ANSYS, Inc. develops and globally markets engineering simulation software and services. Their solutions are used by engineers, designers, researchers, and students across various industries. The company's core business model focuses on providing a common platform for product development, from design to deployment, through direct sales and a global network of channel partners. Ansys aims to deepen the use of simulation in its core market and extend accessibility to a broader user base.

• Employees: 6,200 (as of December 31, 2023)
• Geographic Footprint: Global
• Headquarters: Canonsburg, PA
• Founded: 1994
• Number of locations/facilities: Multiple locations globally
• Revenue: $2.27 billion (FY2023)
• Key Subsidiaries/Brands: Ansys, Ansys Mechanical, Ansys Fluent, Ansys HFSS, Ansys RedHawk-SC, Ansys Lumerical, Ansys Minerva, Ansys optiSLang, Ansys ModelCenter, Ansys SCADE, Ansys Granta MI, Ansys Granta Selector, Ansys Medini Analyzer, Ansys Digital Safety Manager, Ansys Twin Builder, Ansys AVxcelerater, Ansys Discovery, Ansys optiSLang, Ansys ModelCenter, Ansys HPC, Ansys Cloud Direct, Ansys Maxwell

• CEO: Ajei S. Gopal
• CFO: Nicole Anasenes

• Annual Revenue: $2.27 billion (FY2023)
• Net Income: $500.4 million (FY2023)
• Total Assets: $7.32 billion (as of December 31, 2023)
• Number of employees: 6,200 (as of December 31, 2023)
• Key Financial Highlights: Revenue increased 9.9% year-over-year. Net income decreased year-over-year.

Ansys offers a broad portfolio of engineering simulation software, including:

• Structures: Simulation tools for product design and optimization, including Ansys Mechanical and LS-DYNA.
• Electronics: Electromagnetic field simulation software for electronic and electromechanical products, including Ansys HFSS.
• Fluids: Software for modeling fluid flow and related phenomena, including Ansys Fluent.
• Semiconductors: Software for power analysis and optimization in electronic designs, including Ansys RedHawk-SC.
• Optics, Virtual Reality (VR) and Photonics: Software for modeling light propagation and its impact, including Ansys Optics and Ansys Lumerical.
• Digital Mission Engineering: Mission-simulation, modeling, testing and analysis software for aerospace, defense and intelligence applications.
• 3D Design: Tools for design engineers to utilize simulation across the entire product design process, including Ansys Discovery.
• Platform: Framework for integrating multiple physics into a virtual prototype, including Ansys HPC and cloud solutions.
• Embedded Software: Comprehensive solution for embedded software simulation, code production and automated certification, including Ansys SCADE.
• Materials: System for managing corporate material intelligence, including Ansys Granta MI and Ansys Granta Selector.
• Safety Analysis: Software for model-based safety analysis, safety concept creation, safety management and cybersecurity assessment, including Ansys Medini Analyzer and Ansys Digital Safety Manager.
• Autonomous Vehicle Simulation: Solutions for development, testing and validation of safe automated driving and ADAS technologies, including Ansys AVxcelerater.
• Digital Twin: Product for implementing complete virtual prototypes of real-world systems, including Ansys Twin Builder.

Ansys operates and reports as one segment. Revenue is generated from the sale of software licenses, maintenance contracts, and services.

Ansys' strategy, called 'Pervasive Insights,' aims to deepen the use of simulation in its core market, inject simulation throughout the product lifecycle, and extend accessibility to a broader set of users and use cases. Key initiatives include expanding the multiphysics portfolio, making simulation more accessible, and driving more computations. The company also invests in AI capabilities and technical support services to enhance customer experience and democratize simulation. Ansys intends to continue to partner with industry leaders to extend simulation into other ecosystems and customer R&D workflows.

Ansys operates in the engineering software simulation market. Key market trends include electrification, autonomy, connectivity, IIoT, and sustainability. The market is competitive with both large, global companies and smaller, specialized firms, as well as open source solutions. Ansys competes on ease of use, breadth and depth of functionality, flexibility, quality, ease of integration, performance, price, customer service, reputation and financial viability.

• Risks Associated with Proposed Transaction with Synopsys: The proposed merger may be delayed or not occur, which could adversely affect the business and stock price. This includes the risk of not obtaining regulatory approvals or the failure to meet other closing conditions.
• Global Operational Risks: Adverse economic and geopolitical conditions, including inflation, interest rates, and conflicts, may impact operations and financial performance. Trade restrictions and regulations could also limit the ability to sell products and services.
• Cybersecurity Risks: Cyberattacks and security vulnerabilities could lead to reduced revenue, increased costs, liability claims, or harm to reputation.
• Reliance on Third Parties: Dependence on channel partners for a significant percentage of revenue and reliance on service providers for infrastructure and cloud-based products.
• Competition: The industry is highly competitive, which could result in downward pressure on prices.