Industry Expert Blogs

Rather than quickly passing over the obligatory opening slide, Andrew Yang stops and points while reading the text that encapsulates the central purpose for our meeting - "Apache Design Solutions, a wholly -owned subsidiary of ANSYS, Inc." On August 1, ANSYS announced that they had successfully closed their purchase of Apache, for approximately $314 million in cash. The wholly-owned subsidiary designation is key. Dr. Yang will continue to carry the title of President of Apache Design Inc., while also assuming the role of Vice President and General Manager - as a member of ANSYS' senior management team.  ANSYS is intent upon keeping Apache intact post-acquisition, with a total of $25M in payments and incentives that will be doled out to Dr. Yang, his staff and employees on the next three anniversaries through 2014.

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