Vero Software - Acquisitions and Capital Funds

Acquisitions and Capital Funds

  • May 2000 - acquired an Italian software company formerly known as Tecnocam for $349k plus shares.
  • March 2001 - acquired the Electronic Data Interchange, a division of the South Wales based Ubiquity Software Corporation used for the secure transfer of automotive CAD/CAM data for $361k.
  • May 2001 - November 2003 - raised up to €4.2million from a Eureka development grant Accordingly the Company recognized $680k due to the Eureka grant and other Italian grant awards as development cost savings in the 2002 accounts.
  • May 2002 - Raised $4.6m from the stock market.
  • July 2002 - took over its US subsidiary for the assumption of $355k in debt and forgiveness of another $259k of debt.
  • August 2002 - sold its office in Prague for $33k.
  • September 2002 - acquired machining STRATEGIST and the majority of the programming team from NC Graphics for £1m cash plus shares.
  • May 2003 - Received £143k from the South West Regional Development Agency.
  • December 2006 - acquired Camtek, a nearby CAM software supplier.

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