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Announced

Completed

Gerber Technologies acquired Avametric from Khosla Ventures.

Synopsis

Gerber Technologies, a software company, acquired Avametric, which owns and operates an online platform, which creates digital garments for brands, from Khosla Ventures, a venture capital fund. Financial terms were not disclosed. “Avametric’s strengths and capabilities are the perfect complement to our fully integrated software portfolio. They have the industry’s best talent pool of scientists, designers and developers for 3D,” said Karsten Newbury, SVP and GM of Software at Gerber Technology. “Our team and many of our customers have already recognized that Avametric has the best fabric simulation engine in the industry and now we are able to connect consumer-facing virtual try-on software with our AccuMark and YuniquePLM® platforms to deliver an end-to-end workflow. This allows our customers to provide their consumers personalized products “on demand”. The deal will also help us to continue to accelerate our 3D developments for our large user base globally – helping them to significantly increase speed and productivity of the creative and development process.”

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