Optitex is a well-know global service provider of holistic 3D software solutions, catering to the fashion, automotive industries. In mid-April, it has been acquired by FOG, a multinational software group that is a prominent division of the Constellation Software Inclusive, based in Toronto, Canada.
Strengthening innovation
The independence of operations, strategy design, and policy implementation of Optitex will remain intact. The brand will continue with its goodwill and carry on meeting specific requirements of its exclusive end users. The process of innovation and creating better solutions for the industry will continue as before, supporting a huge customer base worldwide.
Improved software solutions
Experts are opining that Optitex will gain considerable value by resourcing robust strategic support of Constellation. It is touted to help Optitex expand its business and acquire new customers in unchartered territories. Creating an improved suite of software solutions for integrated 3-D products is also on the cards.
Sharper product development
The product development of Optitex will surely get the necessary impetus to receive stronger recognition internationally. Moreover, there will be a significant value addition in terms of business practices. A spurt in technology applications is expected from the company. The blending of long term visions of Constellation and Optitex will enhance business.
Business stability
Business stability is mandatory in order to keep a permanent mark in the industry. The financial strength of Constellation is considered to become an instrumental factor in increasing the prospects of the growth plan of Optitex. The acquisition is viewed as a crucial step to strengthen the commercial objectives of both Constellation and Optitex.
Networking opportunities
For increasing the customer base on a constant basis, it is crucial to utilize networking opportunities and related dynamics in an optimal manner. Optitex is jubilant to come under the umbrella of Constellation as it can now tap the potential of networking scope that Constellation would supply.
Tackling prevalent bottlenecks
FOG has high hopes from the acquisition. It is their first venture in the 3D fashion apparel industry. They are predicting that the industry will rapidly expand in the coming days, tackling all bottlenecks that COVID-19 is creating. Constellation considers the investment to be extremely profitable in the long run.
Cost-effective
The acquisition is also said to make the business operations of Optitex more cost-effective. It is true that Optitex will operate independently, but it will regularly receive important inputs from FOG and Constellation about fine-tuning the solutions that they make. This will undoubtedly improve the productivity level.
Business will grow
The 3D software applications in the apparel industry are said to become one of the deciding factors for its growth. Brands will become popular and able to grab more market share on the basis of 3D concepts in the near future. Constellation is eyeing this opportunity and seriously making moves that will benefit it in terms of revenue streams.
Future is bright
Constellation plans to acquire more companies in the industry in order to keep the momentum of its growth. On the other hand, Optitex, with a fresh leash of energy, is counting big on accomplishing more illustrious projects.
