ANSYS Earns Highest Rating From Investor's Business Daily

Software Company Scores in Top 1 Percent, Based on Stock Performance.

ANSYS (NASDAQ: ANSS), a developer of engineering simulation software, is one of only six technology businesses worldwide to receive the highest possible score in a new list of stock ratings published by Investor's Business Daily. The financial publication's SmartSelect Composite Ratings of publicly traded companies grade stock performance on a scale of 1 to 99. ANSYS earned a rating of 99 earlier this month, the highest possible score. This places ANSYS among the top 1 percent of all stocks reviewed by the publication.

In compiling its SmartSelect Composite Ratings, Investor's Business Daily considers many factors, including earnings per share, relative price strength, sales and profit growth and return on equity. In 2011, shares in ANSYS grew 18 percent.

"Engineering simulation is a rapidly growing field because it helps companies overcome their greatest challenge — speeding the product development process, while maintaining a high degree of confidence in product integrity," said Jim Cashman, president and CEO of ANSYS. "By designing and assessing products in a low-risk virtual environment, engineering teams can make sure they 'get it right' rapidly and cost-effectively, with minimal investments in physical prototypes and field testing. We expect applications for ANSYS software to continue to grow, as both engineers and executives realize the promise of Simulation-Driven Product Development™. Our company's strong performance reflects the real value that ANSYS solutions add for customers around the world, every day and in every industry."

ANSYS 14.0 Delivers Capabilities for Improved Efficiency, Accuracy, Speed and Innovation in Product Development

ANSYS (NASDAQ: ANSS) has launched the newest release of its engineering simulation technology suite, ANSYS® 14.0. Designed to optimize product development processes, ANSYS solutions reduce the time and cost needed to foster product innovations.

The advanced technology behind ANSYS 14.0 includes hundreds of new, advanced features that make it easier, faster and less costly for organizations to bring new products to market. The framework for the industry's broadest and deepest suite of advanced engineering simulation technology, ANSYS Workbench™, delivers unprecedented productivity. Tighter integration, for example, brings more physics applications together to power customers' simulation efforts, enabling them to predict with confidence that their products will thrive in the real world.

As a whole, ANSYS 14.0 delivers new benefits in three major areas:

Amplifying engineering: Companies are looking for ways to leverage their existing engineering resources. Engineers are most effective when they concentrate on making engineering decisions rather than performing manual and tedious software operations. ANSYS 14.0 automates many user-intensive operations, which helps product developers minimize time spent setting up problems.

Simulating complex systems: Today's products come with built-in complexity -- such as state changes, nonlinear phenomena and multiphysics interactions. Designs often combine hardware, electronics and software to form a complex system. This requires new approaches to engineering. The latest ANSYS release allows engineers to simulate such complexity as it exists in the real world, from a single component to entire systems, with uncompromising accuracy.

Driving innovation with high-performance computing (HPC): Competitive pressures demand faster and more frequent product introductions; at the same time, products must be innovative, desirable and high quality. Organizations can resolve these conflicting requirements only by evaluating a large number of design alternatives -- more rapidly than ever before. ANSYS 14.0 capitalizes on modern hardware advancements to deliver complex simulation calculations faster than other alternatives on the market today.

"Simulation-Driven Product Development™ has been a core theme of ours for some time. Using simulation, companies can analyze many design iterations early in the process, thus driving innovation. HPC is a key enabler to reduce design cycle times," said Jim Cashman, president and CEO of ANSYS.

Amplifying Engineering
Workbench at ANSYS 14.0 goes well beyond enhancing customized workflows, automatic parametric evaluations, and transparent sharing of common data between different applications. Embedded design optimization capabilities enable design of experiments as well as parametric and six sigma studies to reach the right design. Tools developed specifically to manage engineering simulation data are integrated for use across teams, groups and regions, preserving an organization's intellectual property. ANSYS 14.0 further opens the door for non-traditional users to gain full value from simulation.

In fluid dynamics, prior to setting up a simulation, engineers face the time-consuming task of creating a high-quality mesh. ANSYS 14.0 provides fast and robust capabilities to perform these tasks automatically. The assembly meshing tool extracts fluid volume from CAD assemblies and automatically creates structured Cartesian meshes or unstructured tetrahedral meshes, depending on user goals and preferences.

In the structural mechanics arena, simulating composites structures brings a number of challenges, such as defining hundreds or thousands of plies on a structure that includes various orientations, or analyzing potential failure ply by ply. The dedicated ANSYS Composite PrepPost™ tool provides significant ease of use for such models. ANSYS 14.0 tightly integrates Composite PrepPost with other structural simulation capabilities in Workbench.

When simulation results must be shared among physics, standard practice is to import data -- such as pressure fields, temperatures or heat exchange coefficients -- from external files. Automated algorithms provide an efficient tool to project the data from one mesh to another. In ANSYS 14.0, automated algorithms and weighting options have been enhanced to provide users with additional control and correction capabilities. "Using the ANSYS external data tool to import 3-D scan data, we are able to easily map the thickness of aerodynamic profiles onto 3-D models for static and modal analyses, as well as axisymmetric models for thermomechanical studies of our engines," said Herve Chalons, mechanical and structural analysis engineer at Turbomeca, a Safran company that develops helicopter engines. "The smoothing algorithms and control tools allow us to ensure the quality of interpolated data as well as the robustness of the mapping procedure. Ultimately, this easy-to-use tool will help us save time in setting up our simulation models."

Simulating Complex Systems
R&D teams must accurately predict how complex products will behave in a real-world environment. Only the ANSYS suite comprehensively captures the interaction of multiple physics -- structural, fluid dynamics, electromechanics and systems interactions -- with deep physics and from within a single simulation system.

A new ANSYS Fluent® cosimulation link with ANSYS Simplorer® allows engineers to analyze battery systems in Simplorer without neglecting nonlinear behavior of the fluid system. The cosimulation delivers high-accuracy results of multidomain system simulation using a fully integrated set of tools.

ANSYS 14.0 also introduces two-way electromagnetic coupling with stress analysis and the ability to re-simulate the electromagnetic field distribution on the deformed geometry. Applications include electrical machine, magnetic actuator and electric transformer designs in the automotive, aerospace, and power industries, for which accuracy of localized part deformations is important.

