Mergers and Acquistions News
Categories: Software
April 9th 2010, 16:16PM
Accelrys and Symyx Technologies have announced a merger agreement that hopes to create a new leader in the scientific informatics software sector.
The deal, which has been structured as a tax-free, all-stock merger of equals and is expected to be completed by the end of June, has been approved by the boards of both companies.
Max Carnecchia, who is chief executive officer of Accelrys and will serve in the same role for the combined company, said that scientific research and development companies increasingly need to address productivity and performance.
"New software solutions are urgently required to address these fundamental changes and the merger of Accelrys and Symyx creates a new, leading force in the industry to address this situation," he went on to say.
Accelrys recently announced that it plans to showcase its integrated informatics, modelling and simulation solutions at the Materials Research Society spring meeting at the Moscone Center in San Francisco.
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