Pointwise acquired by Cadence
It’s getting hard to keep up! Just in, an email from Pointwise, the CAE meshing experts:
We are happy to report today that Pointwise, Inc. is being acquired by Cadence Design Systems, Inc. (Nasdaq: CDNS), a pivotal leader in Intelligent System Design, building upon more than 30 years of computational software expertise. .. By becoming a part of Cadence, we believe we can accelerate growth and technology innovation for our customers.
This is really interesting. Remember that Cadence just acquired Numeca, most known for its CFD, signaling that it has intentions in CAE beyond its core electromagnetics base. It now clearly plans to tackle CFD in many more markets, a point not lost on Pointwise:
Cadence is an ideal innovation partner to address the growing complexity that the CFD market demands. Combining Pointwise’s technology-leading portfolio with Cadence’s Intelligent System Design strategy, our customers will benefit from a more robust design and analysis ecosystem. Pointwise will enhance Cadence’s system analysis portfolio with computational fluid dynamics (CFD) mesh generation capabilities where accuracy, reliability, and predictability are paramount concerns resolved by high-fidelity characterization of fluids.
The terms of the deal weren’t disclosed. But congrats to John Chawner and the team at Pointwise!