Simulation and EDA Software Providers Merge

Apr 7, 2008 4:16 PM

ANSYS, a provider of simulation software and technologies designed to optimize product development processes, and Ansoft, a provider of electronic design automation (EDA) software, have signed a definitive agreement whereby ANSYS will acquire Ansoft for a purchase price of approximately $832 million in a mix of cash and ANSYS common stock. According to the two-Pittsburgh-based companies, the complementary business combination of ANSYS and Ansoft will create the leading provider of 'best-in-class' simulation capabilities, with combined trailing 12-month revenues of $485 million.

Ansoft is a developer of high-performance EDA software based on more than 25 years of research and development by experts in electromagnetics, circuit and system simulation. Engineers use Ansoft products to simulate high-performance electronics designs found in mobile communication and internet devices, broadband networking components and systems, integrated circuits, printed circuit boards and electromechanical systems.

The acquisition of Ansoft is ANSYS’ first foray into the broader EDA software industry and will enhance the breadth, functionality, usability and interoperability of the combined ANSYS portfolio of engineering simulation solutions. With over 40 direct sales offices and 21 development centers on three continents, the combined company will employ approximately 1,700 people.