Stratasys Snaps Quality Assurance Software Provider Riven For Undisclosed Terms

Leading polymer 3D printing solutions provider Stratasys, Ltd SSYS acquired quality assurance software company Riven.
The financial terms of the transaction remained undisclosed.
The Berkeley, Calif.,-based start-up has been a Stratasys connectivity software partner.
Riven will fully integrate its cloud-based software solution into Stratasys' GrabCAD Additive Manufacturing Platform.
"By integrating Riven's offerings into our GrabCAD software platform, we will enable more manufacturing customers to adopt Stratasys solutions for end-use parts production," said Stratasys Vice President of Global Software Shaul Samara.
"This important functionality will help ensure production-scale parts are 3D printed accurately and can be inspected quickly within a closed-loop additive manufacturing process."
By integrating Riven's software into a closed-loop 3D printing process, Stratasys can help its customers scale their shipments of 3D-printed end-use parts while reducing waste through fewer iterations to improve sustainability.
Riven founder James Page became a software vice president at Stratasys.
The acquisition, which closed in October 2022, included all intellectual property associated with Warp Adaptive Modeling (WAM) and Predictive WAM (PWAM).
Members of the Riven team will join the Stratasys Software business unit.
Stratasys held $441.5 million in cash and equivalents as of June 30.
Price Action: SSYS shares closed at $13.76 on Monday.