ANSYS Announces Senior Management Transition in Apache Design Business

Released : 10 Feb 2014

PITTSBURGH, Feb. 10, 2014 (GLOBE NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS), today announced that Dr. Andrew Yang, ANSYS Vice President and General Manager, and President of its Apache Design business, will officially step down from his current role. Dr. Yang will remain working as part of the ANSYS management team through August 1, 2014, reporting directly to Walid Abu-Hadba, Chief Product Officer of ANSYS. In his new role, Dr. Yang will focus on the leadership transition, working closely with Walid and other members of the organization to ensure that the Apache team and business are well positioned to continue their long record of creating leading-edge technology for our customers and delivering positive results for our stockholders.

"The Apache Design business, employees and customers have been a great addition to the ANSYS family since the closing of the acquisition in August 2011," said Jim Cashman, ANSYS president and CEO. "The combination of ANSYS and Apache has given us the most comprehensive electronics engineering simulation software in the industry. I want to personally thank Andrew for being part of the ANSYS team for these past several years, and for the contributions that he individually and the entire Apache team has made, and will continue to make, towards our success. We wish Andrew the best as he moves onto his next exciting endeavor," Cashman stated.

"The Apache business is well-positioned to continue its record of delivering results for our customers and our stockholders," said Andrew Yang, Apache president. "Working closely with Walid and the Apache leadership team, we will ensure that we continue to execute on our strategic plan for the business, and prepare for my transition out of the day-to-day business of leading Apache. This has been an incredible experience for me. I wish ANSYS and the team years of continued growth and success."

About Apache Design, Inc.     

Apache Design, an ANSYS subsidiary, enables simulation-driven integrated circuit and electronic systems design by providing advanced chip-level power analysis, optimization, and sign-off solutions. Apache's integrated products and methodologies advance low-power innovation and address chip-package-system power and noise challenges. Using Apache's engineering simulation software early in the design and throughout the process enables the world's top semiconductor companies to gain a competitive advantage delivering more power-efficient, high-performance, and noise immune chips. Apache's products help lower power consumption, increase operating performance, mitigate design risks, reduce system cost, and shorten time-to-market for a broad range of end-markets and applications. Learn more at: http://www.apache-da.com/.

About ANSYS, Inc.

ANSYS brings clarity and insight to customers' most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations ― no matter their industry ― to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs over 2700 professionals, many of them expert in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, embedded software, system simulation and design optimization. Headquartered south of Pittsburgh, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries.

Visit www.ansys.com for more information. The ANSYS IR App is now available for download on iTunes and Google Play. ANSYS also has a strong presence on the major social channels. To join the simulation conversation, please visit: www.ansys.com/Social@ANSYS.

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Yukari Ohno
408.457.2000
yukar.ohno@ansys.com

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Source: ANSYS, Inc.

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