The successful design of many industrial processes depends on accurately predicting the dynamics of, and interaction between, different phases (gas, liquid, solid particles). Because of continuous progress in the area of multiphase modeling, ANSYS fluid dynamics capabilities at 14.0 widen the range of multiphase applications that can be simulated accurately, efficiently and robustly.

Applications that must consider complex nonlinear phenomena -- such as biomedical devices, hot rolled steel, acoustics and brake squeal -- can benefit from the suite's advanced models. For example, biomedical application developers access enhanced material formulations such as the Holzapfel model to capture behavior of fiber-reinforced tissue or shape-memory alloys for stent modeling. Moisture diffusion has been implemented in thermal, structural and coupled simulations for electronic components.

Driving Innovation with HPC
For enhanced insight, ANSYS 14.0 features a comprehensive suite of solver and HPC advancements across the entire range of physics. Smart solver management enhancements -- including architecture-aware partitioning -- evenly size and efficiently distribute jobs to available compute processors. "Petrobras relies on ANSYS software for its superior parallel scalability, together with advanced multiphase models and dynamic meshing," said Carlos Alberto Capela Moraes, technical consultant at CENPES (Petrobras Research and Development Center). "New enhancements such as architecture-aware partitioning and improved scalability will allow us to consider even more detailed, accurate and complete simulations than ever before -- yielding the kind of understanding that is essential to reproducing critical scenarios and complex operations of upstream processing systems in the oil industry."

GPU advancements are being leveraged to produce increased hardware performance. With ANSYS Mechanical™ 14.0, users can take advantage of the latest generation of GPU boards as well as minimize the amount of I/O required for post-processing operations. ANSYS is committed to staying synchronized with the latest computing technologies.

In a compressor or turbine, accurately capturing the transient interaction between rotating and stationary blades is complicated by the different blade count (or pitch) between different stage rows. This pitch change often means that a time-accurate simulation requires modeling the full wheel, a full 360 degrees of geometry -- a transient simulation that is sometimes computationally prohibitive. Users can dramatically reduce computation requirements, in terms of time and memory, with the new advanced transient blade row methods in ANSYS CFD™ 14.0. Only a few blade passages are required for simulation, yet results are highly accurate predictions of transient interactions.

In the antenna design field, an important research topic is analysis of finite-sized antenna arrays, which can provide beam-steering capability. Due to the structures' large size, rigorous analysis with full-wave 3-D simulators has been a challenge. An accepted method is to solve a single element of the array with a linked boundary condition, extracting performance of this single element effectively embedded in an infinite array. Because the method neglects edge effects from the true, finite size of an array, the results are approximations of far-field patterns and element-to-element coupling factors. The new finite array capability in ANSYS HFSS 14.0™, built upon the proven ANSYS domain decomposition and adaptive meshing technologies, models the finite array explicitly. The time- and memory-efficient HPC technique properly predicts the array's behavior including finite-size edge effects.

ANSYS 14.0 is available this week for customer download.

Apache Design's Totem Software Adopted by Fujitsu Semiconductor for Power Noise and Reliability Analysis

Solution from ANSYS Subsidiary Addresses Accuracy, Performance and Capacity for Advanced Process Custom IC Designs.

ANSYS (NASDAQ: ANSS) announced that Totem™ software -- from its subsidiary Apache Design, Inc. -- has been deployed by Fujitsu Semiconductor Limited to analyze and optimize all their custom integrated circuit (IC) designs. This includes analog, memory, high-speed I/O, PMIC (power management IC) and RF ICs that are used in wide variety of consumer, mobile and communications electronic products. As custom IC designs increase in complexity, engineers face the challenges of meeting stringent performance and reliability targets, especially at 28-nanometer (nm) and below manufacturing process nodes. Totem -- a complete power noise and reliability platform for analog/mixed-signal chip designs -- was selected by Fujitsu Semiconductor for its ability to handle large designs and analyze global noise coupling, which can impact chip performance and reliability. It was also chosen for its integration with existing analog design tool environments, a feature that offers improved productivity.

"Apache's Totem enables us to accurately model and simulate power/ground, substrate and package/PCB noise coupling at the full-chip level for advanced process technologies," said Masaru Ito, director of the technology development division, IP and technology development and manufacturing unit of Fujitsu Semiconductor Limited. "By using Totem, we can explore the impact of noise coupling on the circuit's performance and determine if critical layout changes are needed early in the design process, allowing us to increase productivity and lower the risk of re-spin."

"The successful adoption of our Totem platform demonstrates how designers can depend on Apache to deliver products that meet the needs of leading custom designs," said Dian Yang, general manager and senior vice president at Apache. "Totem enables designers to optimize for better performance, lower product cost, meet specifications, and help mitigate design risks."

ANSYS High-Performance Computing Crucial to Red Bull Racing F1 Championships

HPC Solutions Enable High-Fidelity Insight into Car Performance in Shorter Turnaround Times.

Fueled by race car design improvements made using engineering simulation from ANSYS (NASDAQ: ANSS), Red Bull Racing has won both the Drivers' and Constructors' titles of this season's Formula One Championship — for the second consecutive year. Using ANSYS® high-performance computing (HPC) solutions — which rapidly deliver accurate analysis results, even for large and detailed simulations — the Red Bull Racing team continually and quickly optimized its car design in a virtual testing environment on the team's suite of multi-core compute clusters. The insights gained gave them a decisive speed advantage on the racetrack.

The success, a remarkable achievement for the young team, was confirmed following a double-podium finish at the Korean Grand Prix, from which it established clear leads of 140 points in the Constructors' Championship and 127 points in the Drivers' Championship. Red Bull Racing has been widely acknowledged as producing the fastest cars currently in F1.

While fluid dynamics simulation technology is widely used to predict and manage air flows around F1 cars to increase performance, time restrictions placed on all teams require quick, reliable and efficient simulations that also maintain a high degree of accuracy. As a long-term user of ANSYS high-performance computing solutions, Red Bull Racing has benefited from recent technology advances. High-speed processors (CPUs) and related technologies are engaged to solve computationally intensive problems. Because ANSYS delivers significant HPC enhancements with each new release, the Red Bull Racing team is able to solve not only many more smaller models within the same time period, but also to more quickly solve full-car models that contain hundreds of millions of cells.

