Magazine Ranks ANSYS as one of the World’s Largest Software Companies
SOUTHPOINTE, PA – October 23, 2007 – ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced its inclusion on Software Magazine’s 2007 Software 500 ranking of the world’s largest software and service providers. ANSYS was ranked 122 internationally, with software revenue of $263.6 million. This is the first time that ANSYS has made the list, which is marking its 25th year.
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, IT professionals, software developers and business managers who are involved in software and services purchasing. The magazine cited ANSYS as being “impressive in this revenue range [$100 million to $1 billion] … with growth of 67 percent for the engineering simulation products provider.” The article stated that the average overall growth of all companies making the list was 3.5 percent over last year.
“The 2007 Software 500 results show that growth in the software and services industry was healthy from 2006 to 2007. The industry continues to be dynamic with more than 98 new companies on the list this year for the first time,” said John P. Desmond, editor of Software Magazine and Softwaremag.com. “The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners. It is a quick reference of vendor viability. That is content of value.”
“ANSYS has grown consistently and substantially over more than 35 years since its inception,” said Jim Cashman, president and CEO of ANSYS, Inc. “We are honored to be recognized this year by the Software 500 list, which confirms our solid presence in the global software industry. In addition to growing our business, we remain committed to invest in the future of the Company, further strengthening our ability to deliver the most comprehensive and advanced engineering simulation solutions."
The Software 500 ranking is based on total worldwide software and services revenue for 2006. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for nearly 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies, now in its 25th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.
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ANSYS Advantage - Volume II, Issue 2, 2008 