Introduce New Motion Simulator Powered by LEDAS LGS 3D|url=http://www.cimatron.com/Group/pressreleases.aspx?FolderID=3099&docID=21813|date=Nov 22, 2010|publisher=Cimatron}}{{Dead link|date=July 2021 |bot=InternetArchiveBot |fix-attempted=yes}}

In 2011, the firm was listed as one of Israel's fastest growing technology companies in the Deloitte Fast 50 Awards' list.{{cite web |url=http://www.deloitte.com/view/en_IL/il/industries/tmt/fast50/winners/c8d93a5b4bf82310VgnVCM2000001b56f00aRCRD.htm |title=2011 Israel Technology Fast 50 winners |publisher=Deloitte |access-date=2013-06-24 |archive-date=2014-04-17 |archive-url=https://web.archive.org/web/20140417012838/https://www.deloitte.com/view/en_IL/il/industries/tmt/fast50/winners/c8d93a5b4bf82310VgnVCM2000001b56f00aRCRD.htm |url-status=dead}}

For 2012 Cimatron reported revenues of $42.3 million, with a record non-GAAP operating profit of $6.1 million.{{cite web|url=http://www.marketwatch.com/story/cimatron-reports-record-q4-and-full-year-2012-results-across-all-operating-parameters-2013-02-19 |title=Cimatron Reports Record Q4 and Full Year 2012 Results Across all Operating Parameters |publisher=MarketWatch |access-date=2013-06-24}}

In February 2013, Cimatron CEO Danny Haran announced that the firm had begun researching the additive manufacturing field. In March of that year Cimatron established a 3D Printing Advisory board, naming 3D printing expert Terry Wohlers as its first member.{{cite web|url=http://www.marketwatch.com/story/cimatron-establishes-3d-printing-advisory-board-2013-03-06 |title=Cimatron Establishes 3D Printing Advisory Board |publisher=MarketWatch |access-date=2013-06-24}}

In 2015, 3D Systems completed its acquisition of all shares of Cimatron Ltd. for approximately $97 million.{{Cite web |url=https://www.gibbscam.com/news-events/gibbs-news/3d-systems-completes-acquisition-cimatron#.VvjQGXp9pxA |title=3D Systems completes acquisition |access-date=2016-03-28 |archive-date=2017-06-29 |archive-url=https://web.archive.org/web/20170629061135/http://www.gibbscam.com/news-events/gibbs-news/3d-systems-completes-acquisition-cimatron#.VvjQGXp9pxA |url-status=dead}}

Products

=CimatronE=

CimatronE is an integrated CAD/CAM system for mold, die, and tool makers and manufacturers of discrete parts, providing associativity across the manufacturing process from quoting, through design and delivery. The system's products include mold design, electrode design, die design, 2.5 to 5-axis numerical control (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.{{cite web |url=http://www.ncsuperbox.com/ |title=ncsuperbox |publisher=ncsuperbox |access-date=2013-06-24 |archive-date=2013-05-28 |archive-url=https://web.archive.org/web/20130528204655/http://www.ncsuperbox.com/ |url-status=dead}}

=GibbsCAM=

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.{{Cite web |last=Developers |first=Charvik |title=Milling Options: GibbsCAM |url=https://radcamtechnologies.com/products/productType/3dsystem/Gibbscam/webpage/milling.php |access-date=2023-06-19 |website=radcamtechnologies.com |language=en}}