GeCAD Software
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GECAD Software was established in 1992 by Radu Georgescu as a Computer Aided Design (CAD) software development company. Over time, GECAD’s focus shifted from CAD software to security-related software, mainly antivirus software. Its most prominent product, Reliable Antivirus, or RAV, was first developed in 1994.[1] In 2003, after amassing over 10 million users in 60 countries worldwide, the technology was acquired by Microsoft.[2] In 2004, GECAD reshaped its entire business to be made up of several different companies.
[edit] Member companies
GECAD invests in companies with high growth potential with the ability to innovate and deliver new ideas and products in their markets. They have primarily focused on software and hi-tech companies, including security software, cloud technologies, Internet, eCommerce and electronic messaging.
"Since its inception in 1992, GECAD has backed a number of companies, most of them in the IT and software industry, with more than 10 million global customers and partners in 80 countries", says Radu Georgescu, Founder & Chairman.[citation needed]
GECAD has been investing in technology, e-commerce and internet start-up companies since 1992. Key investment criteria include a credible technology roadmap to support products that are innovative and have the potential for a global roll-out. GECAD builds strong strategic and working relationships with the management teams running the portfolio companies and supports them to achieve their objectives. GECAD leverages its international network of technology resources to transfer best practices and market knowledge. GECAD has successfully exited from two of its major investments: RAV Antivirus was acquired by Microsoft in 2003 and GECAD ePayment International by Allegro/Naspers in 2010.Strategic minority investors were also brought into Axigen and Avangate. Current investment portfolio comprises Avangate, Phoenix, Axigen, GECAD NET, ePayment and ROL Online Network.[3]
Phoenix, a spinoff from Axigen, is a cloud storage solution for migrating data and applications stored on a Public Cloud (Amazon S3) to the Private Cloud.
Axigen Established in 2001, GECAD Technologies SA, is the vendor of Axigen, an integrated email, calendaring and collaboration platform.
ePayment is provider of integrated eCommerce solution, leader on Romanian market[citation needed], of online payment systems. In 2010, the company was acquired by Allegro Group, part of the international media company Naspers. GECAD continues to hold a minority stake of 17% in the company.
GECAD NET is a company specialized in selling and implementing software solutions, offering adequate licensing options, integrated IT services and audit services for websites and web applications.
ROL Online Network ROL.ro, developed by the independent company ROL Online Network, was launched in 1998 as the first online web portal in Romania. ROL.ro is an extensive network of more than 40 websites, with specialized content - entertainment, news, business and eCommerce.
[edit] References
- ^ "GECAD Group - Former Investments". GECAD Group. http://www.gecad.com/former.html. Retrieved 2011-09-30.
- ^ "Microsoft to Acquire Antivirus Technology From GeCAD Software". Microsoft. 2003-06-10. http://www.microsoft.com/presspass/press/2003/jun03/06-10gecadpr.mspx. Retrieved 2011-09-30.
- ^ "GECAD Group - Current Portfolio". GECAD Group. http://www.gecad.com/cportfolio.html. Retrieved 2011-09-30.
[edit] External links
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