3D Systems Corporation has announced that it has acquired San Francisco start-up Bespoke Innovations™, Inc. Bespoke develops proprietary, integrated scan, design and print technology that is designed to deliver custom fit prosthetics, orthotics and orthopaedic devices that improve treatment and lifestyle outcomes.
In case you’d never heard of either company, 3D Systems, as its name suggests, provides 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. These so-called content-to-print solutions are an effective design tool, reducing the time and cost of designing new products by printing real parts directly from digital input. These solutions are used to rapidly design, communicate, prototype and produce functional parts, empowering its customers to create with confidence.
Bespoke Innovations Inc. focuses on customised prosthetics and describes itself as “committed to bringing more humanity to people who have congenital or traumatic limb loss”.
Bespoke products improve the lives of amputees by restoring their body symmetry and enabling them to respond to their loss with a choice of personalised, customised prosthetics.
Although 3D Systems, says in its press release that it expects to make additional R&D investments before it can commercialise new Bespoke products, it affirms its previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 Non-GAAP EPS. The company does not expect this acquisition to be material to its revenue for the remainder of 2012.
3D Systems plans to integrate Bespoke into its growing healthcare solutions services and leverage its integrated scan, design and print technology and know-how to develop and commercialise a full range of innovative, ventilated and lightweight custom fit prosthetics, orthotics and orthopedics.
“This is an exciting and timely development that fuses together essential Bespoke and 3D Systems technologies to deliver an expanded range of life enhancing, cost effective treatments for the benefit of patients and providers alike, within existing insurance reimbursement codes,” said Scott Summit, co-founder of Bespoke Innovations(TM).
for 3D systems
“Bespoke products can deliver extraordinary individualization and style to an underserved audience through its extraordinary designs and proprietary scan-to-print technology,” said Abe Reichental President & CEO, 3D Systems. “We plan to fast-track additional Bespoke products to market and to enhance their affordability and availability through our technology and manufacturing infrastructure.”
Source: 3D Systems Inc., Globe Newswire