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Alpharetta, Ga. -- NetVendor and Teradyne have completed the sale of Teradyne's Manufacturing Software Group (MSG) to NetVendor Inc.
The two groups, both located in the metro Atlanta area, have merged to become Visiprise Inc., effective immediately.
The new corporation will focus on developing, marketing and selling software solutions for discrete manufacturers, including manufacturing execution systems (MES) software, quality management software and new product introduction software. The Alpharetta, Ga.-based facilities that have served Teradyne MSG have become the new corporate headquarters of Visiprise.
Teradyne is retaining a stake in the new company as a minority shareholder and will continue to have an ongoing relationship with Visiprise as a customer of the SCE product.
Visiprise SCE allows manufacturers to manage and control processes across the entire enterprise, giving real-time visibility into operations across the globe. The addition of NetVendor's product line, Embrace Collaborative Workspace, as a module to SCE reportedly will strengthen SCE with modules targeted at FDA compliance, document management, new product introduction, mechanical CAD viewing and markup, collaboration tools, and business process management.
Visiprise is the newly formed manufacturing solutions provider created from the merger of two industry leaders: Teradyne's Manufacturing Software Group and NetVendor Inc. For more information, visit www.visiprise.com.