Jones Day advised Ansys, Inc. on the deal.
Ansys (NASDAQ: ANSS), the global leader and innovator of engineering simulation software, announced that it has acquired Phoenix Integration, Inc. the premier provider of software that enables model-based engineering (MBE) and model-based systems engineering (MBSE). The acquisition will expand the scope of Ansys’ solution offering, enabling users to connect a range of engineering tools together in multi-tool workflows for broad and robust model-based engineering. Terms of the deal were not disclosed. The acquisition is not expected to have a material impact on Ansys’ consolidated financial statements in 2021.
Engineers and designers use a variety of disparate software tools during the product development process. These tools are rarely connected, resulting in highly manual engineering and change processes, often managed through email and spreadsheets, which lack traceability. MBE enables the automation of these processes and helps to tame that complexity. MBSE provides traceability to requirements through the use of a systems model as a single source of truth for describing the evolving system design throughout its product lifecycle.
Phoenix Integration’s ModelCenter is a vendor-neutral software platform that empowers engineers to create and automate multi-tool workflows, providing increased flexibility to solve challenging engineering problems, and ultimately delivering on the promise of MBE. ModelCenter MBSE bridges the gap between engineering analysis and the systems model, ensuring that the product requirement is met and in sync with the engineering analysis conducted throughout the product development process.
The Jones Day team was led by Randi C. Lesnick (Picture).
Involved fees earner: Randi Lesnick – Jones Day;
Law Firms: Jones Day;
Clients: ANSYS, Inc.;