ANSYS CFO Named Award Finalist

Pittsburgh Business Times Award Program Recognizes ANSYS for Outstanding Performance

SOUTHPOINTE, Pa., Oct. 5 /PRNewswire-FirstCall/ -- ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced that its Chief Financial Officer, Maria Shields, has been named a finalist in the Pittsburgh Business Times 2005 CFO of the Year Awards.

The CFO of the Year Awards are given to financial professionals in the Pittsburgh region for outstanding performance in their roles as corporate financial stewards. ANSYS' CFO is one of five finalists in the "public company" category, selected from a field of 80 overall nominations. The finalists were chosen by an independent panel of judges, all of whom have specific and varying views on the role of a CFO. Judging criteria included the nominee's career achievements and contributions to the company's growth, profitability and other aspects of corporate management.

Shields has been at the helm of ANSYS finances for the past seven years. During this period, the company's revenue and net income have grown at compounded annual rates of 17% and 25%, respectively. This performance was driven by the company's continued global expansion of leading-edge engineering simulation solutions. The company has delivered superior and consistent returns to its stakeholders evidenced by a 37% compounded annual growth rate in the company's stock price from 1998 to 2004. ANSYS has often landed on many of the "fastest growing" lists, including Forbes, Business Week, Business 2.0 and FORTUNE Small Business. Most recently, ANSYS was named to the "Region's Tech 50 List" by the Pittsburgh Technology Council for demonstrating strong growth, financial strength, job growth and retention and innovative products.

"It is an honor to be selected to represent ANSYS in the financial arena," said Maria Shields of her being named as one the CFO finalists. "I am extremely fortunate and very proud to work with the incredible team at ANSYS. Together we have been following our vision of growing ANSYS to be the global leader in providing engineering simulation solutions. I look forward to the many challenges that we still face and hope that our efforts will continue to benefit ANSYS employees, customers and partners throughout the world."

The Pittsburgh Business Times CFO of the Year Award program provides many benefits to the region's business community by highlighting the growing importance of financial executives. Winners in six categories will be announced at an awards program on November 2, 2005, to be held at the Omni William Penn Hotel in downtown Pittsburgh. This is the inaugural year for the Pittsburgh Business Times CFO of the Year Award.

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. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 25 strategic sales locations throughout the world, ANSYS, Inc. employs approximately 600 people and distributes its products through a network of channel partners in over 40 countries. Visit for more information.

About Maria Shields

Maria joined ANSYS, Inc. in 1994 as Corporate Controller and was promoted to Chief Financial Officer in 1998. As the company negotiated business acquisitions, Maria helped establish profitability, shareholder and operating metrics required to complete the transactions. She also played a key role in the integration of those businesses. In addition to contributing to the significant financial growth of ANSYS, she sits on the Board of Directors of five ANSYS subsidiaries.

Prior to joining ANSYS, Maria held a number of positions at Deloitte & Touche, where she consistently ranked at the top of her peer group and was rewarded with serving some of the firm's most prestigious clients, including Equibank and PPG Industries.

ANSYS, ANSYS Workbench, CFX, AUTODYN, and any and all ANSYS, Inc. product and service names are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries located in the United States or other countries. ICEM CFD is a trademark licensed by ANSYS, Inc. All other trademarks or registered trademarks are the property of their respective owners.

CONTACT: Kelly Wall of ANSYS, Inc., +1-724-514-3076, or
Email Contact

Web site:

Review Article Be the first to review this article

Autodesk - DelCAM

Featured Video
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Lead Geospatial Analyst for Alion at McLean, VA
Upcoming Events
SOLIDWORKS 2017 Launch Event – Walsall at Village Hotel Club, Walsall, WS2 8TJ Walsall United Kingdom - Mar 30, 2017
PI APPAREL Hong Kong 2017 at SHANGRI-LA KOWLOON 64 Mody Road Tsim Sha Tsui East Kowloon Hong Kong - Apr 5 - 6, 2017
SOLIDWORKS intro and hands on session – Slough at Baylis House, Slough, Berkshire, SL1 3PB Slough United Kingdom - Apr 7, 2017
Engineer 3D! Training + Technology Conference at Hyatt Regency Milwaukee 333 West Kilbourn Avenue Milwaukee WI - Apr 25 - 26, 2017
SolidCAM: Patented Wizard to optimal feeds & speeds

Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise