This Slide: #13 of 100 |
Slide #13. ANSYS — SpaceClaim Corporation
Acquirer:
ANSYS (NASDAQ:ANSS)
Acquiree:
SpaceClaim Corporation
Details:
ANSYS (NASDAQ: ANSS), a global leader and innovator of engineering simulation software, announced today that it has acquired SpaceClaim Corporation, a leading provider of fast and intuitive 3-D modeling software for engineers, for a purchase price of $85 million in cash, plus retention and an adjustment for working capital. The transaction was closed on April 30, 2014. On a non-GAAP basis, the transaction is expected to be neutral to slightly accretive to ANSYS' non-GAAP earnings per share in 2014, and accretive in 2015 and beyond.
Ansys develops and markets engineering simulation software and services used by engineers, designers, researchers and students. Co. focuses on the development of solutions that enable users to analyze designs directly on the desktop, providing a common platform for product development, from design concept to final-stage testing and validation. Co.'s Discovery product family allows every engineer to benefit from the insight of simulation in their product design. Co. also provides Ansys Workbench connectivity, empowering analysts to do geometry preparation for simulation in Discovery, including materials selections and upfront simulation, with transfer to Ansys Mechanical and Ansys Fluent.
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Hold (2.08 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ANSS Stock Forecast Based on Zacks ABR data; powered by Xignite |