Topcon Corporation, a leader in positioning instruments for survey and construction, has, through its American subsidiary, acquired all the outstanding shares of ClearEdge3D, Inc., a recognized technology leader in the engineering and construction software industry.
ClearEdge3D's 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 Topcon's leadership in the survey and precision instrument market will make for a very powerful combination."
"We're excited to join the Topcon family," said Kevin Williams, founder and CTO of ClearEdge3D. "It's 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.
"We've 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.
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