Fog Software acquires IT company Optitex

27 Apr '20

2 min read

Pic: Optitex

Optitex, a leading provider of integrated 2D and 3D CAD/CAM software solutions for the fashion and apparel, automotive, upholstery, and industrial fabrics industries, has been acquired by Fog Software, a division of Constellation Software. Fog acquires, manages, and builds software companies and enables them to be clear leaders in their industries.

Optitex will operate as an independent company within Fog, using its historic Optitex name and brand, allowing the company the strategic and operational freedom to focus on the unique and specific needs of its users. Optitex will continue to innovate its products, expand its suite of software solutions and services, and directly support its customers worldwide, according to a press release by Fog.

With Constellation Software’s long-term strategy to acquire, build, and retain companies, Optitex will benefit from Constellation’s additional strategic support. Having completed over 500 acquisitions, Constellation Software brings a robust set of business best practices and investment strength to its portfolio companies to ensure their steady and continuous growth.

“This acquisition provides significant added value to Optitex, its customers and partners. While retaining independence of business operations, we reinforce our strong commitment to innovative product development. This investment also shows a tremendous vote of confidence in both our team and our technology, particularly in these challenging times. Optitex expects to achieve lasting business stability supported by Constellation's long-term vision, and to further benefit from Constellation’s financial support, networking opportunities, and well-honed management best practices,” Amir Lehr, CEO of Optitex said.

“We are excited to enter the 3D digital design space and impressed with the product and market vision of the Optitex team. With our historic investment in similar companies in this market, this acquisition reinforces our commitment to the segment and we are very pleased to add Optitex to the Fog family. We look forward to supporting continued product innovation to create value for customers around the world,” Sandy Scott, Fog’s portfolio manager for retail and textile technologies said.

Fibre2Fashion News Desk (GK)

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