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ChemSW acquired by Accelrys
Combining Accelrys and ChemSW results in comprehensive set of software tools for optimizing chemical and materials selection and processing throughout the scientific innovation lifecycle
Pat Spink
,
Co-Founder & Vice President of Business Development
I would like to thank the SEG team for a great experience. While the process was challenging, I learned so much from all of you and, indeed, the end result was incredible. It really makes me reflect on the botched M&A processes we went through in earlier years by trying to manage it ourselves or using other intermediaries. Your company is first rate!"
- Pat Spink, Co-Founder and Vice President of Business Development, ChemSW
SEG served as exclusive advisor to ChemSW
Client Description
The company
ChemSW is a provider of Environmental Health & Safety (EH&S) compliance solutions
Headquarters
Fairfield, CA
Buyer Description
The company
Accelrys, Inc. (NASDAQ: ACCL) is a leading provider of scientific innovation lifecycle management software.
Headquarters
San Diego, CA
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PRESS RELEASE OVERVIEW
SEG Client, ChemSW, Acquired By Accelrys
SAN DIEGO, CA – September 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Brian Stafford, President and CEO of ChemSW, said, “Outdated modes of tracking chemicals have posed a significant challenge for companies that need to meet and document EH&S compliance requirements.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.