Engineering Simulation Software Provider Ranked among Top 10 Tech Companies
SOUTHPOINTE, Pa., Aug 20, 2009 (BUSINESS WIRE) -- ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced its inclusion on the 2009 FORTUNE 100 Fastest-Growing Companies list. ANSYS is ranked number 33 overall, the only engineering simulation provider and the only Pennsylvania-based company to make the list. Of the 24 companies in the technology sector, ANSYS was in the top 10, ranked at number eight.
FORTUNE\'s Fastest-Growing list includes profitable, publicly traded companies with at least $50 million in annual revenue and a market capitalization of at least $250 million. Companies on the list must also have posted yearly revenue and earnings per share growth of at least 20 percent. To compile the list, FORTUNE ranked companies based on the last three years of revenue, profit growth and total return using data provided by Zacks Investment Research. In the past, ANSYS has been listed on the magazine\'s 100 Fastest-Growing Small Businesses list, which includes public companies with annual revenues of less than $200 million.
\"FORTUNE\'s recognition of ANSYS as one of \'corporate America\'s supercharged performers\' is a testament to all the hard work we\'ve done, in both this troubled economic year and the preceding nearly-40 years of developing engineering simulation tools that can benefit any product designer,\" said Jim Cashman, president and CEO of ANSYS, Inc. \"We are honored to be included on the list, as this is an elite group. We are even more honored to be continually chosen by our customers, who recognize the value of an integrated, multiphysics approach to Simulation Driven Product Development(TM).\"
About FORTUNE magazine
FORTUNE is a global business magazine published by Time Inc.\'s Fortune|Money Group. The magazine is especially known for its annual features ranking companies by revenue. Examples of these include the \"FORTUNE 500,\" which ranks the world\'s companies by gross revenue, and the \"Best Companies to Work For,\" both of which have become industry benchmarks. CNNMoney.com is the online home of FORTUNE, in addition to Money and FORTUNE Small Business.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ over 1,600 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com for more information.
ANSYS, ANSYS Workbench, Ansoft, AUTODYN, CFX, FLUENT, and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.
SOURCE: ANSYS, Inc.
Kelly Wall, 724-514-3076
Annette Arribas, 724-514-1782
Copyright Business Wire 2009
Date: August 20, 2009