PITTSBURGH, March 5, 2020 /PRNewswire/ --
Ansys (NASDAQ: ANSS), the global leader and innovator of
engineering simulation software, announced today that it has
entered into a definitive agreement to acquire Lumerical Inc.,
a leading developer of photonic design and simulation tools. The
acquisition will add best-in-class photonics products to the Ansys
multiphysics portfolio, providing customers with a full set of
solutions to solve their next-generation product challenges.
Emerging technologies such as 5G and industrial internet of
things (IIoT) applications as well as autonomous vehicles are
challenging companies to deal with massive volumes of data faster
than ever. Traditional means of transmitting that data are being
replaced by higher-efficiency optical networks. Lumerical's
photonic simulation products enable designers to model the most
challenging problems in photonics, including interacting optical,
electrical and thermal effects. Lumerical's solutions can improve
the performance of data center architectures by removing networking
bottlenecks, potentially slashing the total cost of ownership.
Additionally, the acquisition of Lumerical is expected to enable
Ansys customers to predict light's behavior within complex photonic
structures and systems.
"Ansys provides a comprehensive solution for semiconductors and
high-performance electronics," said Shane
Emswiler, Ansys' senior vice president, physics business
units. "With the acquisition of Lumerical, we will extend Ansys'
capabilities to exploit the potential of photonics to further
empower our customers to develop next-generation products like
autonomous vehicles and other smart-connected products."
"Lumerical is a perfect fit with Ansys," said James Pond, co-CEO and CTO of Lumerical. "The
potential of photonics in applications like 5G, IIoT and autonomous
vehicles can only be realized by solving immense multiphysics
device and system challenges. Together, Lumerical and Ansys are
uniquely positioned to provide the necessary solutions, and
customers of both companies will reap tremendous rewards from this
dynamic acquisition."
The transaction is subject to the satisfaction of customary
closing conditions and is expected to close in the second quarter
of 2020. It is not expected to have a material impact on Ansys'
consolidated financial statements in 2020.
Forward-Looking Statements
This news release contains statements about future events and
expectations, including timing of closing of the acquisition, the
effect of the acquisition on our future growth and financial
results and the expected value of the acquired technology to our
business. These statements are "forward-looking statements" that
involve risks and uncertainties that could cause actual results to
differ materially from those projected as a result of certain risks
and uncertainties, including that the closing conditions may not be
satisfied when or as we expect or may be waived; the acquired
technology may not provide the access to new customers and markets
that we expect if those customers and markets are not receptive to
the technology; we may be unable to integrate the acquired
technology when or as we expect, which could adversely affect our
ability to offer additional solutions; customers may not adopt
solutions for product development as we expect, which would
adversely affect our revenue; key Lumerical employees may not stay
with Ansys, which could disrupt the Lumerical business and our
ability to successfully integrate and operate the Lumerical
business; and other risks and uncertainties described in Ansys's
filings with U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are made
and Ansys assumes no obligation to update or revise these
forward-looking statements.
About Ansys
If you've ever seen a rocket launch, flown on an airplane,
driven a car, used a computer, touched a mobile device, crossed a
bridge or put on wearable technology, chances are you've used a
product where Ansys software played a critical role in its
creation. Ansys is the global leader in engineering
simulation. Through our strategy of Pervasive Engineering
Simulation, we help the world's most innovative companies deliver
radically better products to their customers. By offering the best
and broadest portfolio of engineering simulation software, we help
them solve the most complex design challenges and create products
limited only by imagination. Founded in 1970, Ansys is
headquartered south of Pittsburgh,
Pennsylvania, U.S.A., Visit www.ansys.com for more
information.
Ansys 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.
ANSS-F
Contact
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Media
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Mary Kate
Joyce
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724.820.4368
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marykate.joyce@ansys.com
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Investors
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Annette Arribas,
IRC
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724.820.3700
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annette.arribas@ansys.com
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SOURCE Ansys