Ansys fosters rapid product design iteration with SpaceClaim
Ansys has bought 3D modelling company SpaceClaim Corporation for $85 million, plus retention and an adjustment for working capital. The acquisition is expected to accelerate Ansys' technological product roadmap and long-time vision for "Simulation Driven Product Development."
Massachusetts-based SpaceClaim develops direct 3D modelling software that bypasses the need for extensive training and arcane workflows. Its flagship product, SpaceClaim Engineer, is a complete CAD-neutral solution, enabling engineers to easily create concepts and prepare 3D designs for digital prototyping, analysis, and manufacturing.
The "Simulation Driven Product Development" vision describes an approach in which organisations can derive tremendous value by harnessing computer simulation early in the design cycle to predict how a product will perform in the real world. The broad appeal of the 3D modelling technology can help ANSYS deliver simulation tools to any engineer in any industry – at the earliest stages of the design cycle.
Considering the complementary technologies, the acquisition facilitates an enhanced offering since ANSYS has always been an open platform and SpaceClaim Engineer is also CAD-neutral. This allows engineers to modify geometries regardless of the system in which they were created.
"This transaction is consistent with our strategic vision and M&A strategy, and accelerates our technological product roadmap to enhance our customer offering and drive growth," said Jim Cashman, president and CEO of ANSYS. "SpaceClaim is an exciting addition to our portfolio, as it addresses unmet 3-D modelling needs in the conceptual modelling, manufacturing and 3-D printing spaces, which represents an audience of 5 million users.
In addition to driving innovation, the addition of SpaceClaim helps ANSYS accelerate the growth of the simulation market by broadening our user base from analysts and expert users to the millions of design and systems engineers in the industry. We welcome the SpaceClaim team to ANSYS."
"Leading companies know they need to modernise their engineering software and platforms if they want to develop truly innovative products," said Daniel Dean, senior vice president of research and development at SpaceClaim. "SpaceClaim's 3-D tools – combined with ANSYS' proven simulation software – are ideally suited to the rapid pace of today's business, driving a shorter product development process from concept to prototype."
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