ANSYS to Buy Apache Design Solutions for $310 Million in Cash

Posted Jun 30, 2011

ANSYS has agreed to acquire Apache Design Solutions for about $310 million. The deal is cash-only, with provisions for current Apache employees. Both companies are in the simulation software business. TechCrunch reports that Apache’s software focuses on low power integrated circuits, which will work well with ANSYS’s software handling everything from integrated circuits and electronic packages to printed circuit boards.