ROYAL OAK Investment money continues to flow into Michigan technology, the latest example Cooke & Moses of Columbia, South Carolina, which will invest $1.5 million in Dellego Technologies to help the company sell its Computer-Aided Design software.
In case the name Dellego isnt familiar to you, the deal called for the former QSSolutions Engineered Systems Group to change its name to Dellego, a variation on the Latin words for select and connect. Dellego CEO Tom Kelly said the new name is appropriate since the companys flagship application, called Iced CAD, delivers the ability to connect companies.
The money, Kelly said, will be used to hire four new sales and marketing professionals in the companys Royal Oak office, and four engineers and product managers for a new software development lab Dellego will open in West Virginia, to be nearer to Cooke & Moses. Investors like to keep a close eye on their early stage investments and frequently require the company invested in to move operations to the investors region.
With a twist in the usual outsourcing story line, the four jobs that go to Dellegos West Virginia operations will come from India, where the company worked with an India software development house. This means the IT job drain to Asia has been reversed, albeit to a small degree, with Asian IT jobs coming home to America.
The last few years have been difficult for the software business, Kelly said. Were tickled we survived it all and now are in a position where were ready to grow.
Cooke & Moses Managing Partner Roy Cooke said his company also is tickled to invest in Dellego.
I believe very strongly in the power this company has to create efficient systems necessary for complex products to be built and shown to a customer within minutes, Cooke said. We do not throw the word revolutionary around lightly, but we have no problem doing it here.
Dellegos Iced CAD technology delivers assemble-to-order technology over the web. It connects engineering designs with quoting, production and delivery processes over the Internet. For example, clients can choose drawings and parts from an online inventory list, creating custom parts without further refining the CAD digital drawings.
