Scientific research and development software service Accelrys Inc. (Nasdaq: ACCL) has completed the $30 million acquisition of Aegis Analytical Corp.
The deal, originally announced on Oct. 23, is expected to grow Accelrys' portfolio with improved services, which include analyzing laboratory data as a means to achieve better and more accurate results.
The transaction comes on the heels of a money-losing quarter for Accelrys, which during its most recent quarter that ended June 30, lost $520,000 on revenue of $38.4 million.
Aegis' headquarters will remain in Lafayette, Colo.
Law firm Paul Hastings LLP counseled San Diego-based Accelrys on the acquisition. Senior associate Scott Oross led the team, which included partner Carl Sanchez, along with associates Elizabeth Razzano and Laura McGurty.