January 22, 2021. Madison Park Group announced the release of its Engineering Software Market Update. MPG’s Engineering Software practice is spearheaded by Ralph Verrilli, Michael Magruder, and Drew Ogden.
In response to the global pandemic, the world has come to appreciate the strategic impact of engineering and manufacturing technology on our global economy. Strategic acquirers with ample capital are aggressively making acquisitions to complete Industry 4.0 platforms. These companies will fill product voids in extremely focused domains, as well as make acquisitions which allow then to gain footholds outside of their traditional markets. Private equity investors are also now aggressively pursuing engineering and manufacturing technology companies they believe will be critical to the evolution of Industry 4.0.Ralph Verrilli, Managing Director