CANONSBURG, PA – December 1, 2020 – Ansys (NASDAQ: ANSS), the global leader and innovator of engineering simulation software, announced that it completed the acquisition of Analytical Graphics, Inc. (“AGI”), a premier provider of mission-driven simulation, modeling, testing and analysis software for aerospace, defense and intelligence applications for $700 million.
AGI has pioneered Digital Mission Engineering, which has become essential for developing IoT systems in defense and now commercial arenas. The acquisition by Ansys drives mission-based simulation to a broader existing installed base and accelerates commercial acceptance.
“Ansys’ acquisition of AGI will help drive our strategy of making simulation pervasive from the smallest component now through a customer’s entire mission,” said Ajei Gopal, President and CEO of Ansys, when the signing of the definitive agreement was announced on October 26, 2020. “It will also expand the use of simulation in the key aerospace sector, where the stakes can be at their highest levels. We are excited to welcome the expert AGI team – and to expand the reach of their world-class technology to industries outside of aerospace, including for autonomy and 5G applications.”
Fairmount Partners, a leading middle-market investment bank in the technology industry, served as financial advisor to AGI on the transaction, along with Allen & Company LLC. Fairmount has advised AGI for over 20 years, including on financings, corporate structure and development, positioning and support with three spinouts that are all funded and remain in the Philadelphia region:
- Cesium, which provides breakthrough software for managing and displaying 3D images across the web
- OneSky, which has pioneering capability for managing manned and unmanned air traffic, like drones and air taxis
- ComSpOC, which collects data, tracks, simulates and projects satellites and related at a level of accuracy and time orders of magnitude higher than any other system
If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.
About Fairmount Partners
Fairmount Partners (www.fairmountpartners.com) is an independent merger and acquisition advisory firm focused on emerging growth and middle-market companies. Fairmount helps its clients complete mergers and acquisitions; raise funds for growth, acquisitions and liquidity; and design and improve their corporate development strategies. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 235 transactions, representing over $12 billion in aggregate value, in 20 countries throughout North and South America, Europe, Asia and Australia. For further information, please contact Charles Robins (email@example.com) or Allen Born (firstname.lastname@example.org).