PERA Global Obtains USD 42 Mln in Funding
21st Century Business Herald, 9/16/09
Beijing-based CAD/CAE software provider PERA Global has announced that it won USD 42 mln in financing from Baring Private Equity Asia. PERA Global VP Hou Xueli indicated the financing would be used mainly to fund R&D and acquisitions. The company currently serves over 2,100 clients, mostly manufacturers, spanning industries including aviation, spaceflight, shipping, nuclear energy, automotive, electronics, and appliances.
PERA Global began as the China office of U.S. firm ANSYS. The company split off from ANSYS in late 2003, and began developing its own products.
PERA has said it is not at liberty to discuss details regarding equity and share structure for this round of investment, but Hou said that PERA is already profitable enough to make an IPO on a main domestic or international board, and is currently selecting an appropriate time and place to list.
Editor's Note: For more background on the company's last round of investment, please see "AIG Invests in Chinese Computer-Aided Engineering Firm" MD 6/07/07 issue.
Keywords: PERA Global Hou Xueli M&A IPO software CAD funding R&D Baring
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