CHICAGO, Nov. 28, 2017 /PRNewswire/ -- No Magic, the leading global provider of systems modeling, simulation and analysis solutions and services, has signed an agreement to be acquired by Dassault Systèmes, a world leader in 3-D design and engineering software.
Sikich Investment Banking served as the exclusive sell-side adviser for No Magic.
"No Magic's award-winning software used across multiple industries to model complex systems is transformative," said Kurt Estes, director at Sikich Investment Banking and leader of the group's work in the technology industry. "The company's software facilitates the design and implementation of complex engineering systems, decreasing the time and investment necessary to bring products to market. No Magic will fit seamlessly within Dassault Systèmes and expand its capabilities and offerings."
Sikich Investment Banking offers mergers and acquisitions and capital markets advisory services. The team has deep experience across many industries, particularly technology, manufacturing and distribution, health care and life sciences, and business and professional services.
"We're excited to be a part of this significant deal in the engineering and technology space," said Rick Herbst, partner-in-charge of Sikich Investment Banking. "With extensive, on-the-ground experience in the technology industry, our team is uniquely positioned to advise companies and guide them through mergers and acquisitions and capital-raising efforts."
Headquartered in Allen, Texas, with facilities in Europe and Asia, No Magic offers a wide range of software solutions for model-based systems engineering (MBSE), enterprise architecture, semantic modeling and interoperability.
"Joining Dassault Systèmes, a leading provider of advanced engineering solutions, will greatly extend our global reach," said Gary Duncanson, president and CEO of No Magic. "We're delighted to join the Dassault Systèmes team, a global leader in 3-D engineering software solutions. There is a strong fit between our respective solutions that will benefit customers, linking conceptual and logical architectures of complex systems into the 3DExperience to make virtual into reality."
Transaction terms were not disclosed.
About Sikich LLP
Sikich LLP, a leading professional services firm specializing in accounting, technology, investment banking* and advisory services**, has more than 800 employees throughout the country. Founded in 1982, Sikich now ranks as the country's 27th largest Certified Public Accounting firm and is among the top 10 of all enterprise resource planning solution partners in the country. From corporations and not-for-profits to state and local governments, Sikich clients can use a broad spectrum of services and products that help them reach long-term, strategic goals.
*Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC.
**Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.
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SOURCE Sikich LLP