Accelrys acquires compliance and quality management firm QUMAS

Accelrys announced that it has acquired Ireland-based QUMAS. In consideration for acquiring all of the outstanding capital stock of QUMAS, Accelrys agreed to pay to the QUMAS shareholders a total of approximately $50M in cash, subject to working capital and other adjustments. The transaction is expected to be neutral to Accelrys' Non-GAAP earnings per share for the year ending Dec. 31, 2013 on $1-2M in Non-GAAP revenue contribution. The audited financial statements of QUMAS for the years ended Dec. 31, 2012 and 2011 have been prepared in accordance with generally accepted accounting practice in Ireland. The consolidated profit and loss accounts for the years ended Dec. 31, 2011 and 2012 reported revenue of $15.2M and $19.3M, respectively.