ESPRITWeb Article #1012, DP Technology announces strategic merger

ESPRITWeb Article 
  _____  

ID:	 1012	
Date	 29-Nov-2005	
Distribution	 Public	
Title	 DP Technology announces strategic merger 	
Summary	 ESPRIT and Auton merge through the cash acquisition of Auton
s.r.l.

Characterized as the Merging of Italian Design with American Technology,
this merger provides significant, immediate and long-term opportunities
for Auton and ESPRIT customers, employees, resellers and partners. These
opportunities are magnified by the strategic nature of the merger, the
companies’ complementary technology and distribution, and by a common
culture—a shared vision and collective passion for excellence.	
  _____  


Auton is the leading developer and supplier of CAM software for mold and
model making within Italy. Over the last twelve years, the company has
accumulated extensive expertise and built comprehensive technology
within the areas of 3-axis, 5-axis and high-speed machining. The Auton
CAM system provides automated, easy-to-use, robust and powerful 3-axis
and 5-axis machining cycles. Utilizing knowledge of in-process stock,
remaining material, and integrated simulation and verification Auton
delivers fast, safe and reliable programming for a wide variety of 3D
machining applications.

Sales and support network enhanced worldwide

ESPRIT’s world-wide sales and support network will now have the
technical expertise and advanced machining capabilities of the Auton
3-axis, 5-axis and high-speed machining technology available to serve
its local markets. The Auton community will benefit from having the wire
EDM, advanced production and multitasking mill-turn machining technology
of ESPRIT available to them. DP’s regional offices in Europe, Asia and
America will coordinate the sales and support activities for both
products. The combined companies will move forward with all their
existing personnel and two separate products marketed under the same
brand name, ESPRIT. The products will retain their individual design,
focus and development teams while benefiting from the strength of one
world-wide brand identity. This strength will inspire greater confidence
and stronger commitment to each individual product. 

Merger creates climate for product innovation 

The three co-founders at Auton, Francesco Bandini, Marco D’Ancona and
Roberto Parigi, agree the development teams in Florence and Camarillo
have been dramatically strengthened as a result of this merger. They
expressed confidence the teams’ close collaboration to exchange ideas,
technology and business processes will greatly benefit each individual
product. Most significantly, as a result of the merger each Auton
co-founder personally anticipates a return to increased involvement in
product research and development. 

“With this Merging of Italian Design with American Technology DP
Technology reinforces its commitment to CNC programmers to provide them
with the most powerful CAM software ever,” said Dan Frayssinet, DP
Technology’s chief executive officer. “This perfect, strategic merger
provides our customers, employees, resellers and partners with greater
opportunity, significantly more strength, and added security that their
choice of ESPRIT as their CAM system is The Right Choice!”





  _____  

 	FileName	Size	 	Date	#DLs	 	 	
	Auton release_RGB.tif	33,400		29-Nov-2005	0
download
<http://www.dptechnology.com/ew/tbs/tbfd.asp?ID=1012&FID=2898&Action=Dow
nload> 		
	Autonrelease_CMYK.tif	133,600		29-Nov-2005	0
download
<http://www.dptechnology.com/ew/tbs/tbfd.asp?ID=1012&FID=2899&Action=Dow
nload> 		
	DP_Auton_Press_Release_World_Wide_en_Final.doc	102,400
29-Nov-2005	0	download
<http://www.dptechnology.com/ew/tbs/tbfd.asp?ID=1012&FID=2896&Action=Dow
nload> 		
	DP_Auton_Press_Release_World_Wide_en_Final.pdf	47,720
29-Nov-2005	1	download
<http://www.dptechnology.com/ew/tbs/tbfd.asp?ID=1012&FID=2897&Action=Dow
nload> 		
  _____  

 © Copyright 2000-2004, DP Technology Corp.  All Rights Reserved.
Private and Confidential
esprit@dptechnology.com  
Phone: +1 805 388 6000  Fax: +1 805 388 3085