A Brief History of ANSYS, Inc. (ANSS)

ANSYS, Inc., known by its stock symbol ANSS, is a prominent player in the field of engineering simulation software. Founded in 1970, ANSYS has grown from a small startup to a global leader in simulation-driven product development.

1970: Foundation of ANSYS

Dr. John Swanson founded ANSYS, initially named Swanson Analysis System, Inc. (SASI), in Canonsburg, Pennsylvania. The company focused on creating a general-purpose engineering software for finite element analysis (FEA) to predict how product designs would behave in real-world conditions.

1994: Rebranding to ANSYS, Inc.

In 1994, SASI was rebranded as ANSYS, Inc. The rebranding marked the company's growth and diversification into new types of engineering simulation software, expanding beyond its original FEA focus.

1996: Initial Public Offering (IPO)

ANSYS went public in 1996, trading on the NASDAQ under the ticker symbol ANSS. The IPO was a significant milestone, providing the company with the capital needed to invest in research and development and expand its market reach.

2000s: Strategic Acquisitions

To bolster its product portfolio and technological capabilities, ANSYS embarked on a series of strategic acquisitions:

• 2000: Acquired ICEM CFD Engineering to strengthen its computational fluid dynamics (CFD) capabilities.
• 2005: Acquired CFX, a leading CFD software company.
• 2008: Acquired Ansoft Corporation, enhancing its electromagnetics simulation offerings.

2010s: Continued Growth and Innovation

In the 2010s, ANSYS continued to innovate and grow:

• 2011: Acquired Apache Design Solutions, expanding its expertise in semiconductor simulation.
• 2019: Launched the ANSYS Cloud, allowing users to leverage cloud computing resources for intensive simulations.

2020s: Embracing Digital Transformation

ANSYS embraced the digital transformation wave by integrating advanced technologies like artificial intelligence (AI) and machine learning (ML) into its simulation solutions. The company also continued its tradition of strategic acquisitions to stay at the forefront of simulation technology.

Who Owns ANSYS, Inc. (ANSS)

ANSYS, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol ANSS. As a public company, its ownership is distributed among numerous shareholders, ranging from institutional investors to individual investors. Here are some key details about its ownership structure:

• Institutional Investors: A significant portion of ANSYS, Inc. is owned by institutional investors. These include mutual funds, pension funds, and other large investment entities. Some of the major institutional shareholders are:
  • Vanguard Group, Inc.
  • BlackRock, Inc.
  • State Street Corporation
• Insider Ownership: Members of ANSYS, Inc.’s board of directors and executive team also own shares in the company. This includes the CEO, CFO, and other top executives, who may receive stock options as part of their compensation packages.
• Individual Shareholders: Apart from institutional and insider ownership, a portion of the company’s shares is owned by individual investors. These may include retail investors who purchase shares through brokerage accounts.
• Exchange-Traded Funds (ETFs): ANSYS, Inc. is also included in various ETFs, which means that shareholders of these funds indirectly own a stake in ANSS. Prominent ETFs holding shares of ANSYS include technology and software-focused funds.

ANSYS, Inc. (ANSS) Mission Statement

ANSYS, Inc. is a global leader in engineering simulation software. The company’s mission statement is centered around empowering its customers and driving innovation and efficiency through state-of-the-art simulation technologies.

Key components of ANSYS, Inc.'s mission statement include:

• Empowering Customers: ANSYS is committed to providing its clients with cutting-edge simulation tools that enable them to achieve higher performance, greater innovation, and superior efficiency in their product development processes.
• Driving Innovation: The company fosters a culture of technological advancement, continually pushing the boundaries of simulation capabilities to support new and emerging fields of engineering.
• Enhancing Efficiency: By offering highly reliable and accurate simulation solutions, ANSYS helps its clients reduce costs and shorten development cycles, leading to faster time-to-market and improved product quality.
• Supporting Sustainability: Through its solutions, ANSYS enables customers to design products that are not only high-performing but also environmentally sustainable, promoting a more responsible approach to engineering and manufacturing.
• Fostering Collaboration: ANSYS also emphasizes the importance of collaboration, both internally among its diverse workforce and externally with its partners and clients, to drive forward the innovation agenda.

