Croydon, Australia – PowerCad Software, an innovative provider of electrical engineering design software for the Australian industry, has been acquired by JDM Technology Group, a prominent global software business. The transaction, which received approval from owners Adrian and Lorraine Newman, was finalised on Friday, June 30, 2023.
Established in 1991 by Adrian and Lorraine Newman, PowerCad is widely recognised for its exceptional electrical engineering design software and services tailored to the Australian market. Their robust software solutions enable building contractors, engineers, and manufacturers to efficiently design integrated electrical systems, resulting in increased profitability and business growth.
Adrian Newman, owner of PowerCad, expressed his thoughts on the transaction, stating, “Our business was built on relationships and a strong commitment to helping our customers. Joining a family business that prioritizes long-term growth and values its people felt like the right decision.”
JDM Technology Group, known for its position as a leading global supplier of enterprise software for the construction industry and built environment, brings extensive industry expertise and a global development team to the table. The company is distinguished by its people-centric approach and commitment to never “end of life” its software.
PowerCad will now be part of JDM’s Australian group of specialist software solutions, alongside Spearhead and CavSoft. Phil Johnstone will assume the role of Managing Director of PowerCad, responsible for overseeing day-to-day operations, while Adrian Newman will provide support during the transition period.
JDM CEO Jim McFarlane expressed his enthusiasm for the future, stating, “We are pleased to embark on the next chapter of PowerCad’s story. PowerCad aligns seamlessly with JDM, and we eagerly anticipate working with the PowerCad team to uphold their longstanding tradition of innovation and integrity.”
About PowerCad Software
PowerCad Software, established in 1991, is a premier provider of electrical engineering design software and support services in the Australian industry. Their innovative and robust software products empower building contractors, electrical engineers, and manufacturers to enhance efficiency and foster business growth.
About JDM Technology Group
JDM Technology Group is a global software business dedicated to delivering B2B software systems for the architecture, engineering, construction, and operations industries. With over 180,000 users served in 40 countries across 7 continents and employing over 575 staff, JDM Technology Group is committed to providing exceptional customer support and service while offering the best possible solutions. The group includes CavSoft, CSSP, CostCon, LEVESYS, Nimbus, Plusfactor, PowerCad, and Spearhead Software in Australia and New Zealand; AerieHub, AllMax Software, Builder Software Tools, Computer Guidance Corporation, ConEst Software, Deneb Software, Explorer Software, EPAC, IndustrySmarts, JOBPOWER, Maestro Technologies, MicroMain Corporation, Mobile-Punch, MPulse Software, TeamWORKS, and Vision InfoSoft in North America; as well as Estimate, Integrity, RedSkyIT, Rendra, and Safran in the UK, Europe, and the Middle East.