Livermore tech company sold for $775M | News | PleasantonWeekly.com |

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Livermore tech company sold for $775M

ANSYS acquires Livermore Software Technology Corp. in cash/stock transaction

Livermore Software Technology Corp. (LSTC) was sold to ANSYS, Inc. for $775 million, with 60% paid in cash and 40% through the issuance of ANSYS restricted stock to shareholders of LSTC, in a transaction that closed last month.

Founded in 1987 and headquartered in Livermore, LSTC provides explicit dynamics and other advanced finite element analysis technology. Its widely adopted solution, LS-DYNA, is a highly scalable multiphysics technology which accurately predicts and simulates complex, real-world problems for the automotive, aerospace, civil engineering, defense, manufacturing and biomedical industries, according to its attorneys from Pleasanton-based Hoge Fenton.

The acquisition enables ANSYS to deliver a powerful solution for autonomous and electric vehicles to global automotive manufacturers and their suppliers. Customers will be provided seamless access to an even wider range of advanced simulation technology in the areas of structures, fluids, electromagnetics, optics, safety and machine learning, the attorneys said.

Hoge Fenton was the sole legal advisor for LSTC, working closely with the company's shareholders and management team, as well as ANSYS' legal team, throughout the negotiation and documentation of the transaction.

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Comments

2 people like this
Posted by Ridgerunner
a resident of Pleasanton Heights
on Dec 9, 2019 at 10:38 am

Congratulations. Good to see what appears to be a company of substance sold for a high price rather than a dot com or fake tech as usually is the case in Silicon Valley. I hope this is a good outcome for the founders.


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