PITTSBURGH, May 17, 2021 /PRNewswire/ —
/ Key Highlights
- Ansys acquires Phoenix Integration, Inc., the premier provider of software that enables model-based engineering and model-based systems engineering
- Acquisition complements Ansys’ acquisition of Dynardo GmBH in the process integration and design optimization space and Analytical Graphics, Inc. in A&D
- Acquisition is not expected to have a material impact on Ansys’ consolidated financial statements in 2021
Ansys (NASDAQ: ANSS), the global leader and innovator of engineering simulation software, announced today that it has acquired Phoenix Integration, Inc. the premier provider of software that enables model-based engineering (MBE) and model-based systems engineering (MBSE). The acquisition will expand the scope of Ansys’ solution offering, enabling users to connect a range of engineering tools together in multi-tool workflows for broad and robust model-based engineering. Terms of the deal were not disclosed. The acquisition is not expected to have a material impact on Ansys’ consolidated financial statements in 2021.
Engineers and designers use a variety of disparate software tools during the product development process. These tools are rarely connected, resulting in highly manual engineering and change processes, often…