Mergers and Acquistions News
Categories: Media & Information Services
July 13th 2010, 19:22PM
Simulation software firm Accelrys has completed its merger with information management company Symyx Technologies.
The merger means Symyx stockholders will each receive approximately 0.7802 shares of the Accelrys common share stock for each share of Symyx common stock that they own.
The merged entity plans to create more transparent and flexible environments for its customers, reduce operating costs and invigorate the potential for more innovation.
Max Carnecchia, chief executive officer of Accelrys, welcomed Symyx.
"We welcome new Symyx stockholders, and also thank our customers, partners and employees for their ongoing support during the merger process.
"The new organisation creates a well-differentiated company that is uniquely qualified to be a leading force in the scientific informatics software industry," he said.
Earlier this year Symyx rejected an offer from Certara Corp and moved to affirm its commitment to Accelrys, according to Reuters.
The merged companies will now trade on the NASDAQ stock exchange as Accelrys, Inc.
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