Oliver Wyman Global Benchmark Placed ANSYS in Top 20 in Software/Services Sector
SOUTHPOINTE, Pa., Feb 17, 2010 (BUSINESS WIRE) -- ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced that it has been named as the only engineering simulation software provider on this year\'s Oliver Wyman Shareholder Performance IndexSM (SPI). This international ranking assesses the performance of firms in the communications, media and technology (CMT) industries. With an overall SPI score of 235, ANSYS placed 13th in the software and services sector. This is the second consecutive year that ANSYS has made the list.
Oliver Wyman, an international management consulting firm, combines deep industry knowledge with specialized expertise. Its SPI analyzes the top 450 publicly quoted companies worldwide in the CMT industries that have a market capitalization of at least $1 billion. The basis for Oliver Wyman\'s Communications, Media, and Technology State of the Industry report, the index is designed to give senior executives insights and information to successfully navigate a highly competitive and uncertain landscape. By adjusting for the volatility of returns, currency risks, and mergers and acquisitions, the SPI enables apples-to-apples comparison of companies in widely divergent regions and sectors. It calculates shareholder value over a rolling five-year time period. Therefore, the index identifies longer-term value-migration trends, looking past distortions in the market such as last year\'s volatility.
\"Despite the uncertainties that persisted and customers\' continued caution due to the state of the economy, ANSYS found opportunity throughout 2009. Our commitment to a long-term investment in technology and a strong financial base served the Company well -- a philosophy that has special value as we enter our 40th year of business,\" said Jim Cashman, president and CEO of ANSYS, Inc. \"Such commitment to deliver the industry\'s most comprehensive and advanced simulation solutions has secured us a place on this prestigious list.\"
About Oliver Wyman
With more than 2,900 professionals in over 40 cities around the globe, Oliver Wyman is an international management consulting firm that combines deep industry knowledge with specialized expertise in strategy, operations, risk management, organizational transformation, and leadership development. The firm helps clients optimize their businesses, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is part of Marsh and McLennan Companies.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia. 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.
Fran Hensler, 724-514-2967
Annette Arribas, 724-514-1782
Copyright Business Wire 2010
Date: February 17, 2010