Ansys

Connections 1

Description

Ansys is an American company based in Canonsburg, Pennsylvania. It develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.

Ansys was founded in 1970 by John Swanson, who sold his interest in the company to venture capitalists in 1993. Ansys went public on NASDAQ in 1996. In the 2000s, the company acquired numerous other engineering design companies, obtaining additional technology for fluid dynamics, electronics design, and physics analysis. Ansys became a component of the NASDAQ-100 index on December 23, 2019.

History

By 1991 SASI had 153 employees and $29 million in annual revenue, controlling 10 percent of the market for finite element analysis software. According to The Engineering Design Revolution, the company became "well-respected" among engineering circles, but remained small.

In 1992, SASI acquired Compuflo, which marketed and developed fluid dynamics analysis software.

In 1993, Swanson sold his majority interest in the company to venture capitalist firm TA Associates. Peter Smith was appointed CEO and SASI was renamed after the software, Ansys, the following year.

Ansys went public in 1996, raising about $46 million in an initial public offering.

By 1997, Ansys had grown to $50.5 million in annual revenue.

In the late 1990s, Ansys shifted its business model away from software licenses, and corresponding revenue declined. However, revenue from services increased stronger.

From 1996 to 2000, profits at Ansys grew an average of 160 percent per year.

In February 2000, Jim Cashman was appointed CEO. Current CEO Ajei S. Gopal was appointed in early 2017.

Website

http://ansys.com

Rating GlobalNY.biz

Take place №994 In rating New York Organizations general
Take place №102 In rating Industry and Production area

<!-- advertisement 10-->
<div class="mobileShow">
<script>
  atOptions = {
    'key' : '33fb986b72fdc254fb0c1e79be22e3ec',
    'format' : 'iframe',
    'height' : 250,
    'width' : 300,
    'params' : {}
  };
</script>
<script src="https://www.highperformanceformat.com/33fb986b72fdc254fb0c1e79be22e3ec/invoke.js"></script>
</div>
<div class="mobileHide">
<script>
  atOptions = {
    'key' : '60966449084d21264769e3d9bdff986a',
    'format' : 'iframe',
    'height' : 90,
    'width' : 728,
    'params' : {}
  };
</script>
<script src="https://www.highperformanceformat.com/60966449084d21264769e3d9bdff986a/invoke.js"></script>
</div>

1 March 2022

Business

US exchanges open with major indices down 0.3-0.4%

Stock market on Tuesday Key indices on the New York Stock Exchange fell by 0.3-0.4 percent at the b...

<!-- advertisement 12-->
<div class="mobileShow">
<script type="text/javascript">
	atOptions = {
		'key' : '33fb986b72fdc254fb0c1e79be22e3ec',
		'format' : 'iframe',
		'height' : 250,
		'width' : 300,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/33fb986b72fdc254fb0c1e79be22e3ec/invoke.js"></script>
</div>
<div class="mobileHide">
<script type="text/javascript">
	atOptions = {
		'key' : '60966449084d21264769e3d9bdff986a',
		'format' : 'iframe',
		'height' : 90,
		'width' : 728,
		'params' : {}
	};
</script>
<script type="text/javascript" src="//www.highperformanceformat.com/60966449084d21264769e3d9bdff986a/invoke.js"></script>
</div>

OLSEN Chris

There is currently no beef

MALKOVICH John

I am humbled to be chosen for this award, which has been given to so many wonderful actors over the past 83 iterations of the Venice Film Festival

KIMMEL James

This is yet another attack on free speech, something that has become all too familiar for us at the show, for us in the country

COMPSTON Martin

It's for Jed to say, it's not for me to say whether the show will ever end but I think it's fair to say that this is the end of the story arc that's been building since series one. Everything will come to a head on this one.