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CFO plays central role in helping Geomagic strengthen financial management and bolster market leadership

Tuesday, Sep 29, 2009 5:00 AM

Research Triangle Park, NC, September 29, 2009- Steve Carnevale, chief financial officer for 3D software company Geomagic, has received a 2009 Movers and Shakers award from Business Leader magazine. The annual award recognizes up-and-coming business leaders in the greater Raleigh, Durham and Chapel Hill region of North Carolina.

Since joining Geomagic as CFO in January 2008, Carnevale has played a central role in several important initiatives within the company. He provided support for the plan that led to Geomagic securing $8 million in funding from Valhalla Partners last year, and he has vastly improved processes for better financial control, reporting and business intelligence. Carnevale's fiscal guidance has helped Geomagic remain strong financially and placed the company in a position to extend its leadership position and build upon its strategy for significant market growth.

"I am honored to receive this award on behalf of Geomagic," says Carnevale. "We have an extremely talented, smart and dedicated group. My role is to provide the team with timely and accurate information to drive decision-making."

About Geomagic

Geomagic (www.geomagic.com) is a global company dedicated to advancing and applying 3D technology for the benefit of humanity. Geomagic’s scanning and design software solutions are used to capture and model 3D content from physical objects, organically sculpt complex shapes, and prepare products for manufacturing. In addition, the company produces powerful 3D metrology and inspection software that verifies dimensional quality by comparing as-built products to master designs. Geomagic’s Sensable Phantom haptic devices simulate the sense of touch in a digital environment. 

Geomagic’s software and hardware are utilized by world-class customers in a variety of industries, including aerospace, automotive, medical, consumer products, toys, collectibles, coindesign, jewelry, fine art, heritage restoration, research, education, mold making, entertainment, training and surgical simulation. In fact, some of the world’s leading companies and research organizationsuse Geomagic software, including Ford, BMW,Boeing, Harley DavidsonTimberland, Mattel/Fisher Price, Lego, Pratt & WhitneyNASA, Schneider Electronic, 3M, Danaher and Invisalign. Geomagic is based in Research Triangle Park, N.C., USA, with an office in Boston, subsidiaries in Europe and Asia, and channel partners worldwide.

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Geomagic, Geomagic Studio, Geomagic Qualify, Geomagic Qualify Probe, Geomagic Spark, Wrap, Geomagic Wrap, Phantom, OpenHaptics, Omni, Freeform, Claytools, Sensable and Sensable Technologies, Inc. are trademarks or registered trademarks of Geomagic Inc.  All other trademarks are the property of their respective owners.

Media Contact:

Rachael Taggart
Geomagic, Inc.
+(1) 919-474-0135
Contact Rachael