**EXHIBIT 8.1**

Subsidiaries



|                                                                                                                               |  |                             
|------------------------------------------------------------------------------------------------------------------------------ |  | ----------------------------
|ENTITY                                                                                                                         |  | PLACE
      OF INCORPORATION
|                                                                                                                               |  |                             
|Cimatron Technologies,
      Inc.                                                                                              |  | United States               
|                                                                                                                               |  |                             
|Cimatron Technologies
      Inc.                                                                                               |  | Canada                      
|                                                                                                                               |  |                             
|Cimatron GmbH                                                                                                                  |  | Germany                     
|                                                                                                                               |  |                             
|Cimatron Sarl                                                                                                                  |  | France                      
|                                                                                                                               |  |                             
|Cimatron UK Ltd.                                                                                                               |  | United Kingdom              
|                                                                                                                               |  |                             
|Cimatron Japan
      K.K.                                                                                                      |  | Japan                       
|                                                                                                                               |  |                             
|Cimatron (Beijing)
      Technology Co. Ltd.                                                                                   |  | China                       
|                                                                                                                               |  |                             
|Korea Cimatron
      Technologies Co. Ltd.*                                                                                    |  | Korea                       
|                                                                                                                               |  |                             
|*We
      hold only 30% of the shares of this joint venture, which we formed in Korea
      together with JY Solutec Co., LTD.

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