Well, another CAD company is snapped up, and the technical software consolidation train continues to roll on. That in itself is not too surprising. What is, though, is that a CAE company has acquired a CAD company.
ANSYS announced earlier today that it has acquired SpaceClaim Corp. for a purchase price of $85 million in cash, plus retention and an adjustment for working capital. The transaction closed on April 30, 2014.
ANSYS SpaceClaim Overview
From the beginning, SpaceClaim said it offered a 3D modeling tool that could be used by more than just CAD experts during the product development process (and this is a key point to the acquisition). According to SpaceClaim, this is made possible because of a process, called “direct modeling,” that differs dramatically from traditional CAD software, which is used by a relatively small percentage of engineers – typically late in the development process, to document the detailed design. While direct modeling itself is not unique, SpaceClaims implementation of it is. (more…)