Apache Design Automation acquired by Ansys

Apache Design Automation acquired by Ansys
by Daniel Payne on 06-30-2011 at 2:52 pm

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:

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