VKI develops and supports a broad suite of component software development toolkits for computer aided engineering (CAE) applications. Established in 1989 and headquartered in Saratoga, California, its products are used by many of the CAE industry's largest and most respected software companies to deliver applications for structural analysis, heat transfer, computational fluid dynamics and electromagnetics. For more information, visit www.vki.com.
Tech Soft 3D is the leading global provider of development tools that help software teams deliver successful applications. Established in 1996 and headquartered in Bend, Oregon, Tech Soft 3D also has offices in California, France, England, Japan, and Norway. The company’s toolkit products power nearly 600 unique applications running on hundreds of millions of computers worldwide. Tech Soft 3D is backed by investment firm Battery Ventures. For more information, visit www.techsoft3d.com.
About Madison Park Group
Madison Park Group is a strategic M&A and capital raising advisor to the global software economy. The firm’s industrial software practice focuses on engineering, manufacturing and IIoT applications and has guided numerous CAD, PLM and engineering software companies through their expansion and acquisition. Industry leaders trust Madison Park Group’s experience in the marketplace. For more information visit www.madisonparkgrp.com
Madison Park Group is pleased to announce that its client, Visual Kinematics Incorporated (“VKI”), the leading provider of component software for CAE and simulation, has been acquired by Tech Soft 3D. With this acquisition Tech Soft 3D has become the leading global provider of product development tools that help software teams deliver advanced CAE products.
Madison Park Group’s Industrial Technology practice advised on the transaction.
Based in Saratoga, California, VKI has spent more than 30 years developing a component software product line that addresses a spectrum of CAE simulation technology needs: from mesh generation and interoperability tools to solvers, visualization, and graphics.
VKI provides the industry’s most advanced multi-disciplinary CAE and simulation component toolkits. Its products are embedded in the majority of the industry’s CAE systems and are used to help analyze the world’s most advanced products.
VKI is relied upon by the CAE industry's largest and most respected software companies such as ANSYS, Dassault Systèmes (SolidWorks), Siemens, Autodesk, Hexagon (MSC.Software), PTC, Ceetron and ESI Group, to deliver embedded technology for structural analysis, heat transfer, computational fluid dynamics and electromagnetics.
“After working closely with, and providing our component technology to the industry’s leading CAE and simulation companies, we are excited to be joining Tech Soft 3D. Joining the Tech Soft 3D team will allow us to take our products to the next level which is required to meet the needs of increasingly complex multi-disciplinary simulations. Madison Park Group understood our technology and its value within the industry. They helped us evaluate several options for the company, its employees, and products. We could not have asked for a better outcome for the Company and our clients.”
Gordy Ferguson, CEO of VKI.
“VKI’s products are at the forefront of multi-disciplinary simulation. Given that their component technologies are the most advanced and robust in the industry, and are used by the world’s leading CAE and simulation companies, Tech Soft 3D is the right company for them to partner with to extend their products to address the needs of new industries such as VR/AR, digital twins and IIoT.”
Ralph Verrilli, Managing Director at Madison Park Group
The Global Computer Aided Engineering (CAE) Market is expected to reach $11.1 billion by 2023, rising at a market growth of 10.7% CAGR. This increase is being driven by the increased complexity of products, as well as the analysis needs of new industries such as IIoT, additive manufacturing, new material development and generative design. To deliver innovative products to market, companies need the best-in-class CAE and simulation tools at their disposal.
Madison Park Group acted as the exclusive financial advisor to VKI. Pierce Atwood acted as legal counsel to VKI.