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Technology M&A image Technology M&A » By The Online Investor Staff, updated Sun., Jul. 12, 9:09 PM Recent mergers and acquisitions in the Technology M&A category.

Slide #29. 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 across a spectrum of industries and academia, including aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports. Co. focuses on the development of solutions that enable users to analyze designs directly on the desktop, providing a platform for product development, from design concept to final-stage testing and validation. Co.'s product portfolio include ANSYS Workbench™, a framework upon which Co.'s suite of engineering simulation technologies is built.

ANSS SEC Filing Email Alerts Service


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Company Name: 
Ansys Inc.
Stock buyback: 
ANSS buyback
Website: 
www.ansys.com
Sector: 
Application Software
Number of ETFs Holding ANSS: 
91
Total Market Value Held by ETFs: 
$4.22B
Total Market Capitalization: 
$25.84B
% of Market Cap. Held by ETFs: 
16.31%
 

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