Fenwick & West represented Ciespace Corporation, creators of the first commercially available Computer-aided engineering (CAE) cloud solution with modeling capabilities built entirely on an open, web services platform, in its recently announced acquisition of technology assets by ESI Group, a world-leading provider of Virtual Prototyping software and services with a strong foundation in the physics of materials and Virtual Manufacturing. Financial terms of the transaction were not disclosed.
The acquisition will enable a new way to develop and deliver cost effective and reliable digital modeling for CAE solutions. More information about Ciespace’s acquisition of its technology assets by ESI Group can be obtained from the company announcement.
The Fenwick transaction team included corporate attorneys Mark Leahy and Jen Huang.