Radica Software announced a new pricing model that offers monthly and annual subscriptions of its Enterprise Edition of Electra software. Monthly subscription of Electra is at US$59 (paid annually) and US$69 (paid monthly) respectively. 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.
Already used by customers in 42 countries, Electra electrical CAD runs on Microsoft Visio, to help users easily create and manage electrical, hydraulic and pneumatic drawings.
“The world has changed and subscription-based models are springing up because that’s what many customers want and can afford to pay. We at Radica, are extremely excited to have launched our first ever subscription model. 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,” said Thomas Yip, CEO and founder of Radica Software.
Nelson Rafael, owner of Gryphon Automation based in Ontario, Canada, said, “Pricing is always the foremost reason. As with most of small companies, we are trying to do more with less. The subscription pricing from Radica Software works well for us as we do not need Electra every day and there will be months that we will not be using it. We can then re-subscribe to Electra when we will have another project to work on in the future.”
Subscription is at US$59 per user (paid annually) or US$69 (paid monthly) per user. The perpetual license of Electra E7 retails for US$998 for the Standard Edition with basic functionalities, US$1298 for Professional Edition with full electrical functionalities and US$1898 for the Enterprise Edition which contains electrical, pneumatic and hydraulic editing capabilities.