"ANSYS HPC technology has ensured that we can test and implement changes quickly and competitively," said Nathan Sykes, CFD Team Leader at Red Bull Racing. "This allows us to turn around simulation results for multiple designs between race qualifications on Fridays and Saturdays, and give our aerodynamics team the important and reliable evidence they need to base vital engineering decisions for the final races on Sunday."

With the level of F1 competition as fierce off the track as it is on, engineering teams race to develop their cars as quickly as possible. "To retain freedom to innovate and adapt the car quickly, we rely on a robust modeling process. This puts new designs on the track quickly. To accomplish our goal, we continually need to leverage technologies that help us introduce and evaluate new ideas. With a significant reduction in process times over the last three years, ANSYS HPC solutions have continued to be the tool of choice for us," Sykes added.

"As an innovation partner of Red Bull Racing, ANSYS is committed to delivering immense business value. Red Bull Racing's championship performance two years in a row is testament to the power of our HPC solutions," said Wim Slagter, ANSYS HPC product strategy manager. "The outcome of channeling our expertise and industry knowledge into improved HPC solutions is providing customers a maximum return on their software and hardware investments."

ANSYS Subsidiary Apache Design Launches RTL Power Model, Enabling Early Planning and Accelerating Ultra-Low-Power Design Delivery

New Technology Facilitates Predictable Power Budgeting, Reduced Cost and Faster Time to Market for Leading IC Applications.

ANSYS (NASDAQ: ANSS) subsidiary Apache Design Inc. launched RTL Power Model (RPM™), a first-in-class innovative technology designed to optimize a wide range of power-sensitive applications, such as ultra-low-power electronics. RPM bridges the power gap from register-transfer-language (RTL) design to physical implementation. The new technology accurately predicts integrated circuit (IC) power behavior at the RTL level with consideration for how the design is physically implemented. As a result, the technology helps to enable chip power delivery network (PDN) and IC package design decisions early in the design process, as well as to ensure chip power integrity sign-off for sub-28nm ICs.

Due to extensive ultra-low-power requirements and shortened design cycles, it is critical to make power design trade-offs, such as dynamic voltage/frequency scaling, clock-gating/power-gating schemes, and package selection, early in the design cycle, when changes are easier to make and have less impact on schedule or cost.

"Apache's innovative approach provides a complete front- to back-end power analysis flow," said Ruggero Castagnetti, distinguished engineer, LSI Corporation. "The ability to understand the impact of low-power architecture selection and chip operating modes on power grid and package design trade-offs early in the flow allows LSI to better predict system cost and improve productivity."

Innovative Technology
As a new offering to Apache's PowerArtist™-XP software, RPM's core technologies include PowerArtist Calibrator and Estimator (PACE™) for accurate power estimation at the RTL level prior to availability of physical layout as well as Fast Frame-Selector for critical power-aware cycle selection.

PACE uses proprietary data-mining and pre-characterization techniques to create higher-quality power and capacitance models, as compared to traditional wire load models tuned for timing closure. By considering characteristics for various circuit types, such as combinational logic and sequential elements, PACE delivers RTL power within 15 percent of gate-level power, leading to more cost-effective and higher-quality results.

Fast Frame-Selector technology performs power analysis on RTL simulation vectors and selects a set of the most power-critical cycles to use throughout the design flow, from early design planning to final chip sign-off. It can accurately identify a few cycles representing the transient and peak power characteristics from millions of vectors within hours, improving productivity and ensuring power sign-off integrity.

Advanced Methodology
RPM enables a comprehensive power methodology from early design to sign-off by providing physical-aware RTL power data. Apache's RedHawk™ leverages RPM to perform PDN prototyping then generates an early-stage Chip Power Model (CPM™) that is used by Sentinel™ software for IC package design planning, such as substrate layer selection and decap optimization. RedHawk also utilizes RPM to provide more-realistic switching activities for accurate power sign-off.

"The introduction of RPM demonstrates Apache's continued commitment to delivering innovative key technologies that address the critical low-power design challenges," said Vic Kulkarni, senior vice president of RTL business at Apache Design. "Apache's power budgeting flow allows customers to right-size their power delivery network, improving design performance and mitigating chip failure risks."

Low-Power Application Optimization
Designing for low-power applications requires a methodology that addresses power budgeting and allows timely cost-sensitive decisions related to power. PowerArtist-XP software with RPM technology is ideal for advanced node designs of low-power applications including mobile, green computing, and consumer electronics devices. It helps bridge the gap from front-end RTL design to physical power sign-off, with more predictable accuracy, increased operating performance, and greater reliability for 28nm and below designs.

ANSYS, Inc. Reports Record Third Quarter Revenue Results That Drive Strong Margins and EPS Performance

Company Successfully Closes Apache Acquisition in Third Quarter, Increases 2011 Guidance and Provides Preliminary 2012 Outlook.

Highlights

GAAP revenue of $172.9 and Non-GAAP revenue of $177.9 million
GAAP diluted earnings per share of $0.48 and Non-GAAP diluted earnings per share of $0.66
Operating cash flows of $66.3 million
GAAP operating profit margin of 37.8% and Non-GAAP operating profit margin of 50.6%


ANSYS, Inc. (NASDAQ: ANSS) today announced third quarter 2011 results with total non-GAAP revenue up 27% as compared to Q3 2010, while non-GAAP net income increased 31%. Year-to-date non-GAAP revenue and net income increased 20% and 27%, respectively, compared to the first nine months of 2010. Non-GAAP earnings per share increased 29% for the quarter and 25% for the first nine months of 2011.

Commenting on the Company's third quarter 2011 performance, Jim Cashman, ANSYS president & CEO, stated, "The third quarter was another important milestone in our long history as we completed the acquisition of Apache Design Solutions. Our Q3 performance, which includes two months of Apache operations as part of the combined company, reflects our relevancy to customers, despite uncertainty that exists in today's global economy. It is also reflective of our longstanding, demonstrated ability to successfully acquire and assimilate new companies into the ANSYS family. We have a strong balance sheet, strong cash flows, solid fundamentals and a disciplined team that continues to execute. Our operating performance is a testimony to our belief that engineering simulation solutions remain a high priority for our expanding customer base. The business pressures on our customers to deliver innovative, high-quality products to market, with fewer resources, have never been greater. With the upcoming release of ANSYS® 14.0, our complete product portfolio is robust and we believe we are well-positioned to deliver long-term value to our customers and stockholders."

