Software Equity Group said Wednesday that its client ChemSW has been sold to Accelrys. No financial terms were disclosed. Headquartered in Fairfield, Calif., ChemSW is a provider of chemical inventory management solutions.
SAN DIEGO, CA–(Marketwired – Sep 4, 2013) – Software Equity Group, LLC (SEG) announced today its client, ChemSW, an Environmental Health & Safety (EH&S) compliance solutions provider, has been acquired by Accelrys, Inc. (NASDAQ: ACCL), a leading provider of scientific innovation lifecycle management software.
ChemSW provides a unique EH&S compliance portfolio that eliminates the inconsistencies and errors associated with paper-based methods of chemical inventory management often used today. With the acquisition of ChemSW, Accelrys offers customers an automated inventory system for tracking and tracing chemicals including: monitoring and tracking location and quantity specifics; monitoring usage; generating reports and quickly assessing hazard information during an emergency. The offering is available both on premises and via the cloud.
Brian Stafford, President and CEO of ChemSW said, “Outdated modes of tracking chemicals have posed a significant challenge for companies that need to meet and document EH&S compliance requirements. This acquisition and the integration of our inventory management software into Accelrys’ robust platform brings significant value to existing ChemSW and Accelrys customers, offering a comprehensive set of software tools for optimizing chemical and materials selection and processing throughout the scientific innovation lifecycle. The ChemSW team looks forward to joining Accelrys and working together to deliver new value to the scientific ecosystem.”
“Accelrys is taking a major step forward in delivering solutions that support predictive sustainable innovation; we look forward to welcoming the ChemSW team and integrating their software solutions into our larger platform,” said Accelrys President and CEO Max Carnecchia.
The sale of ChemSW to Accelrys is SEG’s fifth announced transaction in as many months.
About Software Equity Group
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. SEG has represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges, and also advises several of the world’s leading private equity firms. Software Equity Group has been ranked among the top ten investment banks worldwide for application software mergers and acquisitions. Please visit us at www.softwareequity.com