zSpace Acquires BlocksCAD to Enhance STEM Education Through 3D Design
Deal News | Mar 11, 2025 | Globenewswire
zSpace, a prominent company in augmented and virtual reality education, has announced its acquisition of BlocksCAD, a platform specializing in 3D design and modeling for STEM education. The integration of BlocksCAD into zSpace’s ecosystem aims to revolutionize STEM education by providing students and educators with innovative tools to explore complex concepts in technology, engineering, and mathematics. This strategic move enhances zSpace’s commitment to delivering hands-on learning experiences worldwide. The acquisition also brings together expertise from both companies to inspire students and prepare them for careers in STEM fields. The integration process will begin immediately, with new tools and collaborative features being introduced in the coming months. Both zSpace and BlocksCAD are enthusiastic about this partnership, which they believe will redefine how technology can empower learners to create and innovate.
Sectors
- Education Technology
- Augmented and Virtual Reality
Geography
- United States – zSpace is headquartered in San Jose, California, indicating the primary geography of the company involved in the acquisition.
Industry
- Education Technology – The article focuses on zSpace and BlocksCAD's activities in revolutionizing education through technology, particularly involving augmented and virtual reality and 3D modeling.
- Augmented and Virtual Reality – zSpace operates within this sector, delivering AR/VR experiences aimed at improving educational outcomes, which is at the core of the acquisition of BlocksCAD.
Financials
- Not disclosed – The financial terms of the acquisition between zSpace and BlocksCAD were not specified in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| zSpace | Bidding Company | Company | zSpace is a leader in augmented and virtual reality (AR/VR) education, enhancing learning through innovative technologies. |
| BlocksCAD | Target Company | Company | BlocksCAD is a cutting-edge platform specializing in 3D design and modeling for STEM education, fostering learning through project-based environments. |
| Paul Kellenberger | CEO of zSpace | Person | CEO of zSpace, involved in the strategic acquisition to enhance the company's product offerings. |
| Sol Menashi | CEO of BlocksCAD | Person | CEO of BlocksCAD, expressing enthusiasm about joining zSpace and enhancing STEM education. |