Thomas Yip, the Ipoh-based software founder who could

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In July 2022, Siemens, a global technology company with a 175-year history, acquired Radica Software, a small industrial and design software company founded by Thomas Yip, based in Ipoh, Malaysia, for an undisclosed amount.

Siemens' acquisition of Radica a natural progression for both partiesIn July 2022, a global technology company with a 175 year history, focused on industry, infrastructure, transport, and healthcare based in Munich, Germany acquired a small industrial and design software company based in Ipoh, Malaysia, for an undisclosed amount.

It was to open a restaurant called Bamboo House. In Chinese culture, you will see many drawings with bamboo, and a bamboo plant will grow a foot in a year irrespective of strong winds or a lack of resources,” mused Yip.He never opened the restaurant.

After graduating in the top two in his class in 1990, Yip turned down the opportunity to get a Masters degree in France as that came with an eight year bond. “I had to start working and take care of my parents and siblings,” he explained. After ten years of unexciting growth, in 2015, Yip had the opportunity to go to the Silicon Valley on MaGIC’s eStanford program. This was the first of three trips taken either by Yip or his team, where he likes to say, they got schooled in the concept ofhumble audacity”and to dare to think big. His big idea was to adopt the subscription model for Electra and move to the cloud.

 

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