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
COMMENT ON THIS STORY
Find Related Content

Locations:

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

Latest News: Central regions
27 May '17 | Telecoms, media
23 May '17 | Energy, utilities | Technology & innovation
22 May '17 | Materials, extraction | Technology & innovation
 

Feature stories

17 May '17
Russian biologists and biophysicists are said to have...
21 Apr '17
6 Mar '17
Developing a photonic computer, a technology that...
Search (News archive - 21088)
Advertising
RB_Partners_Venture_Report2016
Advertising
Why Russians do not smile
Advertising
Nano & Giga Symposium
Advertising
UNN

Latest News

29 May '17
An intelligent cardiovascular diseases diagnostics...
27 May '17
Russia rose in a global ranking that assesses...
25 May '17
Russian scientists in partnership with their Korean...

Most read stories from last week

27 May '17
Russia rose in a global ranking that assesses...
29 May '17
An intelligent cardiovascular diseases diagnostics...