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Brian Stafford, President and CEO of ChemSW, said, "Outdated modes of tracking chemicals have posed a significant challenge for companies that need to meet and document EH&S compliance requirements.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.
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.