- Leading polymer 3D printing solutions provider Stratasys, Ltd (NASDAQ:SSYS) acquired quality assurance software company Riven.
- The financial terms of the transaction remained undisclosed.
- The Berkeley, Calif.,-based start-up has been a Stratasys connectivity software partner.
- Riven will fully integrate its cloud-based software solution into Stratasys’ GrabCAD Additive Manufacturing Platform.
- “By integrating Riven’s offerings into our GrabCAD software platform, we will enable more manufacturing customers to adopt Stratasys solutions for end-use parts production,” said Stratasys Vice President of Global Software Shaul Samara.
- “This important functionality will help ensure production-scale parts are 3D printed accurately and can be inspected quickly within a closed-loop additive manufacturing process.”
- By integrating Riven’s software into a closed-loop 3D printing process, Stratasys can help its customers scale their shipments of 3D-printed end-use parts while reducing waste through fewer iterations to improve sustainability.
- Riven founder James Page became a software vice president at Stratasys.
- The acquisition, which closed in October 2022, included all intellectual property associated with Warp Adaptive Modeling (WAM) and Predictive WAM (PWAM).
- Members of the Riven team will join the Stratasys Software business unit.
- Stratasys held $441.5 million in cash and equivalents as of June 30.
- Price Action: SSYS shares closed at $13.76 on Monday.
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