ANSYS, a provider of engineering simulation software, completed the acquisition of Lumerical, a developer of photonic design and simulation tools. Financial terms were not disclosed. "Lumerical is a perfect fit with Ansys. The potential of photonics in applications like 5G, IIoT and autonomous vehicles can only be realized by solving immense multiphysics device and system challenges. Together, Lumerical and Ansys are uniquely positioned to provide the necessary solutions, and customers of both companies will reap tremendous rewards from this dynamic acquisition," James Pond, Lumerical Co-CEO and CTO.