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Aug. 1, 2014, 1:29 PM
- FARO (FARO -2.9%) has acquired The CAD Zone, developer of a cloud-based drawing app (CZ Point Cloud) for diagramming crashes and crime scenes. Terms are undisclosed.
- FARO notes The CAD Zone's products complement its 3D laser scanners for law enforcement agencies, and says it aims to provide an "integrated 3D documentation product offering." CZ Point Cloud relies on models created by laser scanners from FARO and other firms.
- Shares are lower amid a market selloff. They rallied on Wednesday after FARO posted a Q2 beat.
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