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ANSYS Among 40 Fastest-Growing Software Companies
Posted Thu September 06, 2007 @03:07PM
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News ANSYS, Inc., a global innovator of simulation software and technologies designed to optimize product development processes, announced that it is the second-ranked company on Baseline magazine's list of 40 Fastest-Growing Software Companies. ANSYS was the only computer-aided engineering (CAE) software company that made the list.

According to the Baseline report, the median revenue growth among all 49 qualifying companies was 13 percent. In 2006, aided by the Fluent Inc. acquisition, ANSYS revenue jumped more than 66 percent.


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The Baseline report also indicated that the biggest public software companies are increasingly relying on acquisitions for growth. "Some established companies regard their acquisitions as another way of doing R&D of continuing to offer innovative products to a customer base that may be happy to consolidate vendors but doesn't want the pipeline of new ideas to dry up," the report noted.

"We are pleased to be named as one of the top Fastest-Growing Software Companies as well as the only CAE company on Baseline's list," said Jim Cashman, president and chief executive officer at ANSYS, Inc. "This recognition is a testament to our industry leadership and an illustration of our strategy in action. Our 2006 record revenue results are indicative of solid growth within our core business complemented by the positive impact of the Fluent acquisition, which enabled the Company to gain scale that dramatically enhanced our overall product and service portfolio as well as our global reach. In addition to growing our business substantially over the past few years, we remain committed to invest in the future of the Company, further strengthening our ability to deliver the industry's most comprehensive and advanced simulation solutions."

Baseline's survey amounts to a health check on the enterprise software industry. The magazine is a practical guide to costing and managing the deployment of leading-edge information technology. Case studies and other articles discuss how the success -- or failure -- of technology implementation is measured by a company's actual progress against "baseline" expectations of financial returns and technology deliverables.

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  • 40 Fastest-Growing Software Companies
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