Engineering Simulation Software Provider Recognized as One of North America’s Fastest Growing Companies
SOUTHPOINTE, Pa. — (BUSINESS WIRE) — October 20, 2009 — ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced that it has been named to the 2009 Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004 to 2008. ANSYS GAAP revenues grew 256 percent during this period.
This is the first time that ANSYS has made the list. “This is a tremendous achievement that speaks directly to our ability to anticipate the needs of worldwide organizations that develop products of any kind. As a result, we are providing engineers with the exact tools they need to deliver products to market better, faster and more economically,” said Jim Cashman, president and CEO, ANSYS, Inc. “Being named to the Technology Fast 500 validates that our vision of Simulation Driven Product Development™ is on the right track. We have achieved this milestone because of our employees’ passion to break down barriers and their creativity in developing the best possible solutions.”
About Deloitte’s 2009 Technology Fast 500
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte LLP. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
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 over 1,600 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.