ANSYS' third quarter and year-to-date 2011 financial results are presented below. The 2011 non-GAAP results exclude the income statement effects of acquisition accounting adjustments to deferred revenue, as well as the impact of stock-based compensation, acquisition-related amortization of intangible assets and transaction costs related to the Apache acquisition. The 2010 non-GAAP results exclude the income statement effects of stock-based compensation and acquisition-related amortization of intangible assets.

GAAP and non-GAAP results reflect:

Total GAAP revenue of $172.9 million in the third quarter of 2011 as compared to $139.8 million in the third quarter of 2010; total GAAP revenue of $493.2 million in the first nine months of 2011 as compared to $413.7 million in the first nine months of 2010; total non-GAAP revenue of $177.9 million in the third quarter of 2011 as compared to $139.8 million in the third quarter of 2010; total non-GAAP revenue of $498.2 million in the first nine months of 2011 as compared to $413.7 million in the first nine months of 2010;

A GAAP operating profit margin of 37.8% in the third quarter of 2011 as compared to 37.1% in the third quarter of 2010; a GAAP operating profit margin of 39.0% in the first nine months of 2011 as compared to 37.2% in the first nine months of 2010; a non-GAAP operating profit margin of 50.6% in the third quarter of 2011 as compared to 49.2% in the third quarter of 2010; a non-GAAP operating profit margin of 50.7% in the first nine months of 2011 as compared to 49.4% in the first nine months of 2010;

GAAP net income of $45.5 million in the third quarter of 2011 as compared to $36.1 million in the third quarter of 2010; GAAP net income of $133.2 million in the first nine months of 2011 as compared to $104.0 million in the first nine months of 2010; non-GAAP net income of $62.1 million in the third quarter of 2011 as compared to $47.4 million in the third quarter of 2010; non-GAAP net income of $174.1 million in the first nine months of 2011 as compared to $137.5 million in the first nine months of 2010;

GAAP diluted earnings per share of $0.48 in the third quarter of 2011 as compared to $0.39 in the third quarter of 2010; GAAP diluted earnings per share of $1.41 in the first nine months of 2011 as compared to $1.12 in the first nine months of 2010; non-GAAP diluted earnings per share of $0.66 in the third quarter of 2011 as compared to $0.51 in the third quarter of 2010; non-GAAP diluted earnings per share of $1.85 in the first nine months of 2011 as compared to $1.48 in the first nine months of 2010; and

Operating cash flows of $66.3 million in the third quarter of 2011 as compared to $72.3 million in the third quarter of 2010; operating cash flows of $230.0 million in the first nine months of 2011 as compared to operating cash flows of $192.1 million in the first nine months of 2010.

The Company's GAAP results reflect stock-based compensation charges of approximately $6.1 million ($4.8 million after tax) or $0.05 diluted earnings per share for the third quarter of 2011 and approximately $16.6 million ($12.8 million after tax) or $0.14 diluted earnings per share for the first nine months of 2011. The non-GAAP financial results highlighted above, and the non-GAAP financial outlook for 2011 and 2012 discussed below, represent non-GAAP financial measures. Reconciliations of these measures to the appropriate GAAP measures for the three and nine months ended September 30, 2011 and 2010, and for the 2011 and 2012 financial outlook, are included in the condensed financial information included in this release.

Management's Remaining 2011 and Preliminary 2012 Financial Outlook
The Company is providing its 2011 revenue and earnings per share guidance below, as well as its preliminary outlook for 2012. The earnings per share guidance is provided on both a GAAP and a non-GAAP basis. Non-GAAP revenue and non-GAAP diluted earnings per share exclude charges for stock-based compensation, the income statement effects of acquisition accounting for deferred revenue, acquisition-related amortization of intangible assets and acquisition-related expenses.

Fourth Quarter 2011 Guidance
The Company currently expects the following for the quarter ending December 31, 2011:

GAAP Revenue in the range of $189.3 - $195.3 million
Non-GAAP Revenue in the range of $194 - $200 million
GAAP diluted earnings per share of $0.50 - $0.53
Non-GAAP diluted earnings per share of $0.69 - $0.71

Fiscal Year 2011 Guidance
The Company currently expects the following for the fiscal year ending December 31, 2011:

GAAP Revenue in the range of $682.5 - $688.5 million
Non-GAAP Revenue in the range of $692 - $698 million
GAAP diluted earnings per share of $1.91 - $1.95
Non-GAAP diluted earnings per share of $2.54 - $2.56

Fiscal Year 2012 Preliminary Outlook
The Company currently expects the following for the fiscal year ending December 31, 2012:

GAAP Revenue in the range of $814.6 - $836.6 million
Non-GAAP Revenue in the range of $818 - $840 million
GAAP diluted earnings per share of $2.06 - $2.20
Non-GAAP diluted earnings per share of $2.80 - $2.90

These statements are forward-looking and actual results may differ materially. Non-GAAP diluted earnings per share is a supplemental financial measure and should not be considered as a substitute for, or superior to, diluted earnings per share determined in accordance with GAAP.

ANSYS CEO to Present at UBS Global Technology and Services Conference

ANSYS, Inc. (NASDAQ: ANSS), announced today that James E. Cashman III, president and chief executive officer of ANSYS, Inc., will present a company overview and answer questions at the UBS Global Technology and Services Conference on Wednesday, November 16, 2011, at 10:00 a.m. Eastern Time. A live audio web cast and archive will be available at http://investors.ansys.com

ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,000 professionals, many of them experts in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 60 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.

Matereality releases DatabaseLite, a free material database for ANSYS Workbench

DatabaseLite for ANSYS, a free material database, and CAE ModelerTM software from Matereality, LLC, allows users to explore the full power of linear and nonlinear simulation within ANSYS® WorkbenchTM. The combination of ANSYS (NASDAQ: ANSS) and Matereality technologies means engineers can have confidence that the products they design will behave as intended in the real world.

CAE Modeler is designed to operate within the ANSYS Workbench platform. It presents a highly interactive environment in which users can transform raw material data into an ANSYS material model and review, edit or update the model as needed, all within Workbench. Engineers can assess the quality of the material model by viewing the raw data and data certificates from test laboratories and suppliers. The resulting simulation can include an embedded link to the exact data source within Matereality, providing the ultimate in traceability for material modeling.

