US-based infrastructure engineering solutions provider Bentley Systems has acquired software products company S-Cube Futuretech Pvt Ltd for an undisclosed amount, a company statement said.
S-Cube’s software products such as RCDC, RCDC FE, RCDC Plan, and Steel Autodrafter are now part of Bentley’s structural analysis and design portfolio. Further, the S-Cube staff has joined Bentley’s teams in India, the statement added.
Founded in 2004 by Sajit V R Nair and Vishwas Date, S-Cube Futuretech offers software solutions to the structural and civil engineering industry. It has developed off-the-shelf products for automating structural planning and design.
“S-Cube technology, with its niche structural concrete design, detailing, and documentation capabilities, uniquely compliments the STAAD and RAM structural analysis and design software. In particular, Bentley is now able to offer a complete solution for the structural design of buildings to Indian standards, including reinforced concrete detailing and documentation integrated with STAAD and RAM,” the press release said.
S-Cube’s clients include Tata Consulting Engineers, Sterling Engineers, Engineers India Ltd and Toyo Engineering. It also gets orders from Japan, Malaysia, Indonesia and Iraq.
Bentley Systems provides engineers, architects, geospatial professionals, constructors, and owner-operators with software solutions for advancing the design, construction, and operations of infrastructure. Founded in 1984, Bentley has more than 3,000 employees in over 50 countries, more than $600 million in annual revenues. Since 2011, it has invested more than $1 billion in research, development, and acquisitions, information on the firm’s website shows.
Bentley’s acquisition gives IDFC-Parampara Early Stage Opportunities Fund its first exit. S-Cube had raised around $1 million in a Series A round from venture capital firm Parampara Capital in 2015.
IDFC-Parampara Early Stage Opportunities Fund, a collaboration between financial services conglomerate IDFC Group and venture capital firm Parampara Capital, was launched in August 2015. S-Cube was the fund’s first investment.
Like this report? Sign up for our daily newsletter to get our top reports.