CD-adpaco Buys Red Cedar Technology
CD-adapco executive vice president Bill Clark has announced the acquisition of Red Cedar Technology Incorporated. CD-adapco is the largest private CFD focused provider of computer-aided engineering software company. Red Cedar is known for developing the Heeds Multidisciplinary Design Optimization software. The HEEDS MDO will be added to CD-adapco’s suite of Computer Aided Engineering simulation tools including STAR-CCM+, STAR-CD, Battery Design Studio, and SPEED.
“I doubt that anyone who has been watching us closely will be surprised by this acquisition,” stated CD-adapco EVP Bill Clark. “For the last five years we have been redefining the paradigm for CAE licensing, with the stated intention of allowing our customers to perform multi-disciplinary design exploration studies that capture all the real world physics that are likely to influence a potential product during its operational life. Up until now, the key-missing component in this strategy has been a best-in-class process automation and optimization tool. CD-adapco’s acquisition of Red Cedar Technology will empower our customers to leverage their simulation models by optimizing potential designs across the entire design space.”
Red Cedar Technology will operate as a wholly owned subsidiary of CD-adapco. Bob Ryan will continue to work as President and Bill Clark will take over as the role of CEO.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry