Geometric soars on expanding strategic partnership with Anark Corporation

11 Sep 2013

Geometric is currently trading at Rs. 79.60, up by 2.55 points or 3.31% from its previous closing of Rs. 77.05 on the BSE.

The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 80.00 and Rs. 77.35 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 125.50 on 08-Oct-2012 and a 52 week low of Rs. 61.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 79.50 and Rs. 74.20 respectively. The current market cap of the company is Rs. 503 crore.

The promoters holding in the company stood at 37.17%, while Institutions and Non-Institutions held 2.90% and 59.94% respectively.

Geometric, a leader in Product Lifecycle Management (PLM), Global Engineering Services and Intellectual property led solutions, and Anark Corporation, a leading provider of automated 3D CAD visualization solutions, has announced the expansion of their strategic partnership with an equity investment by Geometric’s wholly owned subsidiary, Geometric Americas, Inc.

The agreement will further extend the companies’ capabilities to deliver a world class Model Based Enterprise (MBE) authoring and publishing solution, Anark Core MBEWeb, which is powered by Geometric’s Glovius, an easy to use and customizable viewer application that enables downstream users to view high fidelity 3D data from anywhere, anytime.

The companies plan to expand their global sales and marketing collaboration and jointly target enterprise manufacturers within the aerospace, defense, automotive and industrial sectors. This will be achieved through development of a joint product roadmap that will focus on market needs and deliver a highly effective and cost efficient solution for publishing and consumption of 3D documents by users in manufacturing, inspection, and purchasing.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323