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ANSYS/Apacheby Paul McLellan on 08-13-2011 at 2:43 pmCategories: Ansys, Inc., EDA
Last week I met with Andrew Yang, erstwhile CEO of Apache Design Systems and now formally President of Apache Design Inc, a wholly owned subsidiary of ANSYS. The merger formally closed at the start of the month. Within ANSYS Apache is positioned as Chip-aware System-level Engineering Simulation. ANSYS is pretty much completely… Read More
We all knew that Apache had filed for an IPO earlier and were just waiting for the timing and price to be revealed. Rumors have been circulating about an acquisition and today we know that the rumors were true asAnsys paid $310 million in cash for Apache.
Ansys stock has surged some 35% over the past twelve months:
Products
This acquisition… Read More
