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Accelrys Acquires Aegis Analytical Corp. For $30 Million In Cash

Stocks in this article: ACCL





SAN DIEGO, Oct. 23, 2012 /PRNewswire/ -- Accelrys, Inc. (NASDAQ: ACCL), a leading provider of scientific innovation lifecycle management software, today announced that it has acquired Aegis Analytical Corp. (Aegis) for $30 million in cash, expanding Accelrys' portfolio with enterprise manufacturing process intelligence capabilities that provide organizations with unmatched insights into their product lifecycle processes. The addition of Aegis' industry-leading software to the recently announced Accelrys Process Management and Compliance Suite fills an unmet need in the marketplace as organizations struggle to optimize their lab-to-commercialization processes, manage quality control with external collaborators and reduce compliance risk.

(Logo: http://photos.prnewswire.com/prnh/20120416/MM88629LOGO)

Accelrys retained key members of the Aegis management team, along with Aegis employees, as part of the transaction.

"The industries we serve are undergoing significant changes, requiring them to move from a status quo approach to one that breaks down the barriers to operational excellence, innovation productivity and global competitiveness," said Accelrys President and Chief Executive Officer Max Carnecchia. "This acquisition expands our footprint in downstream operations with valuable new solutions for electronic process intelligence, and reinforces our position as a leader in scientific innovation lifecycle management software."

Science-driven industries, especially those that operate in regulated environments, find it difficult to accelerate product development and manage complex manufacturing in real-time because they rely on an outmoded combination of paper notebooks, proprietary tools and disconnected point solutions. As a result, they also struggle to meet Quality by Design (QbD) and International Conference on Harmonization (ICH) objectives, to improve seamless technology transfer from research to manufacturing, and to deliver robust and high-quality regulatory filings. Solving these problems requires a holistic approach that enables businesses to predict, prevent and solve problems throughout the product development, quality and manufacturing process.

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