Cranes Software International Ltd

Cranes Software International Ltd (512093)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-6.91 %
3 Month Return17.45 %
1 Year Return10.41 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 4
Rank 70
Rank 217
Dividend Yield
Rank 70
Rank 204
Price To Book Ratio
Rank 149
Debt To Asset
Rank 16

Company Information

Cranes Software International Ltd is a company that provides Enterprise Statistical Analytics and Engineering Simulation Software Products and Solutions across the globe. They offer a range of proprietary products such as SYSTAT SigmaPlot SigmaStat SigmaScan TableCurve 2D TableCurve 3D PeakFit NISA XID XIP Survey ASYST iCapella InventX and worldrenowned products from reputed principals such as Engineering Technology Associates Livermore Software Technology Corporation The Mathworks Texas Instruments and IBM. They are having their presence in 39 countries across the world.Cranes Software International Ltd was cofounded by Mr. Asif Khader and Mr. Mukarram Jan in the year 1991. The company started as a distributor of antivirus software in Bangalore. In the year 1993 they acquired distribution rights for MATLAB in the Indian Subcontinent. In the year 1998 the company decided to start a training division and Cranes Varsity was formed to provide postprofessional technical training in niche domains such as digital signal processing DSP real time embedded systems RTES and mathematical modeling for the academic and corporate sectors. In the year 2000 the company forayed into software IPR with the acquisition of U.S.based AISN Softwares range of visualization software products TableCurve 2D Table Curve 3D and PeakFit. Elder Commercials Ltd was amalgamated with the company with effect from October 1 2000. In the year 2001 they acquired SYSTAT from SPSS Inc and also incorporated a fully owned US Subsidiary in Richmond California.During the 200102 the company entered into an agreement with Metaware Inc for distributing their products namely compilers and debuggers for embedded processors. They established RD center in Bangalore to develop product upgrades and conduct research in new technologies.During the year 200203 the company formed a subsubsidiary Systat Software UK Ltd a subsidiary of wholly owned subsidiary Systat Software Inc US in London for their Europe operations. Also Systat Software Asia Pacific Ltd became a wholly owned subsidiary of the company. During the year 200403 the company incorporated two subsidiaries namely Systat Software GmbH in Germany and Cranes Software International Pte Ltd in Singapore.In April 2005 the company acquired the entire shareholding of EMRC Engineering Mechanics Research India Pvt. Ltd with effect from January 1 2005. Also they acquired the US operations of EMRC for their holding company. For this purpose a new subsidiary with the name NISA Software Inc was incorporated in the USA. During the year the company entered into a Joint Venture with the Kanoo Group in Dubai UAE inter alia for distribution of the companys products in the Middle East.During the year 200506 the company together with their subsidiary Systat Software Inc. USA jointly acquired the Intellectual Property Rights in and to InventX ePM along with the ongoing business of InventX Inc. USA for an amount of about USD 3.50 million. They also acquired selected businesses and marketing relationships and commercial rights of Karna Softek India Pvt Ltd. at a consideration of Rs. 42 million in cash.During the year 200607 the company acquired the automotive electronics solution provider Tilak AutoTech Pvt Ltd to strengthen its presence in embedded software and controls solutions space for the automotive vertical. They also acquired Dunn Solutions Group Inc. USA through Cranes Software Inc USA to expand their horizon into business intelligence transactional solutions and knowledge management consulting. The company entered into an agreement with Engineering Technology Associates ETA to distribute and support ETAs DYNAFORM and VPG products across India. Also they signed and MOU with Structural Engineering Research Centre SERC to codevelop products for the scientific and engineering community in India.During the year 200708 the company acquired the entire shareholdings of Proland Softwares Pvt Ltd and Caravel Info Systems Pvt Ltd. They also acquired Engineering Technology Associates Inc USA along with their subsidiary in China through Cranes Software Inc USA. The company entered into an agreement with Fractal Analytics to develop Predicta which is a sophisticated model and scorecard development application with domain specific knowledge and analytical process embedded in it.The company launched NISA DesignStudio a civil engineering software for individual structural design consultants. In December 2007 the company launched the 64bit NISA version 15.5 on Microsoft Windows. This version is targeted towards the enterprise customers enabling them to solve large size problems. They also released NISA version 15.0 for the LINUX community. In September 2008 the company proposed to acquire Cubeware GmbH through their wholly owned German Subsidiary Systat Gmbh for a consideration of Euro 18000000.
OrganisationCranes Software International Ltd
IndustryIT - Software

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