Home / Knowledge / News / Information Technology / Yunique will become a part of Gerber Technology
Yunique will become a part of Gerber Technology
02
Dec '09
Gerber Scientific, Inc. announced the acquisition of Yunique Solutions Inc., a privately-held developer of product lifecycle management software solutions for the fashion industry. This strategic transaction combines Gerber's position as a world-leading CAD/CAM and PLM solutions and support provider with Yunique's innovative and advanced PLM software platform. Gerber expects the acquisition to be accretive to earnings beginning with the Company's fiscal fourth quarter 2010. Terms were not disclosed.

"Yunique will become a part of Gerber Technology, a leader in the $200 million global apparel/retail PLM software market, and will give Gerber Technology an advanced PLM software offering," said Marc Giles, Gerber Scientific President and Chief Executive Officer.

"Product development and product lifecycle management are core to our customers' success," Giles added. "Through our webPDM software, which we will continue to support, we have established a leading role in this active market. Integrating Yunique's advanced technologies and expertise will expand our capability for building substantial value for customers and shareholders."

"This is a powerful combination," said Daniel Pak and Darioush Nikpour, Yunique's co-founders and principal owners. "Our customers will now be supported by a global team of PLM solutions consultants that is unmatched in the industry. Innovation will accelerate. Gerber's global footprint and resources will enhance sales penetration and service delivery. This is the right transaction for our customers, partners and employees. We are excited about joining the Gerber team and eager to contribute to its further growth and development."

Gerber Scientific Inc

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search