Rocscience, Backed by TA, Expands Global Presence with DIANA FEA Acquisition
TORONTO - Rocscience Inc., a leading geotechnical software solutions provider, in collaboration with global private equity firm TA Associates (TA), proudly announces the acquisition of DIANA FEA (DIANA). Based in the Netherlands, DIANA specializes in the development of multi-purpose Finite Element Analysis (FEA) software, reinforcing Rocscience's commitment to advancing engineering solutions globally.
DIANA, based on its strong heritage from the Dutch Organization for Applied Scientific Research (TNO), has emerged as a trusted and respected commercial partner for a number of leading engineering and energy companies, research and government organizations, and construction firms. Renowned for its high-end nonlinear FEA solutions, DIANA has solidified its position as a key player in providing world-class software products and services across various engineering sectors.
Dr. Maziar Partovi, MD at DIANA, expressed excitement about the collaboration, stating, “With a great synergy in adapting cutting-edge technologies and complementary solutions between DIANA and Rocscience, we are more confident than ever in our ability to achieve our vision of becoming the industry standard for nonlinear Finite Element Analysis worldwide.”
Founded in 1996, Rocscience specializes in 2D and 3D modeling, simulation, and analysis of rock and soil behavior. The company's team of industry experts is dedicated to developing the most advanced geotechnical software for professionals in the civil, structural, and mining industries. The acquisition of DIANA is a testament to this commitment and significant milestone in Rocscience's expansion strategy.
Dr. Thamer Yacoub, CEO & President at Rocscience, remarked, "In DIANA, we've found a partner that will propel our Finite Element product and service offerings. With our combined talent and product portfolio, I am confident that we can rightfully claim leadership in the geotechnical and structural Finite Element space."
The combined company has a customer base of 12,000 professionals across 120 countries, further solidifying Rocscience’s standing as a dominant force and global leader in engineering software solutions.
TA’s investment in Rocscience in 2023 played a pivotal role in catalyzing this growth opportunity. Nick Leppla, Director at TA and a member of the Rocscience Board of Directors, noted, "This collaboration exemplifies a commitment to innovation, customer-centric values and the continued evolution of civil and geotechnical software solutions on a global scale."
The financial terms of the transaction remain undisclosed.
Founded in 1996, Rocscience is a leading developer of 2D and 3D software for civil, mining, and geotechnical engineers. For over 20 years, we have built on leading-edge research to create the best geotechnical software available. As engineers ourselves, we know the importance of having reliable and easy-to-use software. That’s why we constantly develop and refine our programs to make expert solutions that work for thousands of geotechnical engineers around the globe. For more information, visit www.rocscience.com.
TA Associates (“TA”) is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. For more information, visit www.ta.com.