PITTSBURGH -- Ansys acquired 3-D modeling software provider SpaceClaim for $85 million in cash, the company announced today. The deal, which closed April 30, price is subject to retention and working capital adjustments.

Concord, MA-based SpaceClaim develops 3-D modeling tools for product development.This process, called "direct modeling," 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. SpaceClaim and ANSYS have partnered in the past to offer customers Ansys SpaceClaim Direct Modeler.

"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 modeling needs in the conceptual modeling, manufacturing and 3-D printing spaces, which represents an audience of 5 million users."

"Leading companies know they need to modernize 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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