Saratech, Inc inks Merger Acquisition Agreement with Saber Design & Analysis Services, LLC

Lake Forest, CA – Saratech, Inc. (Saratech), a national partner of Siemens PLM Software, has announced a merger acquisition agreement with Saber Design & Analysis Services, LLC. (Saber Analysis). Software, Services, Support, and Training Business. Key Saber Analysis personnel and assets will now transition to the merged organization and will operate under the Saratech name.

Saber Design & Analysis Services Rapid Prototyping, Reverse Engineering, and Manufacturing business will continue to operate as a separate company.

Combining the technical experience and lean operating structure of Saber Analysis with Saratech’s strong executive team and market leadership will further solidify the company’s position as a leader in the Product Lifecycle Management (PLM) space.

“We are extremely excited about this merger between Saratech and Saber Analysis,” said Saeed Paydarfar, CEO of Saratech, Inc. “Our combined PLM industry expertise plus expanded geographic coverage will bring significant value to new and existing customers across North America, ultimately helping them to become more competitive with PLM.”

Prior to the merger, Saratech and Saber Analysis were the top two Siemens Channel Sales Partners in the U.S. for 2009 in terms of revenue. This merger will positively impact Saratech’s growth in both revenue and resources. John Stewart, President of Saber Analysis, will become the COO for Saratech.

“There has always been mutual respect between the two companies,” said Stewart. “This merger of operations will allow us to continue to service our clients in an efficient manner and leverage our combined resources.”