Solido doubling size to meet demand from world's largest tech companies
SASKATOON, June 25, 2015 /CNW/ - Solido Design Automation, a leading provider of software to the world's largest technology companies enabling the creation of electronic devices, today announced a major expansion of its Canadian software offices at Innovation Place in Saskatoon. Solido is hiring to meet worldwide customer demand for its products.
Solido software enables the creation of electronic devices like smartphones, smartwatches, tablets, laptops, PCs, and televisions. They have a worldwide customer base of top technology companies in North America, Europe, and Asia.
Founded in 2005, Solido received investment from Golden Opportunities Fund, BDC Capital, and the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) to develop innovative technology for the creation of electronic devices. Solido has established itself as a market-leading technology company, and has grown to become a major employer of new graduate and experienced engineers and computer scientists.
Amit Gupta, Solido's co-founder, president and CEO, and experienced technology entrepreneur, believes Saskatoon provides unique advantages for technology startups. "We are excited to be growing our operations in Saskatoon and enabling with our software the next generation of ubiquitous electronic devices," said Amit Gupta. "Saskatoon has proven to have all the ingredients to start, build, and grow a market-leading technology company: experienced investors, excellent facilities, and top talent produced from a world-class university."
"On behalf of the over 28,000 shareholders of Golden Opportunities Fund, the most active venture capital fund in Saskatchewan's innovation economy, we are very proud of what Solido's team in Saskatoon has achieved - developing patented, world-class software in demand from some of the largest electronics companies around the globe," said Tyler Bradley, Vice-President of Westcap Mgt. Ltd. "This expansion will offer more exciting career opportunities for Saskatchewan engineers and computer scientists, and we are excited about the impact of this expansion to Golden Opportunities Fund as a shareholder in the company."
Phil Anzarut, Partner at BDC Capital, said, "We're in the business of growing Canadian companies so that they can—as Solido clearly has in Saskatoon—have a positive economic impact on their communities," said Phil Anzarut, Partner, BDC Capital. "We're pleased to continue our long-standing support as the company takes these critical next steps in their growth."
Solido's offices are located in the Concourse building at Innovation Place. Innovation Place supports and facilitates the advancement and success of Saskatchewan's technology sector through development and operation of technology parks in Saskatoon and Regina. Widely recognized as one of the top 10 research facilities in the world, Innovation Place is one of North America's most successful university-related technology parks.
"Innovation Place provides high-quality facilities and a dynamic social atmosphere that creates a welcoming and supportive community for technology companies," Innovation Place president and CEO Van Isman said. "Solido started their business here at Innovation Place ten years ago, so we are excited to see their continued growth and success."
About Solido Design Automation
Solido Design Automation Inc. is a leading provider of software to technology companies worldwide enabling the creation of electronic devices including smartphones, smartwatches, tablets, laptops, PCs and televisions. Solido is achieving rapid revenue and profit growth. The privately held company is venture capital funded and has offices in Canada, USA, Asia and Europe. For further information, visit www.solidodesign.com, call 306-382-4100.
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SOURCE Solido Design Automation
Image with caption: "Solido Design Automation (CNW Group/Solido Design Automation)". Image available at: http://photos.newswire.ca/images/download/20150625_C9827_PHOTO_EN_43734.jpg
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