SigmaTEK Systems, LLC
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SigmaTEK Systems, LLC - overview
Established
1993
Location
Cincinnati, OH, US
Primary Industry
Software
About
SigmaTEK Systems, LLC specializes in providing advanced CAD/CAM software solutions to streamline manufacturing processes, focusing on optimization through effective nesting and numerical control capabilities. Founded in 1993 and headquartered in Cincinnati, US, SigmaTEK Systems, LLC develops software solutions for the manufacturing industry. In November 2020, SigmaTEK, Cimatron Ltd, and Gibbs and Associates merged to form Cambrio, expanding their market presence. The company has completed two notable deals since its inception.
SigmaNEST, the core offering of SigmaTEK, is a CAD/CAM software suite tailored for the manufacturing sector. It enhances fabrication efficiency through optimized nesting and NC capabilities. The software manages workflows, production scheduling, part tracking, and quality control, catering to diverse materials and processes, including sheet, coil, and tube cutting. SigmaNEST is widely utilized across over 40,000 installations globally, serving clients in metal fabrication, automotive, and aerospace industries, particularly in North America, Europe, and Asia-Pacific.
SigmaTEK operates on a subscription-based revenue model for its software solutions, allowing businesses to access continuous updates and support through annual or multi-year agreements. The pricing is structured to accommodate various business sizes, with provisions for individual users and larger enterprises. Transactions primarily occur between SigmaTEK and its B2B clients, such as manufacturers and fabricators who depend on their software for enhanced production efficiency. The merger in November 2020 is key to SigmaTEK's strategy for future growth, enabling the combined entity to enhance its global market presence.
As part of this strategy, the company aims to explore new product offerings and expand into international markets, further strengthening its operational capabilities. The rationale behind the merger, which includes SigmaTEK, is to leverage synergies to bolster market penetration.
Current Investors
Cambrio
Primary Industry
Software
Sub Industries
Engineering Software
Website
www.sigmanest.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
SigmaTEK Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Cimatron Ltd., Gibbs and Associates, SigmaTEK Systems, LLC | - | ||||||||
| Buyout | Completed | SigmaTEK Systems, LLC | - |
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