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ANSYS, Inc. is a company that develops and globally markets engineering simulation software and services, which are widely used by engineers, designers, researchers, and students across a broad spectrum of industries, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare, and construction . The company's software allows customers to analyze and evaluate the behavior of physical products in a virtual environment, eliminating the need for physical prototypes . ANSYS operates as one segment and distributes its products through a hybrid model of direct sales offices and a global network of independent resellers and distributors .
- High-Tech and Semiconductor - Provides simulation solutions that help in designing and optimizing electronic components and systems, crucial for the high-tech and semiconductor industries.
- Aerospace and Defense - Offers simulation tools that assist in the development and testing of aerospace and defense technologies, ensuring safety and performance.
- Automotive and Ground Transportation - Delivers simulation software that supports the design and innovation of automotive and ground transportation systems, enhancing efficiency and reliability.
- Energy - Supplies simulation products that aid in the exploration, production, and management of energy resources, focusing on sustainability and efficiency.
- Industrial Equipment - Provides solutions for the design and analysis of industrial machinery and equipment, improving productivity and reducing costs.
- Materials and Chemicals - Offers simulation tools for the development and testing of new materials and chemical processes, driving innovation and safety.
- Consumer Products - Delivers software that helps in the design and optimization of consumer goods, enhancing product quality and user experience.
- Healthcare - Provides simulation solutions that assist in the development of medical devices and healthcare technologies, ensuring safety and effectiveness.
- Construction - Supplies tools for the simulation and analysis of construction projects, improving design accuracy and project management.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ajei S. Gopal ExecutiveBoard | President and Chief Executive Officer | Board Member at Fiserv, Inc. | Ajei S. Gopal has been the CEO of ANSYS since 2017, previously serving as President and COO. He joined the ANSYS Board in 2011. He has held significant roles at Silver Lake, Symantec, Hewlett Packard, and CA Technologies. | View Report → |
Janet Lee Executive | Senior Vice President, General Counsel, and Secretary | None | Janet Lee joined ANSYS in 2017 and was promoted to SVP in 2023. She oversees legal and IP matters and has prior experience at HERE Technologies and Nokia. | |
Rachel Pyles Executive | Chief Financial Officer and Senior VP of Finance | None | Rachel Pyles became CFO in 2024, having joined ANSYS in 2023 as VP of Strategic Finance. She previously held senior finance roles at Fidelity National Information Services and Worldpay. | |
Shane Emswiler Executive | Senior Vice President of Products | None | Shane Emswiler has been with ANSYS since 2008, serving in various leadership roles, including SVP of Products since 2020. He was previously CFO of Ansoft Corporation. | |
Walt Hearn Executive | Senior Vice President of Worldwide Sales and Customer Excellence | None | Walt Hearn has been with ANSYS since 2007, holding various sales leadership roles. He is currently SVP of Worldwide Sales and Customer Excellence. | |
Alec D. Gallimore Board | Independent Director | Provost and Chief Academic Officer of Duke University; Board Member at Bechtel Corporation; Board of Trustees of The Institute for Defense Analyses | Alec D. Gallimore has been an Independent Director since 2017. He is an expert in engineering and research, with leadership roles in academia. | |
Anil Chakravarthy Board | Independent Director | President, Digital Experience at Adobe Inc.; Board Member at Silicon Valley Leadership Group | Anil Chakravarthy has been an Independent Director since 2021. He has extensive experience in digital transformation and cloud technologies. | |
Barbara V. Scherer Board | Independent Director | Board Member at Netgear, Inc. and Ultra Clean Holdings, Inc. | Barbara V. Scherer has been a director since 2013. She has over 30 years of financial leadership experience, particularly in technology. | |
Claire Bramley Board | Independent Director | CFO of Teradata Corporation | Claire Bramley joined the ANSYS Board in 2022. She is the CFO of Teradata and has held various leadership roles at HP, Inc.. | |
Glenda M. Dorchak Board | Independent Director | Board Member at Wolfspeed, Inc. and GLOBALFOUNDRIES Inc. | Glenda M. Dorchak has been an Independent Director since 2018. She has over 30 years of experience in technology, with roles in hardware and software businesses. | |
Jim Frankola Board | Independent Director, Chair of the Audit Committee | Board Member at Cvent Holding Corp. | Jim Frankola joined the ANSYS Board in 2021. He has a strong background in finance, having served as CFO at Cloudera, Yodlee, and Ariba. | |
Ravi Vijayaraghavan Board | Independent Director | Senior Partner at Bain & Company, Inc. | Ravi Vijayaraghavan joined the ANSYS Board in 2020. He is a Senior Partner at Bain & Company and has extensive experience in technology and telecommunications. | |
Robert M. Calderoni Board | Independent Director, Chair of the Compensation Committee | Chairman and Member of the Board of Directors of KLA Corporation | Robert M. Calderoni has been an Independent Director since 2020. He has held leadership roles at Citrix, Ariba, and SAP. | |
Ronald W. Hovsepian Board | Chairman of the Board | Board Member at Skillsoft Corp., Valo Health, Inc., ECi Software Solutions; Advisor to CEO of Indigo Ag, Inc.; Executive Partner at Flagship Pioneering | Ronald W. Hovsepian has been an Independent Director since 2012 and Chairman since 2019. He has extensive leadership experience in technology and software industries. |
- Can you provide more details on how the additional export restrictions and incremental approval processes for prospects in China will impact your growth in 2024, and what specific strategies are you implementing to mitigate these effects?
- Despite stating that China represents only a small portion of your overall business, why did the updated export restrictions significantly impact your Q3 results, and do you anticipate similar risks in other regions?
- With the shift towards subscription leases in your business model, how is this trend affecting your revenue recognition and long-term financial performance, especially in light of recent challenges?
- Given your emphasis on the automotive industry, how are you preparing for potential headwinds in this sector, such as supply chain disruptions or market volatility, and what impact could this have on your growth projections?
- You've reaffirmed your long-term outlook of 12% constant currency ACV growth, including tuck-in M&A; considering the current challenges, particularly in China, what gives you confidence in achieving these targets, and are there contingency plans in place?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Diakopto | 2023 | Completed in the quarter ended June 30, 2023 with a total purchase price of $83.3 million ($77.2 million net of cash acquired), this deal expanded the multiphysics simulation portfolio for semiconductor designers by adding expert teams and proprietary IP to address challenges in analog and mixed-signal design, with no material financial impact. |
DYNAmore | 2023 | Finalized on January 3, 2023 with a total consideration of $139.2 million ($126.4 million net of cash acquired) comprising both cash and non-cash elements, this acquisition strengthened the automotive simulation business by shifting revenue to direct channels and is expected to contribute approximately €30–35 million in ACV, despite minimal immediate financial effects. |
Strategic (November) | 2022 | Completed in November 2022 with a $70.0 million cash outflow (net of cash acquired) funded from existing cash, the acquisition’s initial accounting remains incomplete and it is not expected to significantly impact financial results. |
Multiple Strategic Acquisitions | 2022 | Executed over the nine months ended September 30, 2022, these acquisitions involved a combined purchase price of $251.5 million (net $246.0 million) with a small portion outstanding, aimed at expanding solution offerings and enhancing customer experience, while also incurring acquisition-related expenses and increasing goodwill by $197.2 million, though contributing less than 1% to consolidated revenues. |
Recent developments and announcements about ANSS.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Ansys will release Q4 & FY2024 earnings on Feb 19, 2025 after market close. The company has suspended earnings guidance amid its pending acquisition by Synopsys, expected to close in H1 2025.