ANSYS, Inc. Signs Definitive Agreement to Acquire Ansoft Corporation

Acquisition Broadens Capabilities as a Global Innovator of Simulation Software

ANSYS, Inc. a global innovator of simulation software and technologies designed to optimize product development processes, and Ansoft Corporation a global provider of Electronic Design Automation (EDA) software, announced today that they 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. The strategic, 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. When completed, ANSYS currently anticipates that the transaction will be modestly accretive to non-GAAP earnings per share in its first full year of combined operations.

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