NEWS: Artisan and Aonix merge to form Atego
LONDON Artisan Software Tools (Cheltenham, UK) and Aonix (San Diego, Calif.) are merging to create a global powerhouse for mission- and safety-critical systems and software development tools.
The merged company, named Atego, will be headquartered in San Diego.
Artisan Software Tools is anindependent supplier of industrial-grade, collaborative modeling tools for complex, mission and safety-critical systems and software while Aonix is a supplier of critical systems development tools, virtual machines and services for real-time/embedded Java and Ada solutions.
The combination will enable Atego to provide design and development tools and services for modeling architectures, complex mission and safety-critical systems and software, along with Ada and Java development solutions.
The full product suite also includes tools for requirements interchange, co-simulation, tool-chain integration, process authoring and deployment.
Atego, which will have operations in the US, UK, Germany, France and Italy, is seen as the starting point for future market consolidation and an 'engineering focused' integrated tool chain encompassing architecture, systems, software and hardware.
Artisan has been on the acquisition trail for several years most recently buying Extessy in Nov 2009 having previously bought Brass Bullet's consultancy and training operations in October. In July 2009 Artisan acquired the HOOD Bridge technology from Objektum Solutions Ltd. and renamed it Artisan HOOD Bridge. In June 2008 it acquired the operating business of High Integrity Solutions Ltd. (Southampton, England).
The management, employees and existing shareholders continue to own the majority of the combined group, with backing from leading institutional investors ETV and Spark Ventures.
| James B. Gambrell|
Executive Chairman of Atego
"In addition to the clear strategic benefits of combining these two, highly complementary organizations and product families, we can create substantial scale and gain access to new growth opportunities. Even at such a challenging time within our industry, both organizations have achieved success, allowing us to combine and play a market-leading role," added Gambrell.
| Pierre Cesarini|
CEO of Atego
All Artisan and Aonix employees will be transitioned to Atego and its strategic engineering centers in San Diego, Tucson, Cheltenham, Wolfsburg (Germany),Paris, will continue to advance the development of the combined product suite.
"This merger will also allow Atego to offer its customers an even more robust solution set that spans products categories and design methodologies and offers engineering organizations solutions to address a wide range of engineering challenges across the development cycle," said Chris Rommel, Analyst in VDC's Embedded Software and Tools Practice.
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