Aavid Corp. completes acquisition
Aavid Corporation has acquired Qfinsoft Technology.
Based in British Columbia, Canada, Qfinsoft specialises in developing software for the simulation of fluid flow, thermodynamics, and combustion processes. Its Qfin software is widely used in fluid flow and thermal management applications and its Qled software is the only product of its kind for solid state lighting applications.
Aavid is a portfolio company of Audax Private Equity, an investor in middle market companies, which has over $6 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.
Alan Wong, CEO of Aavid, says: 'Qfinsoft is a technology leader in the modelling of physics and transport processes in specialised components such as LEDs, heat sinks, heat pipes, liquid cold plates and other thermal management products. Qfinsoft has collaborated with Aavid for over a decade to develop specialised models for such thermal management technologies and provides an excellent platform for our customers to apply our new products like pulsed jets.'