HPC managed services provider CPU 24/7 has been acquired by IAV GmbH, a leading engineering services firm for the automotive industry.
We are very happy we found such a good home for our company”, says Dr. Matthias Reyer, Co-Founder at CPU 24/7. “By combining CPU 24/7’s strength in CAE and HPC applications with IAV’s leading automotive engineering services, the company is perfectly positioned to continue providing their clients with the best services available on the market today.”
This acquisition equips IAV with unparalleled experience in CAE and HPC applications. CPU 24/7’s singular knowledge in the configuration, provision and maintenance of supercomputing systems will give IAV the ability to offer its automotive clients hosted HPC services, outsourcing resource-intensive CAE tasks that would otherwise be uneconomic or impossible.
It has been a distinct pleasure to advise the founders of CPU 24/7 on this exciting new chapter in the life of their company with IAV,” said Axel Brill, transaction lead from Hampleton Partners. “Their unique knowledge of, but also passion and vision for the industry, are plain to see in the successful company they have built. By providing such highly-configured HPC solutions, CPU 24/7 has not only been able to deliver market-leading solutions to the industry giants, but has also democratized access to mission-critical CAE applications for SMEs as well.”
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