English
Industry Expert Blogs
|
Apache Design's Andrew Yang, on the ANSYS acquisition and simulation-driven product realizationEE Daily News - Mike DemlerAug. 11, 2011 |
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.
Related Blogs
- Mitigating Side-Channel Attacks In Post Quantum Cryptography (PQC) With Secure-IC Solutions
- Intel Embraces the RISC-V Ecosystem: Implications as the Other Shoe Drops
- Ecosystem Collaboration Drives New AMBA Specification for Chiplets
- Digitizing Data Using Optical Character Recognition (OCR)
- Texas Instruments and OMAP: Increasingly Dedicated to Embedded