/ Key Highlights
- Ansys PowerArtist is a comprehensive register-transfer-level
(RTL) design-for-power platform used for early-stage power analysis
and reduction of semiconductor designs, across a wide range of end
industry applications.
- The tool will complement and broaden Keysight's existing design
engineering software portfolio.
- The transaction is subject to customary closing conditions,
including review by regulatory authorities, and the closing of
Synopsys' proposed acquisition of Ansys, which is currently pending
regulatory approvals and expected to close in the first half of
2025.
PITTSBURGH and SUNNYVALE, Calif., Jan. 6, 2025
/PRNewswire/ -- Ansys
(NASDAQ: ANSS)
and Synopsys
(NASDAQ: SNPS) today
announced that Ansys has entered into a definitive agreement for
the sale of its PowerArtist™ business
to Keysight Technologies,
Inc. (NYSE: KEYS), a
global leader in design and simulation software for semiconductors,
electronics and high-performance systems. The transaction is
subject to customary closing conditions, including review by
regulatory authorities, and the closing of Synopsys' proposed
acquisition of Ansys, which is pending regulatory approvals and
expected to close in the first half of 2025. Ansys and Synopsys
determined that the sale of PowerArtist was necessary to obtain
regulatory approval for Synopsys' proposed acquisition of
Ansys.
PowerArtist is a comprehensive RTL design-for-power platform
used by semiconductor companies for early-stage power analysis,
profiling and reduction. Compared to traditional gate-level
methodologies, PowerArtist provides rapid turnaround on
multimillion instance designs—enabling power-related design
decisions at an earlier stage of the design process.
"We are proud of the role PowerArtist has played to advance low
power innovation across semiconductor design applications," said
John Lee, vice president and general
manager, electronics semiconductor and optics business unit at
Ansys. "PowerArtist will continue to flourish as part of Keysight's
portfolio as a leading, independent RTL power product agnostic of
vendor-specific design implementation flows."
Keysight is a major supplier to semiconductor and electronics
companies worldwide. Its planned acquisition of the PowerArtist
business furthers its strategy to expand its position in the
high-performance system design and simulation software sector.
"Our acquisition of the RTL design-for-power solution from Ansys
will further expand our portfolio of design engineering software
solutions," said Niels Faché, vice president and general manager,
Keysight Design Engineering Software. "We look forward to
strengthening our offering in digital systems and welcoming the
PowerArtist team to Keysight."
The sale of PowerArtist is not material to Ansys' financials,
and terms of the agreement were not disclosed. The parties are
committed to having a seamless transition for the Ansys PowerArtist
team, customers and partners. During the interim period until the
transaction closes, Ansys will continue to offer Ansys PowerArtist
as part of its product line, and is committed to providing the same
high-quality service its customers have come to expect.
Cautionary Statement Regarding Forward-Looking
Statements
This release may contain "forward-looking statements" within the
meaning of the federal securities laws, including Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on Ansys' and Synopsys' current expectations,
estimates and projections about the expected date of the closing of
the proposed transaction with Synopsys and the proposed divestiture
of PowerArtist and the potential benefits thereof, its business and
industry, management's beliefs and certain assumptions made by
Ansys and Synopsys, all of which are subject to change. In this
context, forward-looking statements often address expected future
business and financial performance and financial condition, and
often contain words such as "expect," "anticipate," "intend,"
"plan," "believe," "could," "seek," "see," "will," "may," "would,"
"might," "potentially," "estimate," "continue," "expect," "target,"
similar expressions or the negatives of these words or other
comparable terminology that convey uncertainty of future events or
outcomes. All forward-looking statements by their nature address
matters that involve risks and uncertainties, many of which are
beyond our control, and are not guarantees of future results, such
as statements about the consummation of the proposed transactions,
the anticipated benefits thereof, and any filing or action required
to consummate the transactions on a timely basis or at all. There
are or will be important factors that could cause actual results to
differ materially from those indicated in such statements and,
therefore, you should not place undue reliance on any such
statements and caution must be exercised in relying on
forward-looking statements. Important risk factors that may cause
