Under the agreement, Ubisense will become the distributor of Geomagic's software products in North America.
Geomagic provides software unique in the market for pipeline integrity assessment, asset management and asset service, as well as work management - all with functionality for audit-proof storage and documentation.
"I am pleased and excited about Ubisense becoming the distributor of our products in North America," said Dr. Stephan Knoblauch, product manager with Geomagic.
"Ubisense has a strong position in the utilities market, making them an ideal partner for us. Our software will strengthen the product portfolio Ubisense can offer its customers. This is a true win-win situation."
This strategic partnership opens up markets outside Europe for Geomagic's software products, which include Trascue.PIMS and GeoNAM.
"The dynamic nature of pipeline regulatory compliance requires software that can change with the regulations. The Ubisense-Geomagic partnership will provide our customers with a proven suite of flexible tools already in use by eight pipeline and utility companies," said Dave Harris, Senior Vice President Americas Operations at Ubisense. "We are delighted to bring Geomagic's product solutions and industry expertise to the North American market."
In addition, the Geomagic products offer easy integration with GE Smallworld and flexible configuration options which are important factors for future success with the partnership.
About Geomagic GmbH
Geomagic GmbH, based in Leipzig, Germany, is an IT service provider that operates internationally and specializes in software solutions for operators of oil and gas pipelines. In 2011, Geomagic had a sales revenue of EUR 3.9 million. Besides being active in the German market, Geomagic currently has projects in the USA, Switzerland, Poland, and the Netherlands. It also has a development partnership with GE Energy, who maintains a wide range of international projects and distribution networks. Supported by GE Energy, Geomagic is able to offer its specialized expertise in a global context. Geomagic currently employs 39 people. For more information visit: www.geomagic.de.
Ubisense, the market leader of location solutions, delivers mission-critical enterprise asset tracking and geospatial systems. The company's location technology provides more than 500 customers worldwide with unprecedented visibility of, and control over, previously intractable business processes. Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Singapore; and Korea. For more information visit: www.ubisense.net.
Contacts: Ubisense Group Plc David Cole +1-720-249-4149 Email Contact www.ubisense.net FTI Consulting Sebastian Mathews +44 (0) 20 7831 3113 FTI Consulting Jon Snowball +44 (0) 20 7831 3113