Cadence Acquires Pointwise to Expand System Analysis Offerings Addressing CFD Meshing for Aerospace Applications
April 15 2021 - 9:00AM
Business Wire
Broadens
expansion into multiphysics domain with market-leading
computational fluid dynamics mesh generation and pre-processing
technology
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced today that
it has acquired Pointwise, Inc., a leader in mesh generation for
computational fluid dynamics (CFD). The addition of Pointwise’s
technologies and experienced team supports the Cadence® Intelligent
System Design™ strategy and further broadens its system analysis
portfolio, complementing the recently acquired NUMECA CFD
technology. Together, these acquisitions will enable advanced CFD
solutions where accuracy, reliability, predictability and
performance are paramount for high-fidelity characterization of
fluids, such as air flowing over an airplane.
Pointwise’s mesh generation technology addresses the high-growth
pre-processing CFD market sub-segment. The acquisition builds on
the recent NUMECA acquisition and Cadence’s innovative multiphysics
products including the Clarity™ 3D Solver for electromagnetic (EM)
simulation, the Clarity 3D Transient Solver for finite difference
time domain (FDTD) system-level EM simulation and the Celsius™
Thermal Solver for electrothermal co-simulation.
Pointwise’s technology adds world-class mesh generation and
pre-processing capabilities that read data from all of the leading
CAD formats and export data to over 40 CAE formats. Pointwise’s
core competency in robust grid generation squarely addresses the
aerospace industry’s demand for high-fidelity discretization of
aircraft geometries. Pointwise’s technology creates multiple mesh
types to provide the level of control needed to ensure converged
and accurate CFD results. In addition to automation and ease of use
being paramount for the widespread adoption of CFD, it is
imperative to generate sophisticated meshes that adhere to
stringent accuracy requirements. Pointwise’s proven technologies
are used by leading organizations such as Hermeus, senseFly and
ONERA to enable purpose-built mesh for applications including drag
prediction and internal flows through exhaust manifolds.
“Cadence’s computational software expertise and expanding
multiphysics portfolio are accelerating digital wind tunnel
experimentation for the aerospace industry,” said Tom Beckley,
senior vice president and general manager of the Custom IC &
PCB Group at Cadence. “The acquisition of Pointwise’s proven CFD
meshing technology catapults Cadence into a leadership position by
addressing critical complexities in the analysis workflow, giving
engineering teams rapid insight, predictability and high accuracy
of their system design well before physical production.”
“Pointwise is dedicated to delivering industry-leading mesh
generation capabilities,” said John Chawner, president of
Pointwise. “We are very excited to enhance Cadence’s CFD strategy
with our deep meshing expertise and talented team. The combined
technologies of Cadence, NUMECA and Pointwise significantly expand
Cadence’s CFD and electromechanical analysis solutions, customer
base and engineering talent.”
The terms of the transaction were not disclosed. The acquisition
is expected to be immaterial to revenue and earnings this year.
About Cadence
Cadence is a pivotal leader in electronic design, building upon
more than 30 years of computational software expertise. The company
applies its underlying Intelligent System Design strategy to
deliver software, hardware and IP that turn design concepts into
reality. Cadence customers are the world’s most innovative
companies, delivering extraordinary electronic products from chips
to boards to systems for the most dynamic market applications,
including consumer, hyperscale computing, 5G communications,
automotive, mobile, aerospace, industrial and healthcare. For seven
years in a row, Fortune magazine has named Cadence one of the 100
Best Companies to Work For. Learn more at cadence.com.
About Pointwise
Pointwise is recognized as a worldwide provider of mesh
generation software for computational fluid dynamics (CFD)
applications. Pointwise software is used by expert analysts,
primarily in aerospace, to achieve accurate representations of
designs for analysis, leading to superior product quality and
performance at a reduced engineering cost. Learn more at
pointwise.com.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements regarding the expected benefits to Cadence,
its products and its customers from the acquisition and the
expected timing of the closing, that are based on current
expectations and preliminary assumptions that are subject to
factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
These forward-looking statements are subject to a number of risks,
uncertainties and other factors, many of which are outside
Cadence’s control, including the effects of the acquisition on
Cadence’s financial results and business, the ability to
successfully operate or integrate Pointwise into Cadence, the
ability to retain and integrate Pointwise employees into Cadence,
the changes in customer demands and markets and other risk factors
set forth in Cadence’s most recent reports on Form 10-K and Form
10-Q. Cadence undertakes no obligation to update any
forward-looking statement in this press release.
© 2021 Cadence Design Systems, Inc. All rights reserved
worldwide. Cadence, the Cadence logo and the other Cadence marks
found at www.cadence.com/go/trademarks are trademarks or registered
trademarks of Cadence Design Systems, Inc. All other trademarks are
the property of their respective owners.
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