ANSYS to acquire Livermore Software Technology for $775m.

ANSYS, the global leader and innovator of engineering simulation software, has entered into a definitive agreement to acquire Livermore Software Technology, the premier provider of explicit dynamics and other advanced finite element analysis technology for $775m, of which 60% of the consideration will be paid in cash and 40% will be paid through the issuance of ANSYS common stock to the current owners of LSTC. "As an ANSYS partner for nearly 25 years, I am excited to formally join ANSYS and contribute to their place as the leader in engineering simulations. ANSYS is the perfect home for LSTC's world-class team of scientists, mathematicians, and engineers to continue advancing state-of-the-art, scalable and fully coupled, multiphysics computations. The ANSYS Workbench platform provides its customers with access to a uniquely broad portfolio of simulation technologies packaged into a user-friendly interface that is the envy of the industry. I expect that the combination of Workbench and LS-DYNA will expand our user base by at least an order of magnitude. Here at LSTC, nothing makes all of us happier than when our research enables more customers to imagine, design and implement ambitious projects that were previously impossible." John O. Hallquist, founder, and CEO, LSTC.