ANSYS Inc. expands distribution channel to accommodate CAE growth.HOUSTON, Pa.--(BUSINESS WIRE)--Jan. 7, 1997--ANSYS Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANSS ANSS Advanced National Seismic System (USGS) ANSS American Nature Study Society ) announced today the addition of two new ANSYS ANSYS Analysis System Support Distributors (ASDs): Automated Analysis Corp. (AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. ), Dearborn, Mich., and Engineering Methods Inc. (EMI), Cincinnati, to help address the increased use of computer-aided engineering (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) technology in the global engineering community. According to a 1996 Daratech Special Report, ANSYS Inc. is projected to enjoy the fastest growth of any dedicated finite element analysis Finite element analysis (FEA) is a computer simulation technique used in engineering analysis. It uses a numerical technique called the finite element method (FEM). There are many finite element software packages, both free and proprietary. (FEA) software vendor this year, increasing its revenue by 23 percent. This growth is due to increased market share in the company's traditional customer base, extended product use among new users, and increased penetration in new industries. The new ASDs are uniquely organized to provide the total solution approach that offers a full spectrum of deliverables beyond software technology to new and existing ANSYS Inc. customers. AAC employs more than 250 engineers and technical professionals who provide engineering expertise in consulting, software development, and technical training to leading manufacturers, such as Caterpillar, Ford, GM, and Chrysler. In addition, AAC is an ANSYS Enhanced Solution Partner (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ). As a member of this initiative, AAC creates its own customized solutions from within the ANSYS(R) environment with a suite of development tools available in the ANSYS application programmer's interface. AAC leverages industry-specific knowledge into design software for its customers. EMI, recently purchased by William Hibbard, formerly Rasna Corp.'s director of product implementation, provides ANSYS software, services, consulting, and training. The firm is building a center of excellence for the entire ANSYS product suite, and is developing programs that address product development processes as a unique customer service. Peter J. Smith, ANSYS chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. says, "We are delighted to welcome Automated Analysis Corporation and Engineering Methods Incorporated to our network of ASDs. Both organizations' dynamic new directions are exciting and consistent with our total solution selling strategies. Our customers will benefit from AAC's and EMI's proven track records of supplying technology, training, consulting, and related support services that allow manufacturers to gain an edge on their competition." According to Dr. William Anderson, AAC founder and president, "We feel ANSYS Inc. and AAC complement each other both in histories and philosophies. Like ANSYS, we provide high-quality CAE consulting services, as well as offer a broad array of products and services to help our customers remain successful. Together, we will build on these strengths as we help customers implement the best technologies for their product development needs." Hibbard, EMI president and owner, says, "Our business and technical approaches evolve as engineering analysis becomes more cost effective. Our customers enhance product development by rapidly simulating product functionality to reduce costs and improve product quality. It is our priority to ensure that our customers use ANSYS software effectively, and to enable them to simulate their products and processes early in the development process." ANSYS Inc. is committed to providing the most open and flexible analysis solutions to suit customer requirements for engineering software in today's competitive marketplace. ANSYS Inc. partners with leading design software suppliers to develop state-of-the-art CAD integrated products. A global network of ANSYS Support Distributors provides sales, support, and training for customers. Note to editors: ANSYS is a registered trademark of SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. IP Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ANSYS Inc. All other trademarks and registered trademarks are the property of their respective owners. CONTACT: ANSYS Inc., Houston Laura Carrabine, 412/873-3079 |
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