CIMdata PLM Industry Summary Online Archive
7 August 2007
Financial News
HitachiSoft Invests in Lattice Technology
Lattice Technology, Inc., developers of the XVL ultra-compressed 3D data format, announced a significant investment from Hitachi Software Engineering Co.Ltd., HitachiSoft has acquired 800 shares (9.85%) of Lattice Technology. The company becomes the 2nd largest stockholder next to Toyota Motor Corporation.
Lattice's lightweight 3D data, XVL has spread throughout the global automobile, aerospace, electrical machinery and defense manufacturing industries with customers like Toyota Motor Corporation, Boeing, MAN, Phillips and Nikon Corporation. Lattice Technology's ultra compressed XVL format provides memory efficiency and display speed. The spread of highly accurate 3D data with XVL has led to an increasing demand for data security, which led to Lattice and HitachiSoft cooperating to develop solutions for 3D data security.
This cooperation will be further strengthened by the investment. HitachiSoft recently released XVLstaff and Lattice Technology will add improved security features to XVL Studio Version 7.0 to be released this summer. These tools developed using the rich rights management environment of Adobe LiveCycle Rights Management, allow granular control of access rights to 3D data for internal and external data sharing, including the revision control and expiration of distributed data, as well as logging of unauthorized access attempts.
"This investment further strengthens Lattice Technology and ensures that we can continue to develop industry leading software to meet the evolving 3D data needs of our customers," said Bill Barnes, General Manager, Lattice Technology, Inc. "This is an exciting time to be in this market and having partners like HitachiSoft will mean that we can continue to grow both our products and our company."
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