The vendor that analysts say has the largest market share in supplying engineering software to the process plant industry has acquired a 25-year-old company with the most widely used pipe-stress analysis software, as well as a suite of 3D design tools for small-plant and project design.
Huntsville, Ala.-based Intergraph closed the deal on Jan. 4 to purchase Houston-based COADE Holdings Inc., according to Patrick Holcomb, executive vice president of global business development in Intergraph’s process, power and marine division. COADE sold a majority stake of the firm in 2007 to Insight Venture Partners. No financial terms were disclosed. Intergraph was taken private in 2006.