On October 9, 2012, 3D Systems (NYSE: DDD) completed the acquisition of Rapidform, a world leader in providing technology and services that unlock the power of 3D scanning. The company's Rapidform software, rebranded under the Geomagic name in May 2013, processes 3D scan data for a variety of uses, from manufacturing and quality control to medical treatment and archeology. Geomagic software is used by thousands of people every day for reverse engineering, verification and many other applications.
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. The company also provides CAD software and plugins, and affordable consumer create-and-make printers, apps and services. Its expertly integrated solutions replace and complement traditional methods and reduce the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, create, communicate, prototype or produce real parts, empowering customers to create and make with confidence.
Advances in digital imaging and optics have made 3D scanners important tools for many industries. There are hundreds of different scanning systems available that can digitize virtually any physical object. There are long-range laser scanners that digitize entire city blocks and desktop scanners that capture the details on a coin — there are even industrial CT systems that can see through an object and capture internal and external geometry.
There's just one problem: all 3D scanners create point clouds or dense polygon meshes, which have limited utility in most software.
Geomagic unlocks the power of 3D scanning by processing raw data from virtually any 3D scanner and delivering what our customers need — whether that's parametric CAD models, comprehensive inspection reports or any of the multitude of outputs Geomagic products support.
Today, 3D Systems is the innovation leader in 3D scanning software. We revolutionized the practice of reverse engineering with the release of Rapidform XOR (now called Geomagic Design X), and we have continued to lead the market as the only company that combines 3D scan data processing with real CAD capabilities. Geomagic Design X's reverse engineering technology is protected by five U.S. patents, with additional patents pending.
We have also blazed new trials in quality inspection and verification as the inventor of parametric inspection processing, which automates even complex inspection processes by borrowing a powerful concept from CAD: the parametric history tree.
We know that providing the best technology is important, but backing it up with professional support and training is equally crucial. We also value long-term relationships with our customers. We pride ourselves on having the best track record in the industry of adding useful new functionality with every release.