Livermore tech company sold for $775M | Town Square | |

Town Square

Post a New Topic

Livermore tech company sold for $775M

Original post made on Dec 9, 2019

Livermore Software Technology Corp. 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.

Read the full story here Web Link posted Sunday, December 8, 2019, 6:45 PM

Comments (1)

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.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Stay informed

Get daily headlines sent straight to your inbox.

Big money pouring into Livermore referendums
By Tim Hunt | 10 comments | 1,796 views

You Can Help: Scents and Migraines
By Chandrama Anderson | 0 comments | 720 views