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

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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.

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