ANSYS to acquire photonic simulation firm
This story has been updated to remove a quote.
Southpointe-based ANSYS is in an acquisition mode again.
The global engineering simulation software company announced Thursday it has entered into a definitive agreement to acquire Lumerical Inc., a developer of photonic design and simulation tools.
Lumerical, based in Vancouver, makes products that enable designers to model challenging problems in photonics, such as interacting optical, electrical and thermal effects.
James Pond, Lyrical’s co-CEO and chief technology officer, said in a news release that his company “is a perfect fit with ANSYS.”
The transaction is expected to close in the second quarter this year.