October 25, 2022 · What's New

CEO Announcement - Siemens Acquires Radica Software

Dear Electra community,

I am excited to announce that Radica Software Sdn. Bhd. has been acquired by Siemens.

This is an important step for Radica that will help us reach more users faster and enhance our ability to deliver value and innovation to all our users at a much faster pace.

I want to assure you that our priorities remain with you, our customers. You can expect the same level of experience, support and responsiveness that you have come to expect from us. Our team remains unchanged, and will bring you an enhanced product roadmap as we become part of Siemens.

Siemens is a multinational global conglomerate and a leader in CAD software with unique digital and industrial technologies to offer mechanical, thermal, electrical, electronic and embedded software design capabilities on a single integrated platform.

Siemens' commitment to cloud based software and SaaS mirrors our vision to bring speed, efficiency and convenience to millions of SMBs in their digitalization process, improving their bottom lines and time to market. Therefore, I am excited to bring these synergies to our customers quickly, in the very near future.

Thank you for being our loyal customer, and I look forward to continuing together with you on this exciting new phase of our journey.

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AUTHOR

Thomas Yip

Founder at vecta.io, created Capital Electra, engineering nerd.

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