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ANSYS acquires Ansoft for $832M

Posted: 04 Apr 2008 ?? ?Print Version ?Bookmark and Share

Keywords:EDA software? simulation? acquisition?

Simulation software firm ANSYS Inc. has signed a definitive agreement to acquire EDA software provider Ansoft Corp. for approximately $832 million in a mix of cash and ANSYS common stock.

The acquisition marks ANSYS' first foray into the EDA software industry and is expected to enhance the breadth, functionality, usability and interoperability of the combined ANSYS portfolio of engineering simulation solutions. The combination targets to increase operational efficiency, lower design and engineering costs for customers, and accelerate development and delivery of new and innovative products to the marketplace.

In addition, combining both companies' software products and services is expected to give ANSYS complete and independent engineering simulation software offerings, reaffirming its commitment to open interface and flexible simulation.

"This combination will further strengthen these values and will allow us to better serve our customers by accelerating the delivery of comprehensive, customer-driven engineering simulation solutions and by enabling us to provide high quality support throughout the world," said James Cashman III, president and CEO of ANSYS. "The simulation technologies that Ansoft adds complement and broaden the existing ANSYS portfolio of simulation solutions, enabling the combined company to deliver the integration, efficiency, functionality and interoperability required by customers across a broad range of industries and applications."

"The combination of our R&D teams, complementary technological strengths and our commitment to quality will enhance our ability to deliver comprehensive, innovative, world-class simulation software technologies that customers demand," said Zoltan Cendes, founder, chairman of the board and chief technology officer of Ansoft. Cendes will join ANSYS' board of directors following the closing of the transaction.

"The combination of Ansoft's extensive portfolio of electromagnetics, circuit and systems simulation solutions with ANSYS' existing simulation capabilities creates a 'best of breed' company that will continue to lead the evolution and innovation of engineering simulation by enabling customers to improve their product development processes, eliminate physical prototypes, reduce time-to-market for new products and improve product innovation and performance," said Nicholas Csendes, president and CEO of Ansoft.





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