Since then SpaceClaim struck other co-branding deals with Geomagic (now part of 3D Systems), Trumpf, and Allied Electronics. In 2011 SpaceClaim signed a partnership with Ansys to provide a version of SpaceClaim Engineer co-branded with Ansys, as part of the Ansys vision of providing “Simulation Driven Product Development.” It became popular with Ansys users as a fast way to de-feature engineering models prior to analysis. Each round and amount of funding was announced, but the valuations behind them were not. Over the years the venture capital investors (including North Bridge Venture Partners, Kodiak Venture Partners, Borealis Ventures, and Needham Capital) provided $41 million in funding in four rounds. We are excited about joining the Ansys team and look forward to providing more quality products to our valued customers.” Commenting on the buyout, SpaceClaim co-founder and VP of R&D Daniel Dean told GraphicSpeak, “Both Ansys and SpaceClaim are globally recognized for delivering quality and innovation to the market, and the acquisition is a strategic continuation down that path for both parties. Until the Great Recession, SpaceClaim was growing at rates similar to the early days of SolidWorks. Mainstream 3D vendors including Siemens PLM, Autodesk, and PTC found it necessary to respond with direct modeling initiatives of their own. SpaceClaim did not invent direct 3D modeling with its debut in 2007 after a two-year incubation, but it did bring the technology into the forefront. Additionally, SpaceClaim has net operating losses (NOLs), which Ansys will be able to carry forward to reduce future tax payments. (Source: SpaceClaim)Īnsys expects the new business to be “neutral to slightly accretive” to revenue in 2014, meaning it expects SpaceClaim will make a positive impact on the bottom line in 2014. A brake caliper assembly imported from SpaceClaim into Ansys Workbench, with and without mesh. The deal closed Apand was announced today. The broad appeal of SpaceClaim to part-time CAD users matches well with the CAD-neutral approach of Ansys.Īnsys has acquired SpaceClaim, the venture-capital funded 3D MCAD tool that made a big splash a few years ago with its combination of direct editing and built-in interoperability.

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