Stratasys 3D Printing Buying GrabCAD For $100M
Stratasys, the leading global provider of 3D printing solutions, is set to acquire privately-held GrabCAD, Inc. in an all-cash transaction.
What GrabCAD gives to Stratasys is twofold.
First, it gets a collaboration platform in the form of Workbench – which launched last year as a place for a CAD workgroup to access and develop local and cloud-based files.
And second, Stratasys gets a vertically-focused social networking community, in this case currently serving over 1.5 million mechanical engineers who connect with each other, exchange ideas, seek out partners in crime, and can access a library of over 500,000 CAD models.
Vertically-focused social networks is an area that some VCs and others have highlighted as an area of interest as we see more maturation in social media, and a desire less for catch-all, huge communities and more for targeted and focused experiences.