DatabaseLite for ANSYS contains free material data for about 50 highly relevant material models ranging from simple elastic material models to temperature dependent stress�strain data, MISO models, hyperelastic data inputs for rubber, fatigue data on metals, rate-dependent tensile data for ANSYS Explicit STR, and visco-elastic data and thermal properties on polymers. Materials include metals, plastics, foam and rubber. It can be accessed at https://my.matereality.com/Portal/DatabaseLite.aspx. All data is pedigreed.

To use DatabaseLite for ANSYS, there is no need for registration or software downloads. The user is led directly to an interface to search for material models ready for use with ANSYS Mechanical and ANSYS Explicit STR that can be exported in simulation-ready format. "ANSYS users often seek such data to enable their product development activities. While data on metals and linear analysis are generally available, the lack of design-relevant nonlinear data can limit the customer�s ability to perform real-life simulations," said Hubert Lobo, Matereality president.

A 2,000+ material models master database upgrade produced by Matereality, LLC is available for purchase. The upgrade includes plug-ins that permit CAE Modeler for ANSYS to operate completely within ANSYS Workbench. All data is pedigreed.

"Matereality is among the first partners to visualize and implement full integrated connectivity to ANSYS Workbench," said Josh Fredberg, vice president of marketing at ANSYS. "This partner integration will greatly enhance the ability of our users to try out the great capabilities of ANSYS Workbench as we bring in more and more multiphysics capabilities into this environment."

ANSYS to Release Third Quarter 2011 Earnings on November 3, 2011

ANSYS, Inc. (NASDAQ: ANSS) announced today that the Company expects to release its third quarter 2011 earnings on Thursday, November 3, 2011. The Company will hold a conference call conducted by James E. Cashman III, president and chief executive officer, and Maria T. Shields, chief financial officer, at 10:30 a.m. Eastern Time to discuss third quarter 2011 results and future outlook.

CONFERENCE CALL INFORMATION:
What: ANSYS Third Quarter 2011 Earnings Conference Call
When: November 3, 2011 at 10:30 a.m. Eastern Time
Where: http://investors.ansys.com

The conference call dial-in numbers are (877) 317-6789 (US), (866) 605-3852 (CAN), or (412) 317-6789 (INT'L)

Passcode: ANSYS

The call will be recorded with replay available within two hours after the call at http://investors.ansys.com or at (877) 344-7529 (US) or (412) 317-0088 (CAN and INT'L)

Passcode: 10005517

ANSYS Listed on Software 500 Index for Fifth Year Running

Engineering Simulation Software Provider Recognized as One of World's Largest Software Companies.

ANSYS, Inc, a global provider of Simulation-Driven Product Development™, today announced that it has been named in Software magazine's listing of the world's largest software and services suppliers for the fifth year running. This year's Software 500 index positioned ANSYS at 107th place in recognition of 2010 revenues of $580.2 million.

The Software 500 is a revenue-based ranking of the world's 500 largest software and services organizations. This year's version is based on figures for total worldwide software and services revenues for the calendar year 2010, or closest fiscal year ending in 2010. Designed to assist software buyers, investors and stakeholders in their decisions, the index includes revenues from software licenses, maintenance and support, training and software-related services and consulting.

"We are immensely honored to be recognized in Software magazine's Software 500 list for the fifth year running, especially in such a volatile economic environment," said Jim Cashman, ANSYS president and CEO. "At a time when overall product integrity is emerging as an executive-level initiative, our steady growth is testament that organizations in a wide range of industries are strategically applying ANSYS engineering simulation software to deliver competitive product advantages."

ANSYS Named in Software Top 100 for Fifth Year Running

ANSYS, Inc., a global provider of Simulation-Driven Product Development™, today announced that it has been named in the Software Top 100™ for the fifth year running. The 2011 version of the leading independent online overview of the world's largest software companies sees ANSYS move up to 92nd place, having ranked 96th in 2010.

To compile the annual Software Top 100 list, software companies are ranked according to their annual software revenues from the sale of licenses, maintenance, subscription services and support. Revenues from service activities such as consultancy, training, custom software development and system integration are excluded. The list is used primarily by IT industry professionals and corporate software buyers as well as for market analysis.

"ANSYS first appeared in the Software Top 100 in 2007," said Balder Verberne, Software Top 100 editor. "The company is consistently growing, which is a testament to its climb from 96th to 92nd place over the last 12 months. The revenue growth at ANSYS was significantly higher than the 9.2 percent average growth of all companies that made this year's list," the editor added.

"It is an honor to be recognized in this list for the fifth year running, alongside the world's largest software companies," said Jim Cashman, ANSYS president and CEO. "Even in an uncertain economic climate, ANSYS has continued to report steady growth and deliver strong performance. By helping our customers to focus on innovation, optimize product designs, expedite time to market and maximize ROI, we have transformed challenges into opportunities for growth – both for ourselves and the organizations we serve."

The suite from ANSYS enables customers to optimize designs throughout the product development process, especially in the early stages when changes can be efficiently and cost-effectively implemented.

ANSYS Launches Innovative Education Projects for Engineering Students in India

Bangalore – ANSYS Software Private Limited, a wholly owned subsidiary of ANSYS Inc, today announced the launch of its competitive sponsorship based projects for engineering students across India. The primary objective of this innovative programme is to develop technology and engineering skills, improve employability in the industry as well as benefit ANSYS to enhance its collaboration with students. Gautam Dutta, Country Manager of ANSYS India said “This unique initiative, strongly focused on developing the scientists, technologists and engineers of the future, is the first of it’s kind by ANSYS globally. We want to provide students in India with a platform to understand and experience the product development process. ANSYS India team has designed what I believe are challenging problems that students can collaboratively work on”.

Students can choose any of the twelve (12) projects as their main semester/quarter project listed from the approved list. The timeline for submission will be approximately three months from the date of final agreement. The individual student should take up this project independently or in a group of 2-3 and may involve his/her professors, if the student thinks so.

Dr. Kaustubh Nande, Manager- Marketing said, “These projects provide students with an opportunity to demonstrate their experience and success in a tangible form that employers will appreciate. The students have a real opportunity to display their understanding of physics and software skills to a prospective employer as they take on and work through challenging engineering problems.”

