Planit develops and supports Computer Aided Manufacturing ("CAM") software and services for the woodworking, cabinet-making, engineering and stone industries.
On completion of the management buy-out we focused the business on a significant change management program. The business was restructured from eight small company entities into a cohesive group, centralising the R&D, marketing and finance functions. In order to concentrate on the main business opportunity, the fast growing CAM market, Planit sold its retail division, Fusion, to 20-20 Technologies Inc for £19 million.
We then worked with the management team to implement the business plan incorporating a successful strategy to increase support revenues, an improved R&D program, a significant cost saving initiative and a cash management program.
Planit is currently the fifth largest player for CAM worldwide.
