Cybernet Systems to acquire Maplesoft
Sale to be completed by early September.
Maplesoft announced that it has signed a definitive agreement to be acquired by Cybernet Systems Co., Ltd., a Tokyo-based major Japanese importer/distributor of CAE software. The acquisition is expected to be completed at the beginning of September of this year.
Cybernet worked with Maplesoft for many years as a reseller of Maplesoft products in Japan, substantially growing the math and engineering customer base in both the academic and professional markets, the company said.
“We at Cybernet Systems are confident that Maplesoft will bring to us world-class technology, expertise and know-how, combined with an expanding international client base in technical calculation and physical modeling,” said Kuniaki Tanaka, president of Cybernet Systems.
According to the companies, Maplesoft will continue to function as a separate entity; customer contacts for sales, support and customer service will remain the same. In addition, Maplesoft products and solutions will continue on a consistent development cycle, without interruption.
“I’m pleased with the ability this partnership gives us to further advance our products and solutions,” said Jim Cooper, Maplesoft president and CEO. “With long-term support and investment from Cybernet into further research and development for our products, I am excited about the possibilities that lie ahead as we continue to develop a state-of-the-art environment that will transform the way engineers, scientists, mathematicians, educators and students use technology.”