Neilsoft Acquires CADFORCE for AEC Outsourcing
 LOS
ANGELES, CA, October 27, 2008 -
CADFORCE, a leading Los Angeles-based AEC
outsourcing services company, today announced a transaction wherein it will
become an independent subsidiary of Neilsoft, a focused architectural and
engineering outsourcing services company with an international presence. The
combined group will have 900 employees worldwide. The move comes after the
CADFORCE board of directors and shareholders found the Neilsoft proposal to
be the most beneficial growth option for its customers, employees, and
shareholders. The Neilsoft proposal offers specific steps to achieve
CADFORCE’s goals of growth, expansion, and long-term stability along with
strategic operational synergies.
Mr. Robert W. Vanech, CADFORCE’s co-founder, commented, “Our aspiration
for CADFORCE to become a leader in the architectural outsourcing services
space gets a big boost with this transaction. I am happy that our
shareholders saw the merit in this proposal. Our team can now take on larger
projects while delivering greater value to our customers. Neilsoft’s
international presence, combined with our Los Angeles presence, also
strengthens our client servicing and hybrid model capabilities.”
Ms. Venetia Kontogouris, managing director of Trident Capital and
Neilsoft director, commented, “This is a very synergistic deal and will
provide both an enhanced services portfolio and a mature delivery capability
for CADFORCE. It will allow the CADFORCE team to expand beyond architectural
services, and to provide structural and MEP services. Neilsoft will also
bring its experience, tools, and methodology for quality management and work
migration planning to CADFORCE, which is a significant value-add.”
About CADFORCE
CADFORCE, now a wholly owned subsidiary of Neilsoft, is a provider of
outsourced architectural and engineering services to the AEC industry. It
uses a flexible and customer-specific project delivery approach backed by
world-class infrastructure, experienced architects and engineers, and
production facilities in Los Angeles, Chicago, Pune, Hubli, and Frankfurt.
CADFORCE provides a range of design and construction documents production
services on the Revit, AutoCAD, and MicroStation platforms. The firm also
has substantial experience in production of BIM models and Revit
modeling/library creation activities. CADFORCE has customers spread across
US and Canada and has domain expertise in healthcare, hospitality,
educational, office and other commercial buildings.
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