“Due to the growth we have experienced over the last few years along with the additional shares being issued for the recent acquisition of Ansoft, ANSYS is now large enough to meet the MidCap 400 Index thresholds,” said Jim Cashman, president and CEO of ANSYS, Inc. “It is incredibly exciting to see our company grow in our quest to put engineering simulation tools in the hands of every engineer.”
The Standard & Poor’s MidCap 400 Index is the most widely followed of all U.S. midcap stock market indices. It contains solid firms with good track records and historically has outperformed its larger sibling, the widely quoted S&P 500.
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 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,700 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.