ANSYS to Acquire Ansoft

By DE Editors

ANSYS, Inc. (Southpointe, PA), a globalinnovator of simulation software and technologies designed to optimize productdevelopment processes, and Ansoft Corporation (Pittsburgh, PA) have signeda definitive agreement whereby ANSYS will acquire Ansoft for approximately $832million in a mix of cash and ANSYS common stock.

Ansoft is a global provider of high-performance ElectronicDesign Automation (EDA) software. The software is based on more than 25 years ofR&D by experts in electromagnetics, circuit and system simulation. Engineersuse Ansoft products to simulate high-performance electronics designs found inmobile communication and Internet devices, broadband networking components andsystems, integrated circuits, printed circuit boards, and electromechanicalsystems.

According to the release, the complementary combination ofAnsoft's and ANSYS' software products and services is expected to give ANSYS oneof the most complete, independent engineering simulation software offerings inthe industry, reaffirming and strengthening ANSYS' commitment to open interfaceand flexible engineering simulation solutions that are primarily driven bycustomer demand, flexibility, and choice.

Upon the closing of the transaction, Ansoft stockholders willown approximately 12 percent of the combined company on a pro forma basis. Apresentation describing the transaction will be made available on the ANSYSwebsite at http://www.ansys.com under the Investors tab.

For further details, go to ANSYS, Inc. or Ansoft Corporation.

Sources:Press materials received from the company and additional information gleanedfrom the company's website.