All selected projects will carry a variable sponsorship amount between INR 25, 000 - 50, 000 post application review by ANSYS technical experts. On successful completion of the project, winners will be awarded a certificate from ANSYS and will be given an opportunity to present their work at the ANSYS Annual Users Conference or a suitable avenue. In addition, the work could be eligible to be published in ANSYS Advantage magazine or other suitable outlets.

Dr. Murali Kadiramangalam, Director of ANSYS Academic Program said, “Rapid adoption of CAE by industry is creating a CAE manpower shortage worldwide. These projects will help transform students Indian into CAE-ready professionals, implying easier placement; thereby also helping bridge the manpower crunch”

ANSYS CEO to Present at ThinkEquity's 8th Annual Growth Conference

ANSYS, Inc announced today that James E. Cashman III, president and chief executive officer of ANSYS, Inc., will present a company overview and answer questions at the ThinkEquity 8th Annual Growth Conference on Tuesday, September 13, 2011, at 2:45 p.m. Eastern Time. A live audio web cast and archive will be available at http://investors.ansys.com

ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ over 2,000 people and distributes ANSYS products through a network of channel partners in over 40 countries.

DENSO Selects ANSYS FEM Software to Accelerate Product Development and Drive Down Costs

ANSYS Software Helps Worldwide Automotive Supplier Boost Competitiveness in a Challenging Global Marketplace.

ANSYS announced that DENSO, a worldwide automotive supplier, has selected ANSYS® FEM software to standardize and expedite product development globally, enabling the company to cut costs and boost competitiveness in a tough marketplace. DENSO will use the CAE software to increase efficiency and enhance product quality across its portfolio, which includes automotive powertrains, advanced electronics, thermal systems, refrigerators and air conditioners.

DENSO underwent a rigorous benchmarking process in choosing ANSYS, then selected the solution because of its advanced analytical abilities for structural linear, nonlinear and dynamics analysis; its ability to model with elements, its library of material models and equation solvers; and its scalability in efficiently modeling a range of engineering problems and scenarios. DENSO found the support provided by long-term ANSYS channel partner Cybernet Systems especially valuable.

"Since the 2009 financial crisis, competition in the automotive industry has become fierce," said Shigeru Akaike, general manager, CAE design promotion, DENSO. "To achieve the levels of quality and efficiency necessary to thrive against global competition, we need to ensure that we have best-in-class simulation software capabilities. With ANSYS, we are equipped with the right tools to expedite our product design and development process and ensure product quality and integrity. Crucially, this will afford us a competitive advantage as the automotive sector continues to face uncertain times."

"The automotive industry certainly faces an unprecedented number of challenges," said HansKurt Lubberstedt, vice president of Asia operations, ANSYS. "In response to this, companies need to become more agile and work smarter to preserve margins and achieve growth. ANSYS will provide DENSO's engineers with advanced analytical capabilities to understand exactly how their products will perform in the real world prior to manufacture, helping to save substantial costs, boost speed to market and increase product integrity."

ANSYS, Inc. Reports Revenue of $162.3 million in Q2 2011, an 18% increase over Q2 2010

GAAP diluted earnings per share of $0.48 and non-GAAP diluted earnings per share of $0.62 ; Operating cash flows of $78.9 million, a 31% increase over Q2 2010 ; GAAP operating profit margin of 39.9%; non-GAAP operating profit margin of 51.5%.

ANSYS, Inc today announced outstanding performance in revenue and in non-GAAP EPS for the second quarter of 2011. Revenue growth in the second quarter continued across all three major geographic regions, all major product lines and a broad array of industries. The strong revenue growth contributed to higher than planned margins and 24% non-GAAP earnings per share growth in the second quarter as compared to the second quarter of 2010.

"The strong second quarter numbers are a reflection of continued momentum built upon our long-term foundation of technological leadership and sustained performance. Despite the macro-economic volatility, we focused our efforts on the things we can control and made considerable progress. Our diversified global business and unparalleled technical solutions continue to be key differentiators as we move ahead," commented Jim Cashman, ANSYS President and Chief Executive Officer.

"On August 1, 2011, we marked another milestone in achieving our vision of Simulation Driven Product Development™ as we completed the acquisition of Apache Design Solutions," said Mr. Cashman. "The addition of Apache builds on our formidable electronics base by adding a suite of power analysis and optimization software that is crucial in the design of power-efficient, high-performance, noise-immune integrated circuits. Our solutions position us to capitalize on the fast-growing market for mobile devices, as well as high-end electronics that are proliferating across many industries." Mr. Cashman continued, "This acquisition also adds a market-leading, comprehensive team of talented and dedicated employees, who we welcome to the ANSYS family."

ANSYS' second quarter and year-to-date financial results are presented below. The 2011 non-GAAP results exclude the income statement effects of stock-based compensation, acquisition-related amortization of intangible assets and transaction costs related to the Apache acquisition. The 2010 non-GAAP results exclude the income statement effects of stock-based compensation and acquisition-related amortization of intangible assets. GAAP and non-GAAP results reflect:

Total GAAP and non-GAAP revenue of $162.3 million in the second quarter of 2011 as compared to total GAAP and non-GAAP revenue of $137.8 million in the second quarter of 2010; total GAAP and non-GAAP revenue of $320.3 million in the first six months of 2011 as compared to total GAAP and non-GAAP revenue of $273.8 million in the first six months of 2010;
A GAAP operating profit margin of 39.9% in the second quarter of 2011 as compared to 38.0% in the second quarter of 2010; a GAAP operating profit margin of 39.7% in the first six months of 2011 as compared to 37.3% in the first six months of 2010; a non-GAAP operating profit margin of 51.5% in the second quarter of 2011 as compared to 50.2% in the second quarter of 2010; a non-GAAP operating profit margin of 50.7% in the first six months of 2011 as compared to 49.4% in the first six months of 2010;
GAAP net income of $45.4 million in the second quarter of 2011 as compared to $35.5 million in the second quarter of 2010; GAAP net income of $87.7 million in the first six months of 2011 as compared to $67.9 million in the first six months of 2010; non-GAAP net income of $58.6 million in the second quarter of 2011 as compared to $46.6 million in the second quarter of 2010; non-GAAP net income of $112.0 million in the first six months of 2011 as compared to $90.1 million in the first six months of 2010; and
GAAP diluted earnings per share of $0.48 in the second quarter of 2011 as compared to $0.38 in the second quarter of 2010; GAAP diluted earnings per share of $0.93 in the first six months of 2011 as compared to $0.73 in the first six months of 2010; non-GAAP diluted earnings per share of $0.62 in the second quarter of 2011 as compared to $0.50 in the second quarter of 2010; non-GAAP diluted earnings per share of $1.19 in the first six months of 2011 as compared to $0.97 in the first six months of 2010.


