PHOENIX, AZ (PRWEB) February 8, 2007
TriStar, Inc. announced today it is acquiring Toronto-based engineering services and software provider ADI. The acquisition will expand TriStar's coverage into the Canadian market. Terms of the deal were not disclosed.
ADI is a proven leader in product lifecycle management (PLM) and adds a wealth of knowledge and expertise to TriStar, allowing for an expanded engineering consulting services division that will bring extensive value to their combined clients in addition to the expanded footprint in the Northeast and Canadian markets. The acquisition joins two of the top PTC Certified Training Partners, giving customers even more choices for training options and locations.
"I am excited about what this acquisition of ADI means to TriStar," says TriStar president Patrick Maderia. "The ADI team is an extension of the company culture we strive to build for our customers." Dave Wallace, president of ADI, elaborated more saying, "Our combined strengths are a very positive win for our customers. Combining the talents of our engineering groups and being acquired by someone with the financial strength that TriStar has will allow our sales team to bring more solutions to market."
The transaction is scheduled to be completed later this month. ADI's workforce will transition to a new order processes system once the acquisition is complete, but other than an expanded lineup of product offerings and a new company name, their customers will notice little change. Wallace will join TriStar as Vice President of Sales.
In 2006, TriStar extended its presence into Mexico, accelerating the growth of both PTC and the Mexican engineering industry. Now, the combination of TriStar, PTC's largest North American reseller, and ADI, the third largest reseller, will expand TriStar's presence in the eastern US and into Canada, giving the combined company a distinct advantage and solidifying its position as the leader in the PTC reseller channel. TriStar's goal is to serve as a "one-stop-shop" for the product development community, offering a complete and unified range of products and services necessary for success. By expanding its service area and offerings, TriStar's acquisition of ADI brings it closer to achieving this goal and reinforces its reputation of stability and reliability.
Since 1988, TriStar has been serving the CAD/CAM/CAE markets by providing high-performance workstation systems for the engineering environment. TriStar became a PTC Platinum Authorized Reseller in 2002, offering the full line of PTC software and certified training. Today, TriStar is PTC's leading provider in North America and offers a complete range of engineering products and services including award-winning workstations and servers, software, training, consulting, and professional staffing services.
ADI is the fastest growing independent technology provider to companies looking to optimize their product lifecycle management (PLM) processes. Unlike traditional CAD/CAM/CAE/PDM technologies, PLM provides collaborative solutions to define and manage information throughout the complete product lifecycle and across the entire extended enterprise. Founded in 1995, ADI is based in Toronto, Canada.