Acquisition combines the market-dominant EdgeWise and Verity software suites with a world leader in positioning hardware
Tokyo, Japan February 20, 2018 Topcon Corporation, a world leader in positioning instruments for survey and construction, through its American subsidiary, has acquired all the outstanding shares of ClearEdge3D, Inc., a recognized technology leader in the engineering and construction software industry.
ClearEdge3Ds EdgeWise software dramatically speeds as-built modeling workflows by utilizing automated feature extraction algorithms and other patented technologies. Its Verity construction verification software compares laser scan point cloud data of recently completed construction work against design or fabrication models, flagging out-of-tolerance or poorly installed elements. Terms for the deal were not announced.
ClearEdge3D has established itself as the frontrunner in applying computer vision, object recognition and other advanced technologies to solve major problems in the AEC industry, said Satoshi Hirano, president and CEO of Topcon. Their technological prowess combined with Topcons leadership in the survey and precision instrument market will make for a very powerful combination.
Were excited to join the Topcon family, said Kevin Williams, founder and CTO of ClearEdge3D. Its a great opportunity to combine the EdgeWise and Verity software platforms with the Topcon sales and financial resources to better serve all of our customers.
Weve spent the last few months with the Topcon technical team harmonizing and honing our joint product roadmap. We are thrilled to be bringing these technological advances to the AEC industry as part of the Topcon team, said Williams.
About Topcon Corporation
Topcon Corporation is headquartered in Tokyo Japan (topcon.co.jp). The companys main operations are divided into three segments: Smart Infrastructure, Positioning and Eye Care. Its brands include Topcon, Sokkia, Tierra, Digi-Star, RDS Technology, and NORAC. Topcon Corporation (topcon.co.jp), founded in 1932, is traded on the Tokyo Stock Exchange (7732).
ClearEdge3D is a global technology leader in the Architectural/Engineering/Construction (AEC) industry, offering advanced software solutions that help firms model existing conditions and verify that recently completed work has been constructed correctly. The companys EdgeWise software dramatically speeds labor-intensive 3D modeling workflows by utilizing advanced automated feature extraction and assistive modeling technology. Its Verity construction verification software compares point cloud data of recently completed work against a design or fabrication model, flagging any out-of-tolerance or poorly installed elements. For more information, please visit www.clearedge3d.com.