London, UK – November 15, 2011 – McLaren Software has today announced that its parent company, UK based Idox plc, has acquired CTSpace from the Sword Group to create the largest enterprise class engineering document management and control software company.

Under the McLaren Software brand the combined product portfolio provides on premise engineering document management and control applications, complemented by the FusionLive cloud based project collaboration solutions to owner operators and EPCs in asset intensive industries. Enterprise Engineer™ and FusionEnterprise are accredited by EMC®, IBM® and Oracle® reflecting the increasing industry support for specialist software companies creating applications for Enterprise Content Management (ECM) platforms.

Richard Kellett-Clarke, CEO of Idox plc, said:

"The Idox objective continues to be the creation of an organization to meet the specialized needs of the world's largest companies whose businesses are reliant on large operational assets. Idox have been delighted with McLaren's 25% revenue grown in its first ten months of ownership since its acquisition in December 2010 and continue to invest in this market as a key part of the group's growth strategy. With this acquisition McLaren now have the critical mass, expertise, geographical reach and financial backing to meet the most demanding of customer requirements.
As the world demand for energy, drug manufacturing and natural resources increases so do the regulatory and economic pressures to ensure the safe, environmentally sound and cost effect execution of major capital projects and asset operations. The expanded McLaren organization provides unequalled industry and technical expertise focused solely on the development and delivery of engineering document management and control solutions."
About

CTSpace, an Idox Company

 

CTSpace provides document management and collaboration workflow applications for the construction and engineering industry that help increase the safety, efficiency and reduce risks involved managing a plant or facility throughout its entire lifecycle.

Following the announcement by Idox plc on the 15th November CTSpace is in the process of merging with McLaren Software also an Idox Company to create the largest engineering document management and control solutions company in the market.

The combined McLaren Software and CTSpace´s solutions are used by leading Owner Operators (OO’s) and Engineering Procurement Construction (EPC) companies in asset intensive industries including Energy, Oil and Gas, Process Manufacturing, Life Sciences, Transportation, Utilities, Commercial Property and Government.                                   

Multi-language solutions are available as both Cloud solutions, stand alone and certified applications for leading ECM®platforms such as IBM®FileNet®P8, EMC®Documentum®, or Oracle®WebCenter with collaboration supported by Microsoft®SharePoint®.

The combined solutions are helping more than 200,000 professionals on over 13,000 capital projects and asset operations in 56 countries who benefit from faster project execution, turnaround, increased accountability and compliance, reduced risk and tangible cost savings.

All solutions are supported by a dedicated global team of consultants that understand that the success of any implementation is due not only to technology, implementation, product support and training, but also to the people and processes involved. To find out more, please visit www.ctspace.com.

About Idox plc

Idox plc is a supplier of software solutions and services to the UK public sector and increasingly to the wider corporate sector. It is the leading applications provider to local government for core functions relating to land, people and property, such as its market leading planning systems and election management software. Over 90% of UK local authorities are now customers.

The Group provides public sector organizations with tools to manage information and knowledge, documents and content, business processes and workflow as well as connecting directly with the citizen via the web.

 

These capabilities have been recently extended via the acquisition of McLaren Software and CTSpace into the related area of engineering document management and control applications, serving many leading international companies in industries such as oil & gas, mining, utilities, pharmaceuticals and transportation.

Idox also supplies decision support content and additional specialist services via the Idox Information Solutions business, as well as transforming approaches to knowledge and content management via consultancy and training in the UK and internationally. In addition, it provides these specialist skills to customers through its TFPL branded recruitment division. To find out more, please visit www.idoxgroup.com.

For any further information:

Follow us on Twitterat twitter.com/Idox_CTSpace

Media contacts: Angela Restani- Marketing Director, CTSpace

                                           Tel: (415)216-2334 - Email: angela.restani@ctspace.com