Company Ranks Second Overall
SOUTHPOINTE, Pa., Aug. 9 /CNW/ -- ANSYS, Inc. (Nasdaq: ANSS), a global
innovator of simulation software and technologies designed to optimize product
development processes, today announced that it is the second-ranked company on
Baseline magazine's list of 40 Fastest-Growing Software Companies. ANSYS was
the only computer-aided engineering (CAE) software company that made the list.
According to the Baseline report, the median revenue growth among all 49
qualifying companies was 13 percent. In 2006, aided by the Fluent Inc.
acquisition, ANSYS revenue jumped more than 66 percent. The Baseline report
also indicated that the biggest public software companies are increasingly
relying on acquisitions for growth. "Some established companies regard their
acquisitions as another way of doing R&D of continuing to offer innovative
products to a customer base that may be happy to consolidate vendors but
doesn't want the pipeline of new ideas to dry up," the report noted.
"We are pleased to be named as one of the top Fastest-Growing Software
Companies as well as the only CAE company on Baseline's list," said Jim
Cashman, president and chief executive officer at ANSYS, Inc. "This
recognition is a testament to our industry leadership and an illustration of
our strategy in action. Our 2006 record revenue results are indicative of
solid growth within our core business complemented by the positive impact of
the Fluent acquisition, which enabled the Company to gain scale that
dramatically enhanced our overall product and service portfolio as well as our
global reach. In addition to growing our business substantially over the past
few years, we remain committed to invest in the future of the Company, further
strengthening our ability to deliver the industry's most comprehensive and
advanced simulation solutions."
Baseline's survey amounts to a health check on the enterprise software
industry. The magazine (www.baselinemag.com) is a practical guide to costing
and managing the deployment of leading-edge information technology. Case
studies and other articles discuss how the success -- or failure -- of
technology implementation is measured by a company's actual progress against
"baseline" expectations of financial returns and technology deliverables.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering
simulation software and technologies widely used by engineers and designers
across a broad spectrum of industries. 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 40 strategic sales locations throughout
the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people
and distribute ANSYS products through a network of channel partners in over 40
countries. Visit www.ansys.com for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT 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.
For further information:
For further information: Media, Kelly Wall, +1-724-514-3076,
firstname.lastname@example.org, or Investors, Lisa O'Connor, +1-724-514-1782,
email@example.com, both of ANSYS, Inc. Web Site: http://www.ansys.com