Photo - Thomas Yip, CEO and founder of Radica Software.
Malaysia based developer Radica Software has introduced a subscription-based model for its Electra electrical computer-aided design (eCAD) solution, which effectively offers a low-cost entry for companies around the world, it said.
Thomas Yip, chief executive officer and founder of Ipoh-based Radica Software, said the new pricing model presented both a monthly and annual subscription plan for the Enterprise Edition of Electra software.
"The world has changed and subscription-based models are springing up because that's what many customers want and can afford to pay," said Yip.
"We at Radica, are extremely excited to have launched our first ever subscription model," he said. "We want customers to be most comfortable with the flexibility that we offer through the subscription model to allow them to cancel at any time with no hidden fees. All in all, companies can do more with less when they become our subscribers."
Yip said the monthly subscription is at US$59 (paid annually) or US$69 (paid monthly). "Subscribers have access to features of Electra Enterprise Edition with no restriction, free software upgrades and they may cancel a subscription at any time with no penalty incurred."
"Electra electrical CAD is a high-productivity tool that runs on Microsoft Visio, to help electrical engineers easily create and manage electrical, hydraulic and pneumatic drawings," he said, adding that the solution was used by customers in 42 countries.
Founded 2005 in Ipoh, Perak, Malaysia, Radica Software's computer-aided design software has been used by engineers globally including in Australia, Canada, Japan, Malaysia, Norway, South Korea, and USA.
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