The Company's GAAP results reflect stock-based compensation charges of approximately $5.3 million ($4.0 million after tax) or $0.04 diluted earnings per share for the second quarter of 2011 and approximately $10.5 million ($8.0 million after tax) or $0.08 diluted earnings per share for the first six months of 2011.

The non-GAAP financial results highlighted above, and the non-GAAP financial outlook for 2011 discussed below, represent non-GAAP financial measures. Reconciliations of these measures to the appropriate GAAP measures, for the three months and six months ended June 30, 2011 and 2010, and for the 2011 financial outlook, are included in the condensed financial information included in this release.

Management's Remaining 2011 Financial Outlook

The Company has updated its 2011 revenue and earnings per share guidance below. The revenue and earnings per share guidance is provided on both a GAAP basis and a non-GAAP basis. The third quarter and fiscal year 2011 Non-GAAP diluted earnings per share excludes the income statement effects of acquisition accounting adjustments to deferred revenue, charges for stock-based compensation, acquisition-related amortization of intangible assets and acquisition-related expenses.

Third Quarter and Fiscal Year 2011 Guidance

The Company currently expects the following for the quarter ending September 30, 2011:

GAAP Revenue in the range of $166 — 174 million
Non-GAAP Revenue in the range of $172 - $178 million
GAAP diluted earnings per share of $0.40 - $0.47
Non-GAAP diluted earnings per share of $0.60 - $0.63


The Company currently expects the following for the fiscal year ending December 31, 2011:

GAAP Revenue in the range of $671 - $687 million
Non-GAAP Revenue in the range of $685 - $697 million
GAAP diluted earnings per share of $1.80 - $1.91
Non-GAAP diluted earnings per share of $2.47 - $2.52


These statements are forward-looking and actual results may differ materially. ANSYS is unable to predict the likely duration and severity of the current disruption in the domestic and global economies. Should these economic conditions continue to deteriorate further, it could result in ANSYS not meeting the guidance provided above and ANSYS' operating results and financial performance could be adversely affected. Non-GAAP diluted earnings per share is a supplemental financial measure and should not be considered as a substitute for, or superior to, diluted earnings per share determined in accordance with GAAP.

ANSYS, Inc. Announces Successful Closing of Apache Acquisition

ANSYS, Inc, announced today the Company has successfully completed the acquisition of Apache Design Solutions, Inc., a leading simulation software provider for advanced, low-power solutions in the electronics industry. Under the terms of the agreement, ANSYS acquired 100% of Apache for a purchase price of approximately $314 million in cash, which included $31.1 million in cash on Apache's balance sheet and includes up to $12 million in cash payments which may be paid in equal portions on each of the first three anniversaries of the closing of the acquisition based upon the retention of Dr. Andrew T. Yang as an employee of the combined company at such anniversary. The agreement also included retention provisions and incentives for key members of management and employees, earned over a three fiscal year period beginning on January 1, 2012, including an additional $13 million of performance equity awards. The Company funded the transaction with cash on-hand from the combined organization. The complementary combination is expected to accelerate development and delivery of new and innovative products to the marketplace while lowering design and engineering costs for customers. ANSYS expects the acquisition to be modestly accretive to non-GAAP earnings per share in the first full year of combined operations.

Apache's software enables engineers to design power-efficient devices while satisfying ever-increasing performance requirements. For example, smartphones continually add functionality to their platforms such as high definition video, GPS, video recording and conferencing with the consumer expectation that battery life will be extended. Engineers use Apache's products to design and simulate efficient, low power integrated circuits for high-performance electronic products found in devices such as tablets, smartphones, LCD televisions, laptops and high end computer servers, to name a few. The worldwide need for smart, energy-efficient electronics has never been greater while engineering challenges continually expand. Solutions to these engineering challenges rely on accurate, predictive simulation software. The acquisition of Apache complements ANSYS' software solutions by bringing together best-in-class products that drive ANSYS' system vision for integrated circuits, electronic packages and printed circuit boards.

James E. Cashman III, President and Chief Executive Officer of ANSYS commented, "Finalizing the acquisition of Apache is great news for our employees, our customers and our partners. We are very excited to be able to move forward today as a unified company and begin accelerating our strategy for the future."

The combination of ANSYS' and Apache's software products and services is expected to give ANSYS the most comprehensive, independent electronics engineering simulation software offerings in the industry, reaffirming and strengthening ANSYS' commitment to open interface and flexible simulation solutions that are primarily driven by customer demand and choice. With over 60 direct sales offices and 21 development centers, on three continents, the combined company will employ approximately 2,000 people.

"With the operations and technology synergies that Apache and ANSYS share, we are confident that we can deliver comprehensive, innovative and world-class simulation technologies that customers demand," said Dr. Andrew T. Yang, co-founder and Chief Executive Officer of Apache, who will serve as President of Apache Design, Inc., the surviving corporation and a wholly-owned subsidiary of ANSYS, as well as a member of ANSYS' senior management team in the role of Vice President and General Manager.

The company intends to provide updated financial guidance with respect to Apache and the financial outlook of the combined company during its second quarter earnings conference call being held at 10:30 a.m. ET on Thursday, August 4, 2011.

Conference Call Information:

What: ANSYS Second Quarter 2011 Earnings Conference Call

When: August 4, 2011 at 10:30 a.m. Eastern Time

Where: http://investors.ansys.com

The conference call dial-in number is 866-524-3160 (US), 866-605-3852 (CAN) or 412-317-6760 (INT'L) Passcode: ANSYS (26797). The call will be recorded with replay at 877-344-7529 (US) or 412-317-0088 (INT'L) Passcode: 10002050

ANSYS & Apache Receive Early Termination of Hart-Scott-Rodino Waiting Period for Proposed Merger

PITTSBURGH - ANSYS, Inc today announced that the U.S. Department of Justice and Federal Trade Commission have issued early termination of the Hart-Scott-Rodino (HSR) waiting period for ANSYS' proposed acquisition of Apache Design Solutions, Inc. ANSYS currently expects to close the acquisition in the third quarter of 2011.

