Carmel Software Company Acquired

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Carmel-based software developer Anacore Inc. has been acquired by Prysm Inc. in California. The move is expected to result in about 20 new jobs at Anacore over the next year.

Carmel, Ind. — Prysm, a Silicon Valley-headquartered video wall company, has acquired Carmel-based Anacore. Anacore is a software development firm specializing in solutions that simplify business processes.

Most recently, Anacore's Synthesis platform has garnered industry attention for its powerful collaboration capabilities. Synthesis users can display, share, reposition, resize, annotate, and edit all types of content on screen. Likewise, Prysm’s Cascade-series collaboration video walls offer the screen real estate to fully realize the potential of the Synthesis platform. Prysm’s Cascade 190 has a 75-square-foot display area. With more and more customers wanting the combination of Anacore's Synthesis and Prysm’s Cascade-series collaboration video walls, it made great sense to bring the two companies together.

Amit Jain, president and chief executive officer for Prysm said, “Anacore’s solutions deliver a broad range of collaboration capabilities that address our customers’ need to connect people, and share data and ideas in ways that enhance workflow, increase productivity, and accelerate decision making.”

“This is an exciting time at Anacore,” stated Brandon Fischer, President and Founder of Anacore. “Over the past four years, we have established ourselves as a leading innovator in touch-enabled software solutions. With the resources, relationships and support Prysm brings to ther table, we now have our sites set on being a worldwide leader in touch-enabled solutions for communication and collaboration applications.”

Anacore's 10-person team is expected to triple in the next 12 months to meet the demand. Prysm customers include CNBC, Time Warner and GE. Anacore clients include Intel, Uber, Twitter, Eli Lilly and Co., Columbia University , Lowe Campbell Ewald and Canadian Tire Corp. Financial terms of the transaction were not disclosed.

Source: Anacore Inc.