Pittsburgh Business Times Award Program Recognizes ANSYS for Outstanding Financial Performance
The CFO of the Year Award highlights the role chief financial officers play in the business community, stepping far beyond "bean-counting" tasks to forge strategic relationships with other company executives and serve as trusted sources for information, advice and long-term strategic direction. As CFO at ANSYS for the past seven years, Shields has helped lead the company to financial prosperity.
"ANSYS is an amazing company with a long record of technical innovation and a compelling vision that inspires customer loyalty. I am proud to be one of the many people on the ANSYS team to have an opportunity to contribute to that success," said Shields about her role as ANSYS CFO. "Our 35-year history has demonstrated that when our team has a shared vision, we are able to deliver on our commitments and provide value to all our key constituencies - employees, stockholders, customers, partners and local communities."
Shields, who has been with ANSYS 11 years, the last seven as CFO, accepted the tribute - alongside five peers representing community service, nonprofit and various private company categories - at an awards ceremony on November 2, 2005. This is the inaugural year for the Pittsburgh Business Times CFO of the Year Award, a program open to businesses in Pittsburgh as well as throughout southwestern Pennsylvania.
ANSYS business success has been driven by a long-standing history of technical innovation in providing leading-edge simulation solutions. This has led to compounded revenue growth around 20%, earnings growth around 25% and superior and consistent shareholder return approaching a compounded 40% growth rate. In addition, ANSYS has often landed on many national "strong performers" lists, including Forbes, Business Week, Business 2.0 and FORTUNE Small Business. Most recently, ANSYS was named to the "Tech 50 List" by the Pittsburgh Technology Council for demonstrating strong growth, financial strength, job growth and retention and innovative products.
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. and its subsidiaries employ approximately 600 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit www.ansys.com 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
Web site: http://www.ansys.com//