HUNTSVILLE, Ala., February 6, 2006 – Intergraph Corporation (NASDAQ: INGR), a leading global provider of spatial information management (SIM) software, today announced that it has acquired Alias Ltd., a leading global provider of piping design automation software, based outside of Manchester, England. Alias (www.alias.ltd.uk) provides piping software automation solutions, including the popular ISOGEN® product, to Intergraph and other vendors of 3D design software. Terms of the transaction were not disclosed.
“The acquisition of Alias is consistent with our Strategic Plan to allocate capital and focus resources on our core industries where we believe Intergraph has differentiated capabilities,” said R. Halsey Wise, Intergraph President and CEO. “Alias provides our Process, Power & Marine division a complementary critical piping technology and enhanced expertise in deliverables automation that will allow Intergraph to continue delivering the productivity improvements that our customers desire and deserve.”
Alias’ flagship product, ISOGEN, provides automatic piping isometric drawing generation capability to the majority of 3D plant design and shipbuilding software users. ISOGEN is the recognized leading system in automated production of high-quality piping isometrics. In addition, Alias’ products I-Sketch for the individual generation of isometrics and SPOOLGEN for the generation of fabrication spool drawings are the leading solutions in their domains. I-Route, a promising new product, provides the ability to automatically route pipes within a 3D model based on cost optimization techniques. Alias has been a successful Intergraph OEM partner since 1993. The partnership began with ISOGEN, which is sold extensively with both SmartPlant 3D and PDS, and expanded with sales of I-Sketch, SPOOLGEN® and I-Route.
"The Alias acquisition is the positive culmination of a long-standing partnership between our two companies, and we believe there are many natural synergies in combining the two organizations,” said Gerhard Sallinger, President of Intergraph’s Process, Power & Marine Division. “We remain committed to the advancement of the Alias product portfolio and will continue to provide Alias’s high-level of support to both their customers and OEM partners. Intergraph, Alias, its partners and, most important, its customers will benefit from this acquisition. It further illustrates our mission to grow our business and extend the value proposition of our product offering through internal development, partnerships and selected acquisitions.”
"We are truly excited to be joining Intergraph after many years of successful partnership between the two companies,” said David Lott, Managing Director of Alias. “We believe our customers and OEM partners will benefit from Intergraph’s global support and product development efforts. To combine with the leading provider of solutions for the plant design and shipbuilding industries gives our employees the good feeling of joining a winning team.”
Intergraph Corporation (NASDAQ: INGR) is the leading global provider of spatial information management (SIM) software. Security organizations, businesses and governments in more than 60 countries rely on the company's spatial technology and services to make better and faster operational decisions. Intergraph's customers organize vast amounts of complex data into understandable visual representations, creating intelligent maps, managing assets, building and operating better plants and ships, and protecting critical infrastructure and millions of people around the world. For more information, visit www.intergraph.com.
About Alias Ltd.Founded in the UK in 1990, Alias is the world leader in the field of automatic piping isometric generation. As developers of ISOGEN, virtually all automated piping isometric drawings produced daily are generated using Alias technology. Through a combination of internal product development and strategic partnering with other software developers, owner/operators and EPCs, and feedback from end users, Alias now offers a comprehensive range of piping solutions across the entire plant lifecycle. Its fully integrated suite of piping software applications helps users design, document, fabricate and maintain their piping systems. For more information about Alias, visit www.alias.ltd.uk.
Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (all statements other than those made solely with respect to historical fact) within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to known and unknown risks and uncertainties (some of which are beyond the Company's control) that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, potential adverse outcomes in our efforts to improve our operating performance (including uncertainties with respect to the timing and magnitude of any expected improvements); potential adverse outcomes or consequences associated with the Company's organizational realignment; potential obsolescence of the Company’s intellectual property, exhaustion of the Company’s intellectual property rights, and changes in the market value of licensed products; expected costs to settle the Company’s Accelerated Stock Buyback; potential adverse effects from our efforts to protect our intellectual property, or other potential litigation or patent enforcement efforts; the ability, timing, and costs (including the calculation of success and other fees) to enforce and protect the Company's intellectual property rights; material changes with respect to our business, litigation, or the securities markets (including the market for Intergraph common stock and any adjustments relating to the Accelerated Stock Buyback); risks associated with doing business internationally (including foreign currency fluctuations and export controls); worldwide political and economic conditions and changes; increased competition; rapid technological change; unanticipated changes in customer requirements; ability to attract or retain key personnel; the ability to access or deliver the technology necessary to compete in the markets served; risks associated with various ongoing litigation proceedings; and other risks detailed in our press releases or in our annual, quarterly, or other filings with the Securities and Exchange Commission. The Company undertakes no obligation to make any revision to any forward-looking statement or to update any such statement to reflect events or circumstances occurring after the date thereof.
© 2006 Intergraph Corporation. All rights reserved. Intergraph and the Intergraph logo are trademarks or registered trademarks of Intergraph Corporation or its subsidiaries in the United States and in other countries. Other brands and product names are trademarks of their respective owners. Software and services prices, availability, functions, features and specifications subject to change without notice and are subject to United States export control laws and regulations. This news release contains forward-looking statements regarding future events subject to certain risks and uncertainties of Intergraph Corporation which are discussed in the company’s Form 10K filed with the SEC. Copies available upon request to Shareholder Relations, Intergraph Corporation, Huntsville, Ala. 35894 USA.