Central regions | Finance, business | Technology & innovation

New domestic BIM developer to challenge U.S. Autodesk in Russia

11 Nov '16
1C, a Russian developer of business and household software, and Ascon, a developer of engineering software, have invested in their joint venture called Renga Software. The JV is busy creating new software for 3D design of buildings, according to Ascon.

The partners are reported to be participating in the JV in equal shares. Ascon is contributing its intellectual property, specifically its rights for the Renga-branded software products, and a team of developers. 1C is expected to cover investment costs and provide resources for joint development, marketing and distribution.

Renga Software is working on building information modeling (BIM) software solutions for real estate development projects. It is reported to already have 15 commercial clients from among construction companies. In the Russian market, Renga Software is primarily competing with Autodesk, a U.S. software developer that cannot export its products to Russia because of the current sanctions.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: Ascon (1) / 1C (1) / Renga Software (0) /

Latest News: Central regions
24 Apr '17 | Materials, extraction | Technology & innovation
19 Apr '17 | Finance, business | Technology & innovation
18 Apr '17 | Technology & innovation
12 Apr '17 | Technology & innovation
12 Apr '17 | Technology & innovation

Feature stories

21 Apr '17
6 Mar '17
Developing a photonic computer, a technology that...
25 Jan '17
ScreenCardio-NN, an innovative company based in...
Search (News archive - 21071)
Why Russians do not smile
Nano & Giga Symposium

Latest News

24 Apr '17
Scientists at MISiS in Moscow have developed a fast...
21 Apr '17
A material almost identical to the human skin has...
20 Apr '17
In Tomsk, in Siberia, scientists are working on a new...

Most read stories from last week

24 Apr '17
Scientists at MISiS in Moscow have developed a fast...