Ansys, a provider of simulation software and technologies, will acquire Ansoft for a purchase price of approximately $832 million in a mix of cash and common stock. Ansys will issue an aggregate of approximately 11.1 million shares and pay an aggregate of approximately $416 million in cash. Upon the closing of the transaction, Ansoft stockholders will own approximately 12% of the combined company on a pro forma basis. After the closing, Ansoft will become a wholly-owned subsidiary of Ansys. Ansoft is a developer of high-performance EDA software for electromagnetics, circuit and system simulation. The two companies are based in Pittsburgh.

Ansoft revenue for the fiscal year ended April 30, 2007 totaled $89.1 million, an increase of 15% compared to the previous fiscal year. On a GAAP basis, net income for the fiscal year was $20.2 million. The Ansys revenue in 2007 was $385.3 million. The net income was $109 million.