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Latest Cad-Q News

Addnode Group’s Subsidiary Cad-Q Changes Name to Symetri

Apr 4, 2016

April 04, 2016 02:37 AM Eastern Daylight Time STOCKHOLM--( BUSINESS WIRE )--Regulatory News: Addnode Group (STO:ANODB): Addnode Group’s subsidiary,Cad-Q changes name to Symetri. The change of the name marks the company’s transformation from a CAD provider to a broad supplier of software and services for the construction and facility sector, manufacturing and marine industries. Addnode Group’s subsidiary Cad-Q started off in 1989 as a supplier of CAD systems. The company has since then gradually changed into becoming a strategic business partner providing software and services for design, construction and product data information. As a part of the transformation process, the company now changes its name to Symetri. Symetri has approximately 300 employees and a strong portfolio of software and services that helps customers to analyze, simulate, design, construct and manage products and facilities. Customers are mainly within construction, real estate, manufacturing and marine industries. - We have gradually turned our customer offering to include more and more software and services for optimization of workflows, data management and quality improvement. Cad-Q is no longer an accurate name of the company. The name change to Symetri reflects our transformation to a broad and diverse customer offering, says Staffan Hanstorp, President and CEO of Addnode Group. Symetri is a part of Addnode Group’s business area Design Management. The business area had net sales of SEK 828 M in 2015 and is the leading supplier of software and services for design and construction in Northern Europe. About Addnode Group Addnode Group offers operation-critical IT-solutions to selected markets within both private and public sectors. We acquire, build and develop companies that deliver operation-critical IT solutions for specific needs from our customers. Every day, 500,000 engineers use our systems to develop and maintain products, buildings and installations. 100,000 employees in the public sector use our solutions for municipal and government management. We have 1,200 employees in Sweden, Austria, Denmark, Finland, Germany, India, Norway, Slovakia, the UK and the US and Serbia. Net sales in 2015 amounted to SEK 1,900 M. Addnode Group's Series B share is listed on the Nasdaq Stockholm. For more information, please visit www.addnodegroup.com . This information was brought to you by Cision http://news.cision.com Contacts

Cad-Q Acquisitions

1 Acquisition

Cad-Q acquired 1 company. Their latest acquisition was Cad Teknikk on April 19, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/19/2012

$99M

Acquired

Date

4/19/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Cad-Q Partners & Customers

2 Partners and customers

Cad-Q has 2 strategic partners and customers. Cad-Q recently partnered with Eagle Point Software on October 10, 2014.

Date

Type

Business Partner

Country

News Snippet

Sources

10/23/2014

Supplier

United States

Cad-Q is exclusively representing Eagle Point’s Pinnacle Series in Northern Europe – Eagle Point Software Corporation

Stockholm -- October 21 , 2014 -- Cad-Q , a leading provider of IT solutions to Northern Europe , has entered into an exclusive partnership with Eagle Point Software , developer of the Pinnacle Series for Autodesk .

2

2/28/2014

Partner

Canada

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10

Date

10/23/2014

2/28/2014

Type

Supplier

Partner

Business Partner

Country

United States

Canada

News Snippet

Cad-Q is exclusively representing Eagle Point’s Pinnacle Series in Northern Europe – Eagle Point Software Corporation

Stockholm -- October 21 , 2014 -- Cad-Q , a leading provider of IT solutions to Northern Europe , has entered into an exclusive partnership with Eagle Point Software , developer of the Pinnacle Series for Autodesk .

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Sources

2

10

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