Company Profile: Ansoft

Company History

Ansoft was founded in 1984 and grew out of research conducted at Carnegie Mellon University by Ansoft’s chairman and chief technology officer, Zoltan J. Cendes, and his colleagues. In 1990, Ansoft shipped the first version of HFSS™ which has become the industry-standard software for S-parameter, Full-Wave SPICE™ extraction, and 3D electromagnetic field simulation of high-frequency and high-speed components. Propelled by the strength of HFSS, Ansoft grew to become a leading developer of high-performance Electronic Design Automation (EDA) software. The software’s unique ability to leverage electromagnetics across component, circuit and system design has allowed companies worldwide to design mobile communication, internet-access, broadband networking components and systems, integrated circuits (ICs) and printed circuit boards (PCBs) as well as electromechanical systems such as automotive components and power electronics systems. In April 1996, Ansoft completed its initial public offering and began trading on the NASDAQ stock exchange under the symbol “ANST.”

Company Today

On March 31, 2008 Ansoft Corp. and ANSYS, Inc. announced the signing of a definitive agreement to combine the two companies to create the leading provider of “best-in-class” simulation capabilities. ANSYS is a leading developer of engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The combined company will have combined trailing 12-month revenues of $485 million, over 40 direct sales offices and 21 development centers on three continents and approximately 1700 employees worldwide. The combined global operations of Ansoft and ANSYS will enhance the breadth, functionality, usability and interoperability of the combined portfolio of engineering simulation solutions. The combination is expected to increase operational efficiency and lower design and engineering costs for our customers, and accelerate development and delivery of new and innovative products to the marketplace. The complementary combination of Ansoft’s and ANSYS’ software products and services will give the combined company one of the most complete, independent engineering simulation software offerings in the industry.