Ansys to buy Apache Design Solutions

Posted by Robert Dow on July 1st 2011 | Comments Closed
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Ansys today said it will acquire Apache Design Solutions, Inc. (ADS), a simulation software provider for low power solutions in the electronics industry. The deal is for $310 million in cash, and will be paid using cash on hand from the combined companies. The acquisition comes just as Apache was about to set the price for an initial offering of stock (IPO). You can read more on the impeding deal here.

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Robert Dow

Robert Dow is the senior researcher and benchmark analysts at JPR. Afectionetly known by his co-workers as Master Chief he is the COQC (chief of quality control). A former tennis, basketball, and golf star, after a almost fatal accident on the courts where he lost his left leg, he devoted his time to obtaining a degree in history from the University of San Francisco.

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