RTT Acquires Bunkspeed Inc.
New addition expands RTT´s visualization platform
Los Angeles, USA October 23, 2013 – RTT, the leading provider of professional high-end 3D visualization solutions announces the acquisition of Bunkspeed Inc. With over a decade´s experience operating in the visualization marketplace, thousands of clients worldwide and an intuitive, versatile design tool, Bunkspeed completes the RTT portfolio of comprehensive products.
Traditionally, RTT has provided enterprise solutions and services for OEMs that employ digital product pipelines. Los Angeles-based Bunkspeed Inc. represents a well-established company with a focus on design visualization tools and is recognized for its affordable range of powerful, easy-to-use software products. The acquisition extends RTT’s services to agencies and designers by offering this lightweight yet robust design tool.
Peter Stevenson, CEO RTT USA, Inc. identified that; “The addition of Bunkspeed’s specialty services and footprint will allow RTT to provide a broader range of capabilities to our customers.”
Bunkspeed will continue to operate under the same name and is now a wholly owned subsidiary of RTT. The incorporation of Bunkspeed will take place over the upcoming months. During the interim period, clients will receive continued support and the same advanced quality product that they have come to expect from both RTT and Bunkspeed.
David Randle, General Manager of Bunkspeed states, “The acquisition of Bunkspeed by RTT will provide major benefits to our existing and future customers. They bring a level of global presence, knowledge, support and expertise that will compliment and enhance our core offerings.”
Steven Madge, Managing Director of the Pasadena office has been named CEO of Bunkspeed Inc.. Steven holds a degree in mechanical engineering with an extensive history in technology and innovation. Steven shares, “In today’s evolving visualization market, many organizations are faced with eliminating redundant technologies, reducing costs and expanding their capabilities. Introducing a series of tools tailored to the design visualization process helps facilitate such optimizations and will help expand our future capabilities.”
RTT is the leading, one-stop-provider of high-end software, consulting and creative services in professional, 3D visualization. As a strategic partner, RTT offers sustainable, effective and seamless process support across the entire product lifecycle with its holistic approach. As a result, products are developed faster and more cost-effectively, while time-to-market is significantly reduced. Through creative, photorealistic CGI implementations, RTT enables innovative sales and marketing advantages and new dimensions of emotional brand staging. The Group´s customer-base includes companies like Adidas, Audi, BMW, Daimler, EADS, Electrolux, Ferrari, General Motors, Harley-Davidson, Porsche, The North Face and Volkswagen. RTT AG was founded 1999 in Munich and is listed on the Frankfurt Stock Exchange (Xetra: R1T; WKN: 701220; ISIN: DE0007012205). The RTT Group employs over 750 staff at 15 locations worldwide (as of September 16, 2013). For more information, visit www.rttusa.com.
Bunkspeed is a leading provider of visualization software and services for design, engineering, and marketing. Headquartered in Los Angeles, California, our advanced visualization technologies leverage digital engineering assets and contribute to enlightened decision-making in the digital design process. Our clients gain a cost effective way to deliver sales and marketing imagery, and realize significantly reduced product development costs. Bunkspeed’s customers include Audi, Cartier, Dell, Ford Motor Company, Gensler, Gulfstream, Harley Davidson, Honda, Jaguar, Kohler, Land Rover, Newell-Rubbermaid, Nike, Nissan, Pininfarina, Procter & Gamble, Siemens and many others. For more information on Bunkspeed’s products and services, please visit: www.bunkspeed.com.
RTT USA Inc.
Tel: +1 248 544 4022
Tel: +1 888 918 9944