May 08, 2006
Turn Raster Images Into 3D Vector Models
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Jeff Rowe - Managing Editor

by Jeff Rowe - Contributing Editor
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ANSYS, Inc., a provider of simulation software and technologies designed to optimize product development processes, and Fluent Inc., a global provider of computer-aided engineering (CAE) simulation software, today announced that ANSYS has completed its acquisition of Fluent in a series of mergers for approximately 6,000,000 shares of ANSYS common stock and approximately $299 million in net cash. ANSYS expects the acquisition to be immediately accretive to earnings, excluding acquisition-related costs, amortization of intangibles, the impact of deferred revenue purchase accounting treatment and expensing of stock options. The company used a combination of existing cash and proceeds from
approximately $200 million of committed bank financing to fund the transaction.

Jeffrey Rowe is the editor and publisher of MCADCafé and MCAD Weekly Review. He can be reached
here or 408.850.9230.

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