PITTSBURGH, May 17, 2021 /PRNewswire/ --
/ Key Highlights
- Ansys acquires Phoenix Integration, Inc., the premier provider
of software that enables model-based engineering and model-based
systems engineering
- Acquisition complements Ansys' acquisition of Dynardo GmBH in
the process integration and design optimization space and
Analytical Graphics, Inc. in A&D
- Acquisition is not expected to have a material impact on Ansys'
consolidated financial statements in 2021
Ansys (NASDAQ: ANSS), the global leader and innovator of
engineering simulation software, announced today that it has
acquired Phoenix Integration, Inc. the premier provider of software
that enables model-based engineering (MBE) and model-based systems
engineering (MBSE). The acquisition will expand the scope of Ansys'
solution offering, enabling users to connect a range of engineering
tools together in multi-tool workflows for broad and robust
model-based engineering. Terms of the deal were not disclosed. The
acquisition is not expected to have a material impact on Ansys'
consolidated financial statements in 2021.
Engineers and designers use a variety of disparate software
tools during the product development process. These tools are
rarely connected, resulting in highly manual engineering and change
processes, often managed through email and spreadsheets, which lack
traceability. MBE enables the automation of these processes and
helps to tame that complexity. MBSE provides traceability to
requirements through the use of a systems model as a single source
of truth for describing the evolving system design throughout its
product lifecycle.
Phoenix Integration's ModelCenter is a vendor-neutral software
platform that empowers engineers to create and automate multi-tool
workflows, providing increased flexibility to solve challenging
engineering problems, and ultimately delivering on the promise of
MBE. ModelCenter MBSE bridges the gap between engineering analysis
and the systems model, ensuring that the product requirement is met
and in sync with the engineering analysis conducted throughout the
product development process.
The Blacksburg, Va., company's
software is used by a variety of customers across industries and is
particularly prevalent in the aerospace & defense sector.
Long-term customers include Lockheed Martin, Northrop Grumman,
SAIC, Raytheon, NASA, the US Air Force and the US Navy. Phoenix
Integration is also a longtime partner of Analytical Graphics,
Inc., which Ansys acquired in 2020.
"Companies across industries are benefitting from process
integration and MBSE through improved communications, increased
product quality and heightened productivity across their
engineering teams," said Shane
Emswiler, senior vice president of Ansys. "Acquiring market
leader Phoenix Integration will complement our acquisition of
Dynardo in the process integration and design optimization space,
and expand our capabilities providing customers with strong MBE and
MBSE offerings to further our pervasive engineering strategy. I am
excited for Phoenix Integration to join the Ansys team."
"Phoenix Integration has seen firsthand the benefits that
engineering simulation and MBE have in transforming the product
development process," said Jane
Trenaman, president and CEO of Phoenix Integration. "We are
looking forward to joining forces with Ansys to help our existing
customers benefit from expanded access to physics-based simulation
within their model-based engineering workflows, and we are excited
to see the ModelCenter platform provide increased value to the
Ansys community."
/ About Ansys
If you've ever seen a rocket launch, flown on an airplane,
driven a car, used a computer, touched a mobile device, crossed a
bridge or put on wearable technology, chances are you've used a
product where Ansys software played a critical role in its
creation. Ansys is the global leader in engineering simulation.
Through our strategy of Pervasive Engineering Simulation, we help
the world's most innovative companies deliver radically better
products to their customers. By offering the best and broadest
portfolio of engineering simulation software, we help them solve
the most complex design challenges and create products limited only
by imagination. Founded in 1970, Ansys is headquartered south of
Pittsburgh, Pennsylvania, U.S.A.
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.
/ Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 with respect to the proposed acquisition, including
statements regarding the benefits of the acquisition, the
anticipated timing of the acquisition and the products and markets
of each company. These forward-looking statements generally are
identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "future," "opportunity,"
"plan," "may," "should," "will," "would," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) the risk that the
acquisition may not be completed in a timely manner or at all, (ii)
the failure to satisfy the conditions to the consummation of the
acquisition, including the receipt of certain regulatory approvals,
(iii) the occurrence of any event, change or other circumstance
that could give rise to the termination of the acquisition
agreement, (iv) risks that the proposed transaction disrupts
current plans and operations of Phoenix Integration and potential
difficulties in Phoenix Integration employee retention as a result
of the transaction, (v) risks related to diverting management's
attention from Phoenix Integration's ongoing business operations,
(vi) the ability of Ansys to successfully integrate Phoenix
Integration's operations, product lines, and technology, (vii) the
ability of Ansys to implement its plans, forecasts, and other
expectations with respect to Phoenix Integration's business after
the completion of the proposed acquisition and realize additional
opportunities for growth and innovation, (viii) the short- and
longer-term effects of the COVID-19 pandemic; and (ix) adverse
changes in the economic and political conditions in the regions in
which Ansys and Phoenix Integration operate. In addition, please
refer to the documents that Ansys files with the SEC on Forms 10-K,
10-Q and 8-K. These filings identify and address other important
risks and uncertainties that could cause events and results to
differ materially from those contained in the forward-looking
statements set forth in this press release. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Ansys assumes no obligation to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise.
ANSS–F
/ Contacts
Media
|
Mary Kate
Joyce
|
|
724.820.4368
|
|
marykate.joyce@ansys.com
|
Investors
|
Kelsey
DeBriyn
|
|
724.820.3927
|
|
kelsey.debriyn@ansys.com
|
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SOURCE Ansys