ANSYS, Inc. announces acquisition of EVEN – Evolutionary Engineering AG
Acquisition of Composites Leader Further Broadens Capabilities of Simulation Innovator
ANSYS, Inc. (Nasdaq:ANSS), a global innovator of simulation, and EVEN Evolutionary Engineering AG (“EVEN”), a leading provider of composite analysis and optimization technology relying on cloud computing, announced that ANSYS has acquired EVEN, which will become ANSYS Switzerland, a wholly owned subsidiary of ANSYS, Inc.
The terms of the transaction were not disclosed. Headquartered in Zurich, EVEN has 12 employees and has been a partner of ANSYS, offering EVEN’s composite technologies through a product called ANSYS® Composite PrepPost™. This product is tightly integrated with ANSYS Mechanical™ in ANSYS Workbench™ and with ANSYS Mechanical APDL. EVEN also provides best-in-class engineering services in composites applications and in other areas in its fields of expertise.
Composites blend two or more materials that possess very different properties. Because they combine light weight, high strength and outstanding flexibility, composites have become standard materials for manufacturing in a range of industries, including automotive, aerospace, energy, marine, motorsports and leisure. As a result, the use of composites has grown dramatically in the last decade. This popularity has fostered the need for new design, analysis and optimization technology. Since EVEN is a leader in composite simulation, this acquisition emphasizes the high priority ANSYS is giving to this emerging technology. Composites pose many challenges for R&D teams that need to identify the appropriate formulation for a required use. To successfully produce layered composites, engineers must define the optimal material formula which depends on the number of layers involved along with the thickness and relative orientation of each layer.
ANSYS Composite PrepPostis a pre- and post-processing solution for layered composite materials integrated into the ANSYS software portfolio. The solution empowers users to efficiently model the most complex composite structures and, at the same time, fully understand the potential failure of product models. Users can subject product designs to simple physical stresses and compute progressive damage, delamination and cracking. The technology’s post-processing capabilities enable users to conduct in-depth investigations of ultimate product integrity and behavior. Users can view global results or conduct detailed analysis at the level of individual layers.
“We are very pleased that our long-standing partner relationship with the EVEN team has resulted in EVEN becoming part of the ANSYS family,” said Jim Cashman, president and CEO of ANSYS. “Composites simulation is a fast growing market with application across multiple industries, broadening our industry knowledge and competencies in this area. The tight coupling of the EVEN products within our platform is highly beneficial, so we look forward to working with the EVEN employees and customers.”
About ANSYS, Inc.
ANSYS brings clarity and insight to customers’ most complex design challenges through fast, accurate and reliable engineering simulation. Our technology enables organizations no matter their industry to predict with confidence that their products will thrive in the real world. Customers trust our software to help ensure product integrity and drive business success through innovation. Founded in 1970, ANSYS employs more than 2,400 professionals, many of them experts in engineering fields such as finite element analysis, computational fluid dynamics, electronics and electromagnetics, and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 70 strategic sales locations throughout the world with a network of channel partners in 40+ countries.
About EVEN — Evolutionary Engineering AG
EVEN Evolutionary Engineering AG is a leader in composite analysis and optimization technology relying on cloud computing. EVEN also provides best-in-class engineering services in composites applications and in other areas in its fields of expertise. EVEN is a wholly owned subsidiary of ANSYS, Inc. headquartered in Zurich, Switzerland.
Web: www.ansys.com, www.even-ag.ch