As previously announced, ANSYS and Apache have entered into a definitive merger agreement in which ANSYS will acquire Apache for a purchase price of approximately $310 million in cash. Consummation of the transaction remains subject to customary closing conditions.

Apache Design Solutions, Inc., is the leading provider of innovative power analysis and optimization software solutions that enable the design of power-efficient, high-performance, noise-immune integrated circuits, or ICs, and electronic systems. Its solutions consist of a suite of software tools and methodologies that enable design engineers to reduce power consumption, ensure reliable delivery of power to ICs and electronic system components, and mitigate power-induced signal interference, or noise. Headquartered in San Jose, California, with locations throughout the world, Apache and its subsidiaries employ approximately 275 people.

ANSYS CEO to Present at Canaccord Genuity Growth Conference

PITTSBURGH - ANSYS, Inc announced today that James E. Cashman III, president and chief executive officer of ANSYS, Inc., will present a company overview and answer questions at the Canaccord Genuity Growth Conference on Tuesday, August 9, 2011, at 8:00 a.m. Eastern Time. A live audio web cast and archive will be available at http://investors.ansys.com

ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ over 1,700 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.

ANSYS to Release Second Quarter 2011 Earnings on August 4, 2011

ANSYS, Inc. (NASDAQ: ANSS) announced today that it expects to release its second quarter 2011 earnings on Thursday, August 4, 2011. The Company will hold a conference call conducted by James E. Cashman III, president and chief executive officer, and Maria T. Shields, chief financial officer, at 10:30 a.m. Eastern Time to discuss second quarter results and future outlook.

CONFERENCE CALL INFORMATION:
What: ANSYS Second Quarter 2011 Earnings Conference Call
When: August 4, 2011 at 10:30 a.m. Eastern Time
Where: http://investors.ansys.com

The conference call dial-in numbers are (866) 524-3160 (US), (866) 605-3852 (CAN), or (412) 317-6760 (INT'L)
Passcode: ANSYS

The call will be recorded with replay available within two hours after the call at http://investors.ansys.com or at (877) 344-7529 (US) or (412) 317-0088 (CAN and INT'L)
Passcode: 10002050

ANSYS, Inc. Signs Definitive Agreement to Acquire Apache Design Solutions, Inc.

ANSYS, Inc and Apache Design Solutions, Inc., a simulation software provider for advanced, low power solutions in the electronics industry, announced today that they signed a definitive agreement whereby ANSYS will acquire Apache for a purchase price of approximately $310 million in cash, which includes an estimated $29 million in cash on Apache's balance sheet. The agreement also includes retention provisions and incentives for key members of management and employees, earned over a three fiscal year period following closing, including an additional $13 million of performance equity awards. When completed, ANSYS currently expects that the transaction will be modestly accretive to non-GAAP earnings per share in its first full year of combined operations.

ANSYS intends to fund the transaction with cash on-hand from the combined organization. The transaction, currently anticipated to close in the third calendar quarter of 2011, is subject to customary closing conditions and regulatory approvals. After the closing, Apache will become a wholly-owned subsidiary of ANSYS.

Apache's software enables engineers to design power-efficient devices while satisfying ever-increasing performance requirements. For example, smartphones continually add functionality to their platforms such as high definition video, GPS, video recording and conferencing with the consumer expectation that battery life will be extended. Engineers use Apache's products to design and simulate efficient, low power integrated circuits for high-performance electronic products found in devices such as tablets, smartphones, LCD televisions, laptops and high end computer servers, to name a few. The worldwide need for smart, energy-efficient electronics has never been greater while engineering challenges continually expand. Solutions to these engineering challenges rely on accurate, predictive simulation software.

The acquisition of Apache complements ANSYS' software solutions by bringing together best-in-class products that drive ANSYS' system vision for integrated circuits, electronic packages and printed circuit boards. The complementary combination is expected to accelerate development and delivery of new and innovative products to the marketplace while lowering design and engineering costs for customers. The combination of these two industry leading companies reaffirms ANSYS' commitment to deliver cutting edge, customer-driven solutions in the 21st century. With over 60 strategic sales locations and over 20 development centers on three continents, the combined company will employ approximately 2,000 people.

"We are very excited about the power-efficient design software that Apache adds to ANSYS' simulation capabilities," said James E. Cashman III, President and Chief Executive Officer of ANSYS. "The addition of this technology will drive energy-efficient electronic product development in the 21st century. Both companies have a strong commitment to their customers and employees while sharing a passion for innovation and cutting edge technology. This combination will further strengthen and promote thought leadership allowing us to better serve our customers by accelerating the delivery of comprehensive, customer-driven engineering simulation solutions. We see this as an opportunity to strengthen the ANSYS vision for solving chip, package and board design problems."

"The combination of these two great companies with emerging 3DIC technologies will lead to considerable advances within electronics," said Dr. Andrew T. Yang, co-founder, Chief Executive Officer and Chairman of the Board for Apache. "The complementary nature of our electronic and thermal product offerings provides key technological strengths that enhance our ability to deliver comprehensive, innovative and world-class simulation technologies that customers demand."

Integration

The two companies are developing integration plans that leverage and build on the cultural similarities and the best practices from each team. ANSYS will provide additional details relative to the acquisition and integration activities subsequent to the closing of the transaction.

Due to the absence at this time of estimates of the acquisition-related impact of purchase accounting adjustments, including the allocation of the purchase price among goodwill, in-process R&D, other intangibles, deferred revenue and equity-based compensation expenses, ANSYS is currently unable to provide GAAP estimates on future earnings. The company intends to provide updated GAAP and non-GAAP financial guidance after the closing of the transaction.

Advisors

In connection with the transaction, Deutsche Bank Securities Inc. is acting as exclusive financial advisor to Apache, and O'Melveny & Myers LLP (Menlo Park office) is acting as legal counsel. BofA Merrill Lynch is acting as ANSYS' financial advisor and ANSYS retained Goodwin Procter LLP as its legal advisor.