BURLINGTON, Canada, Jan 7, 2015 – Forming Technologies Inc. (FTI), the world’s leading developer of software for the design, simulation, and costing of sheet metal components, today announces that it has acquired Rand Technologies Japan and created a new company, FTI Rand Japan KK. The company will be located in Tokyo, Japan.
“FTI is very proud to announce our joint partnership with Rand Technologies,” states Michael Gallagher, VP sales and marketing of Forming Technologies Inc. “Rand Technologies and FTI have similar core values and corporate philosophies and an underlying desire to bring value to the bottom line for our customers. The synergy between us will enable our customers to become more efficient, optimize their costs and ultimately accelerate their design-to-manufacture time.”
Maburatani-san, president of FTI Rand Japan states: “We are very excited to join forces with Forming Technologies and become part of a leading global technology company for the design, simulation and costing of sheet metal components. We share similar value systems with respect to customer and employee satisfaction and by combining both companies to form FTI Rand Japan, we will expand our portfolio with enhanced technical and cost\cost reduction solutions that will service our current and future customers extremely well.”
Adds Gallagher, “Our new subsidiary, FTI Rand Japan, will continue to bring world-class technology to our customers and demonstrates our commitment to Japan and our long-term objective of organic growth with strategic partnerships and acquisitions where it makes sense. Rand Technologies is an excellent sales, service, and support group led by Maburatani-san. They will support our growth initiatives with continuation of support to our local clients and Channel partners throughout Japan.”
About Forming Technologies
Forming Technologies Inc. (FTI) is the world’s leading developer of computer aided engineering software for design, and simulation of sheet metal components. Since 1989, FTI has provided OEMs and suppliers in the automotive, aerospace, and appliance industries with innovative software and training solutions designed to reduce development time and material costs. FTI has trained over 15,000 engineers in Formability and Die Design and is considered the Best in Class around the world for their industry training programs. FTI and it’s global network of business partners provide sales and technical support to customers in more than 35 countries. For more information, please visit the company’s website www.forming.com.