ANSYS Closes Acquisition of Reaction Design
January 03 2014 - 11:30AM
ANSYS (Nasdaq:ANSS), a global leader and innovator of engineering
simulation software, announced today that it has completed the
acquisition of Reaction Design, a leading developer of chemistry
simulation software. The Company will provide further details
regarding the transaction and its impact on the 2014 financial
outlook at the time of its 2013 year-end earnings announcement.
Headquartered in San Diego, Reaction Design has about 25
employees and more than 400 customers around the world. Its
flagship product, CHEMKIN-PRO, is the gold standard for modeling
and simulating gas-phase and surface chemistry.
The combination of ANSYS' proven computational fluid dynamics
(CFD) solutions with Reaction Design's industry-leading chemistry
solvers will provide the best-in-class combustion simulation tools
available on the market. Understanding and predicting the effects
of chemistry in a combustion system is critical to developing
competitive products in transportation, energy and materials
processing applications. Relying on experimental testing alone for
accurate performance validation is inadequate, given today's
complex designs and shortened design cycles. Effective simulation
of the underlying detailed chemistry is critical to advancements in
engine and fuel technology. Reaction Design's solutions enable
transportation manufacturers and energy companies to rapidly
achieve their clean technology goals by automating the analysis of
chemical processes via computer simulation and modeling solutions.
The acquisition of Reaction Design complements ANSYS' offering for
the simulation of internal combustion engines, leading to improved
fuel efficiency.
To learn more about ANSYS and the acquisition of Reaction
Design, please visit www.ansys.com.
About Reaction Design
Reaction Design, a San Diego, California-based software
supplier, enables transportation manufacturers and energy companies
to rapidly achieve their clean technology goals by automating the
analysis of chemical processes via computer simulation and modeling
solutions.
Reaction Design is the exclusive developer and distributor of
CHEMKIN and CHEMKIN-PRO, the gold standard for modeling gas-phase
and surface chemistry that provides engineers ultra-fast access to
reliable answers that save time and money in the development
process. Reaction Design's FORTÉ is an advanced computational fluid
dynamics (CFD) simulation package for realistic 3D modeling of fuel
effects in internal combustion engines with superior
time-to-solution metrics that fit in commercial development
timeframes. Reaction Design's ENERGICO software brings accurate
chemistry simulation to gas turbine and boiler/furnace combustion
systems using automated reactor network analysis. Reaction Design
also offers the CHEMKIN-CFD software module, which brings detailed
kinetics modeling to other engineering applications, such as CFD
packages.
Reaction Design's world-class engineers, chemists and
programmers have expertise that spans multi-scale engineering from
the molecule to the engine. Reaction Design serves more than 400
customers in the commercial, government and academic markets.
Reaction Design can be found online at
www.reactiondesign.com.
About ANSYS, Inc.
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 2,500
professionals, many of them expert in engineering fields such as
finite element analysis, computational fluid dynamics, electronics
and electromagnetics, and design optimization. Headquartered south
of Pittsburgh, U.S.A., ANSYS has more than 75 strategic sales
locations throughout the world with a network of channel partners
in 40+ countries. Visit www.ansys.com for more information.
ANSYS and any and all ANSYS, Inc. brand, product, service and
feature names, logos and slogans are registered trademarks or
trademarks of ANSYS, Inc. or its subsidiaries in the United States
or other countries. All other brand, product, service and feature
names or trademarks are the property of their respective
owners.
Financial: ANSS-F
CONTACT: Media
Tom Smithyman
724.514.3076
tom.smithyman@ansys.com
Investors
Annette Arribas
724.514.1782
annette.arribas@ansys.com
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