PITTSBURGH,
June 8, 2015
/PRNewswire/ -- ANSYS (NASDAQ: ANSS), the global leader
and innovator of engineering simulation software, announced today
that it has entered into a definitive merger agreement with Gear
Design Solutions, Inc., a provider of big data analytics. The
transaction is expected to close in the third quarter
2015.
Gear develops and markets a purpose-built big data
platform to solve problems confronting next-generation
semiconductor and electronic system designs. Gear's system
elastically scales across common compute fabrics for rapid feedback
toward meaningful high-impact design changes.
On-time and on-schedule delivery of robust, low-power,
high-performance devices is key to the success of mobile,
high-performance computing, automotive and Internet of Things
electronic platforms. The combination of ANSYS' proven technologies
for low-power designs and Gear's big data analytics will provide
ANSYS' semiconductor and electronic system customers with a
best-in-class simulation platform that provides measurement
validated accuracy for design sign-off and accelerate early design
closure decisions.
"ANSYS is leading the industry in providing a
next-generation simulation platform that leverage state-of-the-art
software engineering and compute infrastructures. Big data
analytics will be increasingly important for our industry-leading
semiconductor and electronic system customers to achieve faster
time to market for their complex multi-core design platforms
created using advanced manufacturing technologies," said
Jim Cashman, ANSYS president and
CEO. "Gear is an exciting addition to ANSYS that will complement
our industry-standard offerings for low-power design
simulation."
"System-on-chip and associated electronic systems are
naturally big data problems – the interrelated nature of the
billions of unknowns align with the core technologies inherent in
Gear's simulation and analytics platform," said John Lee, Gear CEO. "We are excited to become
part of the ANSYS family with its rich 45-year history of helping
customers realize their product promise. We look forward to adding
great value to the ANSYS simulation platform and to ANSYS
customers."
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 over 2,750
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 75 strategic sales locations throughout
the world with a network of channel partners in 40+ countries.
Visit www.ansys.com for more information. The ANSYS IR App – now
available for download on iTunes and Google Play.
ANSYS also has a strong presence on the major social
channels. To join the simulation conversation, please visit:
www.ansys.com/Social@ANSYS.
About Gear Design Solutions, Inc.
Based in San Jose, California,
Gear develops and markets a purpose-built big data platform
architected to solve the problems confronting next-generation
semiconductor and electronic system designs. Gear's innovative big
data system scales elastically across any high performance compute
fabric enabling rapid feedback towards meaningful high-impact
design changes. Founded in 2012, the company employs more than 10
professionals in San Jose and
Austin, Texas.
ANSS-F
Contact:
Investors: Annette N.
Arribas, CTP
724.820.3700
annette.arribas@ansys.com
Media: Amy
Pietzak
724.820.4340
amy.pietzak@ansys.com
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SOURCE ANSYS, Inc.