History
CAS.CADE (abbreviated from Computer Aided Software for Computer Aided Design and Engineering) was originally developed in the early 90s by Matra Datavision, editor of Euclid CAD software as the underlying infrastructure for its future version Euclid Quantum.
However, in 1998 the company abandoned software development to concentrate on services, and most of the software development facilities were sold to Dassault Systemes, editor of competing CATIA. Next year Matra Datavision decided to publish its CAS.CADE infrastructure under an Open Source model and renamed it Open CASCADE.
In 2000 a separate company OPEN CASCADE SAS was created to make business around Open CASCADE. OPEN CASCADE SAS was sold in 2003 to Principia, a French Service Provider corporation, and then in 2006 it was acquired by Euriware Group, a subsidiary of AREVA.
In 2004, software was renamed to Open CASCADE Technology (abbreviated as OCCT) in order to distinguish it from the name of the company itself.
Read more about this topic: Open CASCADE Technology
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