CUPERTINO, Calif., April 18, 2017 /PRNewswire/ -- Thornton Tomasetti, an international engineering, design, and analysis services company, announces the strategic spinout of its PZFlex business unit. PZFlex, developed by the Weidlinger Applied Science practice, is now PZFlex LLC, headquartered in Cupertino, CA, USA, and PZFlex LTD, a subsidiary headquartered in Glasgow, UK.
"Over the past few decades, we have established PZFlex as a leading provider of, innovative finite element analysis (FEA) simulation products for the rapidly growing computer aided engineer (CAE) market," says Thornton Tomasetti chairman & CEO Thomas Scarangello. "By allowing the company to operate as an independent entity, PZFlex LLC is now free to grow quickly, expand its portfolio of products, enter new markets, and become a global leader in the FEA simulation software space."
Thornton Tomasetti tapped Atlanta-based The Combine to manage the spinout and provide executive management and support for the new company. The Combine, headquartered in Atlanta, GA, USA, partners with leading enterprises to convert promising intellectual property into viable, scalable businesses. Both Thornton Tomasetti and The Combine will take an equity stake in the new company and sit on the PZFlex board. KP Reddy, CEO of The Combine, will serve as interim CEO of PZFlex LLC.
"We are excited to work with Thornton Tomasetti to build PZFlex into a recognized competitor in the FEA space," says Reddy. "We will expand on the amazing work of the PZFlex team to create world-renowned solutions for FEA simulation and capture a significant portion of the FEA market."
PZFlex markets highly efficient finite element analysis software for piezoelectric and wave-propagation applications. PZFlex has been at the cutting edge of product design and analysis for over 20 years, and its simulation tools are currently deployed by Fortune 100 companies and startups alike.
Contact: Ian Campbell, CMO
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