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AAC Solutions Returns to the Name XANADU - The Czech technology company XANADU currently celebrates its 15th anniversary
AAC Solutions Returns to the Name XANADU

 

NewswireToday - /newswire/ - Prague, Czech Republic, 2006/01/19 - The Czech technology company XANADU currently celebrates its 15th anniversary.

   
 
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The company returned to its traditional name after its management in December 2005 bought the entire share held in the company by AAC Solutions from AAC holding (Rocheby Finance).

"In January 1991, CAD Studio was founded and later in 2002 renamed to XANADU. The integration of the company into AAC holding brought with it also the change of its name to AAC Solutions. After we've found out the combination with foreign capital didn't produce the expected synergies and sufficient value-add for the customers and the company, we disaffiliated again and now we're returning to our established and not-forgotten name XANADU", said Tomas Netolicky, Managing Director of XANADU.

According to initial feedback, the return to XANADU name is a good decision that's perceived by the customers as a logical comeback with proven and established name while maintaining the traditionally high quality of delivered services.

The change won't influence the customers in any way as the company keeps its legal continuity. XANADU s.r.o. is owned by Tomas Netolicky and Radek Nekl, members of the company's management. Identification number, tax ID, address, bank contact and other identification data remain unchanged. Along with the rename, the company increased its equity to 2,000,000 CZK (69,000 Euro).

Record Growth of XANADU
The XANADU company turned out excellent financial results in 2005. Based on preliminary information, the company's revenues were 290 million CZK (10 mil. Euro), which represents year-on-year increase of 58 percent. At the end of 2005, XANADU had 86 employees. Foreign activities significantly contributed to XANADU's results. As a member of Autodesk Developer Network, the company's custom-developed CAD applications are used by hundreds of companies in over 50 countries worldwide including the AT&T, US Federal Aviation Administration, NASA, Siemens, Harley-Davidson, Walt Disney, Toyota Motor, Hyundai Korea, RWE, The State of California, Virginia University etc. Its popular CAD portal is designed to reach also foreign professionals.

15 Years of Success
XANADU has grown up to its current position through strong organic growth as well as carefully selected acquisitions of other technology companies (Minisoft/EPe, i-Systems/Oskar, Dialog MTS). The company's main activities focus on CAD and GIS solutions based on Autodesk products, development of its own applications as well as IT infrastructure products and services delivery.

About XANADU
XANADU is a leading CAD, GIS and IT infrastructure solutions and services provider serving mid-sized and large businesses, regional and state government organizations, high schools and universities in the Czech Republic and abroad.

Company History
• January 1991 - Establishment of CAD Studio
• July 2000 - CAD Studio takes over the activities of Minisoft/EPe
• October 2000 - CAD Studio becomes the member of AAC holding (Rocheby Finance)
• October 2002 - CAD Studio takes over the activities of i-Systems/Oskar
• October 2002 - The company's name changes to Xanadu
• January 2005 - Xanadu takes over the activities of Dialog MTS
• January 2005 - The company's name changes to AAC Solutions
• December 2005 - AAC Solutions disaffiliated from Rocheby Finance
• January 16, 2006 - The company celebrates its 15th anniversary and returns to XANADU name

What Does XANADU Mean?
XANADU is a mythical, fabulous place (praised in the poem by S.T.Colleridge) that was allegedly situated in contemporary China area thousands years ago. This place was protected from external hazards by a special shield that created a "paradise" environment for its inhabitants. The name also relates to Autodesk and the beginnings of the worldwide network - the Internet.

 
 
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AAC Solutions Returns to the Name XANADU

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Publisher Contact: Vladimir Michl - CADStudio.cz 
 
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