Ansys Company Overview

What is the Stock Ticker for Ansys?

The stock ticker for Ansys is ANSS.

Where is the Ansys headquarters?

The headquarters of Ansys is located in Canonsburg, Pennsylvania, United States.

What Does Ansys Do?

Ansys is a company that provides engineering simulation software and services to help businesses design and test their products in a virtual environment. Their software can simulate various physical phenomena such as fluid dynamics, structural mechanics, and electromagnetics to optimize product performance and reduce development costs.

How Does Ansys Make Money?

Ansys is a software company that provides engineering simulation software to various industries such as aerospace, automotive, defense, electronics, and healthcare. The company makes money by selling its software products and services to its customers. Ansys offers a range of software products such as Ansys Mechanical, Ansys Fluent, Ansys Electronics, Ansys Discovery, and Ansys Multiphysics, among others.

Ansys generates revenue through the following ways:

1. Software Licenses: Ansys sells software licenses to its customers, which allows them to use the software for a specific period. The company offers different types of licenses such as perpetual licenses, term licenses, and subscription licenses.

2. Maintenance and Support: Ansys provides maintenance and support services to its customers, which includes software updates, technical support, and training. The company charges a fee for these services, which is typically a percentage of the software license fee.

3. Consulting Services: Ansys offers consulting services to its customers, which includes simulation consulting, design optimization, and training. The company charges a fee for these services based on the scope and complexity of the project.

4. Cloud Services: Ansys provides cloud-based simulation services to its customers, which allows them to access the software and run simulations on the cloud. The company charges a fee for these services based on the usage and duration of the simulation.

Overall, Ansys makes money by selling its software products and services to its customers, which includes software licenses, maintenance and support, consulting services, and cloud services. The company's revenue is primarily driven by the demand for its software products and services in various industries.

Who Founded Ansys?

John Swanson

What is the History of Ansys?

Ansys is an American company that specializes in engineering simulation software. It was founded in 1970 by John Swanson, who developed the initial version of the software while working on his PhD at Carnegie Mellon University. The company was originally called Swanson Analysis Systems, Inc. and was based in Pittsburgh, Pennsylvania.

In the early years, Ansys focused on developing software for structural analysis and finite element analysis. The company grew steadily throughout the 1980s and 1990s, expanding its product line to include software for fluid dynamics, electromagnetics, and other engineering disciplines.

In 1996, Ansys went public and began trading on the NASDAQ stock exchange. The company continued to grow through a series of acquisitions, including Fluent Inc. in 2006 and Ansoft Corporation in 2008.

Today, Ansys is a global company with over 4,000 employees and offices in more than 40 countries. Its software is used by engineers and designers in a wide range of industries, including aerospace, automotive, defense, and electronics. Ansys is widely recognized as a leader in the field of engineering simulation, and its software is used to design some of the world's most complex products and systems.

What Industry is Ansys In?

Ansys is in the engineering software and services industry.

What Are Ansys's Competitive Advantages?

1. Advanced Technology: Ansys has developed advanced simulation software that is highly accurate and efficient. This technology allows the company to provide its customers with solutions that are tailored to their specific needs.

2. Strong Brand Recognition: Ansys is a well-known brand in the engineering and simulation industry. The company has a strong reputation for providing high-quality products and services, which has helped it to build a loyal customer base.

3. Global Presence: Ansys has a global presence, with offices and customers in over 75 countries. This allows the company to tap into a wide range of markets and customer segments, which helps to drive growth and revenue.

4. Strong Partnerships: Ansys has established strong partnerships with leading companies in the engineering and simulation industry. These partnerships help the company to stay at the forefront of technological advancements and provide its customers with the latest solutions.

5. Experienced Team: Ansys has a highly experienced team of engineers and scientists who are experts in their respective fields. This expertise allows the company to provide its customers with the best possible solutions and support.

What Are Ansys's Competitive Threats?

Some competitive threats to Ansys include the emergence of new software companies offering similar simulation and engineering solutions, the potential for larger companies to acquire or develop their own simulation software, and the possibility of economic downturns affecting demand for engineering software. Additionally, advancements in artificial intelligence and machine learning could potentially disrupt the industry and pose a threat to Ansys's market position.

Who Are Some of the Competitors of Ansys?

Some of the competitors of Ansys are Siemens PLM Software, Dassault Systemes, Altair Engineering, and Autodesk.

What Are Some of Ansys's Products and Services?

Some notable products and services from Ansys include Ansys Fluent (a computational fluid dynamics software), Ansys Mechanical (a finite element analysis software), Ansys Electronics (a suite of electromagnetic simulation tools), Ansys Discovery (a simulation-driven design software), and Ansys Cloud (a cloud-based simulation platform).

Has Ansys Acquired any Companies?

Yes, Ansys has made several notable acquisitions, including:

1. Granta Design Ltd. (2019) - Ansys acquired this leading provider of materials information technology to enhance its simulation capabilities.

2. Helic Inc. (2019) - Ansys acquired this provider of electromagnetic crosstalk solutions to strengthen its signal and power integrity offerings.

3. Optis SAS (2018) - Ansys acquired this provider of optical simulation software to expand its simulation capabilities in the automotive, aerospace, and lighting industries.

4. 3DSIM LLC (2017) - Ansys acquired this provider of additive manufacturing simulation technology to enhance its simulation capabilities for 3D printing.

5. Gear Design Solutions, Inc. (2015) - Ansys acquired this provider of gear design software to expand its simulation capabilities in the automotive and aerospace industries.