On 12 February 2024 Grant Thornton partners Cameron Crichton and Michael McCann were appointed as Administrators of Euclideon Limited, a 3D data visualisation technology company with patent-protected rendering engine ‘Unlimited Detail’.
This technology assists in solving the challenge of managing, viewing and sharing large, complex 3D datasets such as LIDAR and photogrammetry, across all devices. Euclideon provides their technology to a range of government and blue-chip customers through a Software as a Service (SaaS) model.
The Administrators have ceased trading the business and are undertaking an expressions of interest campaign to sell the intellectual property and business assets of Euclideon.
Products include:
- udStream – a powerful rendering application for desktop, browser or handheld devices.
- udCloud – a platform for hyper-efficient storage, sharing, collaboration and access to massive 3D datasets, managed entirely by the user.
- udSDK – a Software Development Kit for integrating Unlimited Detail™ rendering into your own applications.
The Administrators are in control of the sale of the intellectual property and business assets of Euclideon and are seeking Non-Binding Indicative Offers (“NBIOs”) from interested parties for the acquisition of its business and assets.
Cameron Crichton, Financial Advisory Partner at Grant Thornton said: “Preference will be given to offers that reflect the substantial investment to date in the technology and current opportunities to monetise same.”
Interested parties are invited to submit a non-binding offer prior to 4:00PM (AEDT) on Tuesday, 27 February 2024.
To participate in the process and receive access to due diligence materials, please contact Grant Thornton by email: euclideon@au.gt.com
