Posts Tagged ‘Global’

Global software firm sets sights on growth

October 29th, 2014

A GLOBAL software company, which counts Siemens, Apple and Samsung among its clients, is set to double turnover and expand its offering, as it makes bold steps into new markets.

Sheffield-based Lightworks Design was launched 25 years ago and provides software that takes a 3D computer model and produces photo-realistic images as part of the product design process. End users include car designers, architects and kitchen designers.

Lightworks, backed by Mobeus Equity Partners, has a turnover of £2.5m, but in the next three years, chief executive officer David Forrester says that doubling this figure is completely “doable” as well as employing another ten to 12 staff.

“We are looking for that growth plan now,” he said.

“Once the market see’s what’s possible, there are lots of opportunities. We already see these. The manufacturing processes have changed so much – you can have something manufactured the way you want it and our software sits perfectly with these advances.”

Forrester said organic growth is the way to go for the company at the moment.

“A lot of our growth is about getting the big organisations to buy into the vision and for us to be able to do things first. We are well located to be able to take advantage,” he said.

The company is currently working on plans to work with more businesses, such as jewellers, to use its software to produce photo-realistic images of the products, interactive content and images which can be navigated from every angle. This software would give customers the chance to choose the shape, style and colour of a ring using a computer screen in front of them. Lightworks is currently working with its first jewellery customer.

“From a retail perspective, this is captivating the audience there and then,” Forrester said.

“Kitchens, cars, watches, phones and jewellery are all big for us. This is where we see the growth of the business coming from.”

Lightworks has a team of 30 in Sheffield and one person based in North America.

Exports account for 90% of its business, with North America the firm’s biggest market, followed by Japan, Europe and then the UK. Forrester said he sees more opportunity in South Korea going forward.


Hyderabad to host global software engineering conference from May 31

May 6th, 2014

Hyderabad will host the annual International Conference on Software Engineering (ICSE) from May 31 to June 7, a first for the country. Previously, the conference was held in Asia in 2006 at host city Shanghai. The 36th edition of ICSE will address recent innovations, trends, experiences and challenges in the field of software engineering.

“Owing to the strong academia and industry presence in the city, Hyderabad was the destination of choice,” said Ramesh Loganathan, president of ITsAP, which is a conference partner along with NASSCOM.

The conference will involve the participation of around 1500 to 2000 delegates. It will include symposiums, demonstrations and workshops and will provide a platform for industry experts and researchers to network for innovation and collaboration. On the cards are industry tours for the participants to software majors in the city.

“We have 800 participants who have already registered with us so far including 150 companies,” said Pankaj Jalote, general chair of the conference organisation and director of Indraprastha Institute of Information Technology (IIIT) Delhi.

The international conference that brings together researchers, industry practitioners and academicians will be held in Firenze, Italy next year, followed by Austin, Texas the year after.


Global angel fund B-Hyves plans to back 6-8 software solution startups in India every year

January 14th, 2014

B-Hyves is a new early stage investor in town and is looking to invest and incubate ventures in business process software solutions and may invest in around half a dozen firms a year in the country, the managing partner of B-Hyves told

“We are looking to co-invest in software solution ideas or ventures which have domain expertise in segments like real estate, healthcare and life sciences, logistics and supply chain and human resources,” said Arun Kumbhat, managing partner of B-Hyves said.

The company would look at investing up to €0.5 million ($680,000 or Rs 4.2 crore) either in existing startups or incubate companies with entrepreneurs who have strong domain knowledge.

According to Kumbhat, while B-Hyves would prefer to co-invest in a company with an entrepreneur, which means incubating the venture, it would simultaneously look at investing in other existing firms.

According to Kumbhat, who has led ventures like pharmaceutical and medical supplies company Halley Medical Supplies and also been an advisor to international pharmaceutical companies and drug delivery technology startups like Medincell SA, B-Hyves will make six-eight investments in the country every year.

B-Hyves has already made a few investments in Europe and will also look at investing in the US. The holding company of B-Hyves is B-Op Trust AG, founded by German entrepreneur Stefan Seiler. Seiler is also founder of ZugSeil Group, a software solution company which started in 1994.


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