such a difference include, but are not limited to: (i) the
completion of the proposed transactions on anticipated terms and
timing, including obtaining regulatory approvals, anticipated tax
treatment, unforeseen liabilities, future capital expenditures,
revenues, expenses, earnings, synergies, economic performance,
indebtedness, financial condition, losses, future prospects,
business and management strategies for the management, expansion
and growth of Ansys' business and other conditions to the
completion of the transactions; (ii) failure to realize the
anticipated benefits of the proposed transactions, including as a
result of delay in completing the transactions or integrating the
businesses of Ansys and Synopsys; (iii) Ansys' ability to implement
its business strategy; (iv) pricing trends, including Ansys' and
Synopsys' ability to achieve economies of scale; (v) potential
litigation relating to the proposed transactions that could be
instituted against Ansys, Synopsys or their respective directors;
(vi) the risk that disruptions from the proposed transactions will
harm Ansys' or Synopsys' business, including current plans and
operations; (vii) the ability of Ansys or Synopsys to retain and
hire key personnel; (viii) potential adverse reactions or changes
to business relationships resulting from the announcement, pendency
or completion of the proposed transactions; (ix) legislative,
regulatory and economic developments affecting Ansys' and Synopsys'
businesses; (x) general economic and market developments and
conditions; (xi) the evolving legal, regulatory and tax regimes
under which Ansys and Synopsys operate; (xii) potential business
uncertainty, including changes to existing business relationships,
during the pendency of the proposed transactions that could affect
Ansys' or Synopsys' financial performance; and (xiii) restrictions
on Ansys' or Synopsys' operations during the pendency of the
proposed transactions that may impact Ansys' or Synopsys' ability
to pursue certain business opportunities or strategic transactions,
as well as Ansys' and Synopsys' response to any of the
aforementioned factors. The risks associated with the proposed
Synopsys transaction are more fully discussed in the proxy
statement/prospectus filed with the Securities and Exchange
Commission (the "SEC") in connection with the proposed Synopsys
transaction. While the list of factors presented here is, and the
list of factors presented in the proxy statement/prospectus are,
considered representative, no such list should be considered to be
a complete statement of all potential risks and uncertainties.
Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements. Consequences of
material differences in results as compared with those anticipated
in the forward-looking statements could include, among other
things, business disruption, operational problems, financial loss,
legal liability to third parties and similar risks, any of which
could have a material adverse effect on Ansys' or Synopsys'
consolidated financial condition, results of operations, or
liquidity. Neither Ansys nor Synopsys assumes any obligation to
publicly provide revisions or updates to any forward-looking
statements, whether as a result of new information, future
developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.
/ About Ansys
Our Mission: Powering Innovation that Drives Human
Advancement™
When visionary companies need to know how their world-changing
ideas will perform, they close the gap between design and reality
with Ansys simulation. For more than 50 years, Ansys software has
enabled innovators across industries to push boundaries by using
the predictive power of simulation. From sustainable transportation
to advanced semiconductors, from satellite systems to life-saving
medical devices, the next great leaps in human advancement will be
powered by Ansys.
Ansys and any and all ANSYS, Inc. brand, product, service and
feature names, logos and slogans are registered trademarks or
trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All
other brand, product, service and feature names or trademarks are
the property of their respective owners.
ANSS–T
/ About Synopsys
Catalyzing the era of pervasive intelligence, Synopsys, Inc.
(Nasdaq: SNPS) delivers trusted and comprehensive silicon to
systems design solutions, from electronic design automation to
silicon IP and system verification and validation. We partner
closely with semiconductor and systems customers across a wide
range of industries to maximize their R&D capability and
productivity, powering innovation today that ignites the ingenuity
of tomorrow. Learn more at www.synopsys.com.
/ Ansys Contacts
Media
Mary Kate Joyce
724.820.4368
marykate.joyce@ansys.com
Investors
Kelsey DeBriyn
724.820.3927
kelsey.debriyn@ansys.com
/ Synopsys Contacts
Media
Cara
Walker
corp-pr@synopsys.com
Investors
Trey Campbell
synopsys-ir@synopsys.com
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SOURCE Synopsys, Inc.
