DMG MORI, one of the world’s largest CNC machine tool manufacturers is leading the first round of investment. Autodesk, and PTC, two of the largest CAD/CAM vendors, are also participating. Further partners are expected to join soon, and the Strategic Partnership Program will be completed by the end of 2023. The program focuses exclusively on offering minority stake investments to key partners from different market segments: there will be no change in control of ModuleWorks.
ModuleWorks, a global leader in toolpath and simulation software components for digital manufacturing systems, has launched its Strategic Partner Program, which invites a selection of key partners licensing ModuleWorks technology to make a minority investment into ModuleWorks equity and help accelerate Digital Transformation in Manufacturing.
The investment proceeds will be used to increase ModuleWorks’ Research & Development capacity with the objective of accelerating digital transformation in manufacturing by focusing on four key areas: CAM & CNC Automation, Advanced Additive Manufacturing, Cloud Computing, and Robotics.
Yavuz Murtezaoglu, Founder and Managing Director of ModuleWorks explains, “In the last 20 years since our foundation, ModuleWorks’ neutrality and independence has allowed us to become the best-in-class supplier of toolpath and simulation components in CAD/CAM software and CNC hardware solutions. The Strategic Partnership Program enables us to maintain our neutrality and independence, while at the same time, extend our relationships with key partners and receive additional funding to increase our pace of innovation even further. We have developed 1500 person-years of manufacturing technology since our beginnings. With the Strategic Partnership Program investment, we aim to double that within a fraction of the time.”
“ModuleWorks is a worldwide unique provider of embeddable toolpath and simulation components. DMG MORI and ModuleWorks share the same vision of CAD/CAM automation solutions. Together, with the global footprint of DMG MORI we will open a wide range of scalable opportunities for the shopfloors of our customers,” said Christian Thönes, Chairman of the Executive Board of DMG MORI AKTIENGESELLSCHAFT.
“By investing in ModuleWorks, Autodesk is not only investing in a premier partner, but also in elevating the entire manufacturing industry,” said Andrew Anagnost, Autodesk president and CEO. “As the industry looks to expand and re-align its supply chains, I can’t think of a better time to be making this kind of investment. We are proud that Fusion will continue to not only leverage ModuleWorks’ technology, but that it will also continue to be the leader in helping manufacturers move their processes to the cloud.”
“PTC and ModuleWorks have enjoyed a longstanding relationship and we are pleased to contribute to this investment round,” said Jim Heppelmann, CEO, PTC. “We expect ModuleWorks will continue to be an important partner as we execute our SaaS transformation strategy and bring new solutions to the manufacturing ecosystem.”
Further news on the ModuleWorks Strategic Partner Program will be available later this year. Meanwhile, if you would like to know more, contact details are available below.
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