With these guiding principles, ANSYS, Inc. strives to be the premier partner in engineering simulation, supporting various industries in their quest to develop groundbreaking and sustainable solutions.

How ANSYS, Inc. (ANSS) Works

ANSYS, Inc. (ANSS) is a renowned company specializing in engineering simulation software. The firm's comprehensive suite of tools enables engineers and designers to simulate a wide array of physical phenomena, ensuring that their products will perform as expected under real-world conditions. ANSYS software covers disciplines such as structural mechanics, fluid dynamics, thermal analysis, and electromagnetics. Here's an overview of how the company operates:

• Product Development: ANSYS offers a variety of software products designed to meet the specific needs of different engineering fields. From ANSYS Fluent for computational fluid dynamics (CFD) to ANSYS Mechanical for structural analysis, the company's portfolio is extensive. Each product is continuously updated to incorporate the latest advancements in simulation technology.
• Integrated Platform: ANSYS's software solutions are integrated into a unified platform that allows users to perform multi-physics simulations. This means that engineers can simulate multiple physical phenomena within a single model, enhancing accuracy and reducing the time required for analysis.
• Customization and Scripting: ANSYS provides tools for customization and scripting, enabling users to tailor the software to their specific needs. Through capabilities like ANSYS ACT (Application Customization Toolkit) and Python scripting, engineers can automate repetitive tasks and integrate ANSYS software into their existing workflows.
• Cloud Computing: Understanding the growing demand for computational power, ANSYS offers cloud-based solutions that allow users to perform simulations on high-performance computing (HPC) resources. This flexibility enables organizations to scale their computational capabilities without investing heavily in on-premises hardware.
• Support and Training: ANSYS provides extensive support and training resources to help users maximize the utility of their software. This includes online tutorials, webinars, certification programs, and customer support services, ensuring that users can effectively leverage ANSYS tools to solve complex engineering challenges.
• Industry Applications: ANSYS software is employed across various industries, including automotive, aerospace, healthcare, energy, and consumer electronics. The versatility of their simulation tools allows companies in these sectors to optimize product designs, reduce development costs, and accelerate time-to-market.

By focusing on these key areas, ANSYS, Inc. maintains its position as a leader in the engineering simulation software market, supporting innovation and high-quality product development across multiple industries.

How ANSYS, Inc. (ANSS) Makes Money

ANSYS, Inc. (ANSS) is a global leader in engineering simulation software, enabling companies to predict how their products will operate in the real world. The company has a diverse portfolio of products and services that cater to industries such as aerospace, automotive, electronics, and healthcare. Here are the key revenue streams for ANSYS:

• Software Licensing: One of the primary sources of revenue for ANSYS is the sale of software licenses. These licenses are sold to a wide range of industries that use ANSYS software for engineering simulation. The licenses can be perpetual, where the customer pays a one-time fee for indefinite use, or subscription-based, where customers pay on a recurring basis.
• Maintenance and Support: After purchasing a license, customers often opt for maintenance and support services. These services ensure that customers receive regular updates, bug fixes, and technical support. This is a substantial recurring revenue stream, as many customers rely on these services to keep their software up to date and operational.
• Consulting and Training Services: ANSYS also offers consulting and training services to help clients maximize the use of its software. These services range from basic training to advanced, customized consulting that helps integrate ANSYS software into the client's workflow. These services not only generate revenue but also help in strengthening customer relationships.
• Cloud Solutions: With the increasing adoption of cloud computing, ANSYS has introduced cloud-based solutions that allow customers to run simulations on the cloud. This offers flexibility and scalability, especially for companies that don't want to invest heavily in on-premises hardware. Cloud solutions are typically offered on a subscription basis, adding another recurring revenue stream.
• Partnerships and Alliances: ANSYS collaborates with numerous hardware, software, and technology companies to provide integrated solutions. These partnerships often result in joint marketing efforts, co-development of products, and streamlined solutions for end-users, which in turn drive sales and revenue.

ANSYS has a well-diversified business model that leverages multiple revenue streams, ensuring sustainability and growth. The company continually invests in research and development to stay at the forefront of technology, further solidifying its market position.