DOWNERS GROVE, Ill. -- Dover announced that it has completed the acquisition of CDS Visual, Inc., which will become an operating company within Dover's Engineered Products segment.
Founded in 2005 and based in San Jose, California, CDS Visual is a provider of software as a service ("SaaS") 3D visualization solutions tailored for industrial applications and counts blue-chip industrial manufacturers and distributors among its customers. CDS Visual's software is built upon proprietary differentiated technology that enables "live" 3D configuration, 360-degree photorealistic product imagery, augmented reality functionality, and production-ready CAD images. CDS Visual's solutions streamline commercial workflows among manufacturers, distributors and customers, and create a superior and efficient digital customer experience, ultimately driving improved customer engagement and retention, higher sales and lower commercial and engineering costs. CDS Visual's solutions are primarily used in eCommerce and Configure-Price-Quote applications, which are relatively underpenetrated in industrial manufacturing as compared to consumer markets, and are expected to grow as industrial producers, distributors and customers adopt modern digital solutions to improve their engineering and commercial processes.
"As we continue to expand our digital capabilities, I am extremely pleased to welcome the talented team at CDS Visual," said Girish Juneja, Senior Vice President and Chief Digital Officer of Dover. "CDS Visual's innovative solutions, including a SaaS visualization platform, complement Dover's expanding portfolio of digital sales and marketing capabilities. Several of Dover's operating companies have adopted CDS Visual's solutions to enhance their customer-facing digital capabilities, and we were impressed with the impact on customer satisfaction, ease-of-doing business and sales and engineering effectiveness. We plan to deploy CDS Visual's solutions across the Dover portfolio and our distribution network and also have ambitious plans to drive growth in the thriving industrial 3D visualization market."
Terms of the transaction were not disclosed.