CAMBRIDGE, UK With its acquisition of Extessy, Artisan Software Tools adds system requirements, co-simulation, integration and test tools to its product portfolio while extending its professional services capability in Germany.
“This is a significant next step in our 'complex systems tools market' consolidation program,” said James B. Gambrell, President and CEO of Artisan Software Tools.
“Extessy’s offerings, vertical markets and German reach complement our existing organization and align precisely with our business plans. The real benefit of our joining together with Extessy is not just the scale it gives us, but that our joint offerings work together to help our customers work as one.”
Extessy was founded in 2000 as a provider of software tools and consulting services for embedded system development, deriving the bulk of its business from the German automotive industry.
The combined companies will significantly expand Artisan’s operations in Germany. All of the Extessy team will join Artisan, extending Artisan's knowledge within the key automotive industry, bolstering its professional services capability and extending its global reach.
As a direct result, Artisan will be moving its German headquarters from Munich to Extessy's Wolfsburg offices, while still retaining a regional presence in Munich.
The merger combines Extessy’s operating business including all products and underlying intellectual property, professional services and expertise with Artisan's existing German operations.
The product portfolio includes the Exerpt requirements interchange and management platform based on the requirements interchange format, the Exite co-simulation platform and Exact automated test and validation platform.
The sizeable professional services practice focuses on system engineering process consulting, tool customization, training and product support.