Cabnetware Acquired by ICADS USA

by WOHe

Cabnetware Acquired by ICADS USA

Lexington, KY ICADS USA, Inc., the major computer software
supplier with rapidly expanding American interests, has acquired
the trading assets and intellectual property rights of Cabnetware,
Inc., the Sacramento, CA-based supplier of design-to-manufacture
software aimed at cabinet shops and larger manufacturers, the
company announced.

The aquisition, whose terms were not disclosed, was finalized
early last month and significantly expands the British-based ICADS’
existing holdings, which already include the Lexington, KY-based
Planit-Autograph and Cabinet Vision, located in Tuscaloosa, AL.

The acquisition also makes ICADS the largest supplier of
computer-aided kitchen design and manufacturing software in the
world, according to the company.

“The purchase of Cabnetware, Inc. is an excellent complementary
acquisition that is in line with ICADS’ strategic objectives,” said
Trevor Semadeni, chief executive of the group. “It is our intention
to invest in the company to expand it further to achieve even
greater success,” Semadeni added.

Cabnetware’s existing management team will remain intact, and
the company will continue to operate independently, according to
Semadeni.

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