It develops and markets engineering simulation software. Ansys software is used to design products and semiconductors, as well as to create simulations that test a product’s durability, temperature distribution, solidworks 2017 export pdf opens pdf movements, and electromagnetic properties. Swanson sold his interest in the company to venture capitalists in 1993. In the 2000s, Ansys made numerous acquisitions of other engineering design companies, acquiring additional technology for fluid dynamics, electronics design, and other physics analysis.
Westinghouse rejected Swanson’s idea to automate FEA by developing general purpose engineering software, so Swanson left the company in 1969 to develop the software on his own. He founded Ansys under the name Swanson Analysis Systems Inc. Swanson developed the initial Ansys software on punch-cards and used a mainframe computer that was rented by the hour. Westinghouse hired Swanson as a consultant, under the condition that any code he developed for Westinghouse could also be included in the Ansys product line. Westinghouse also became the first Ansys user.
In 1992, SASI acquired Compuflo, which marketed and developed fluid dynamics analysis software. SASI was renamed after the software, Ansys, the following year. 46 million in an initial public offering. 5 million in annual revenue.
In the late 1990s, Ansys shifted its business model. It focused less on selling software licenses and corresponding revenue declined. However, revenue from services increased more dramatically. From 1996 to 1999, profits at Ansys grew an average of 160 percent per year.
In 1999, Ansys acquired Centric Engineering Systems, a private company based in California that developed fluid, structural and thermal analysis software. In February 2000, Jim Cashman was appointed CEO. ICEM was focused on mesh simulations for aerospace, automotive and electronics engineering design. In 2001, Ansys acquired a French computer-aided design company called Cadoe. Ansys acquired CFX, which developed fluid dynamics simulation software, two years later.