ANSYS, Inc. Announces Successful Completion of Ansoft Acquisition and Names Dr. Zoltan...

ANSYS, Inc. Announces Successful Completion of Ansoft Acquisition and Names Dr. Zoltan J. Cendes to ANSYS, Inc. Board of Directors

SOUTHPOINTE, Pa.--(Business Wire)--
ANSYS, Inc. (NASDAQ: ANSS), announced today that the global
innovator of simulation software and technologies designed to optimize
product development processes has successfully completed the
acquisition of Ansoft Corporation in a series of mergers for
approximately 12.2 million shares of ANSYS common stock, including 1.9
million shares pursuant to assumed stock options, and approximately
$387 million in cash, plus expenses.

ANSYS expects the acquisition to be modestly accretive to earnings
the first twelve months, excluding acquisition-related costs,
amortization of intangibles, the impact of deferred revenue purchase
accounting treatment and expensing of stock compensation. The Company
used a combination of existing cash and proceeds from approximately
$355 million of committed bank financing to fund the transaction.

Ansoft is a leading developer of high-performance EDA software.
The software is based on more than 25 years of research and
development by world-renowned experts in electromagnetics, circuit and
system simulation. Engineers use Ansoft products to simulate
high-performance electronics designs found in mobile communication and
Internet devices, broadband networking components and systems,
integrated circuits, printed circuit boards and electromechanical
systems. The company's products are used by blue chip companies as
well as small- and medium-sized enterprises around the world. Today,
electronics simulation technology is used in almost every industry
sector and manufactured product.

"Our research shows that not only is simulation one of the top
strategies for engineering executives, but that enabling multiphysics
analyses is a fundamental key to success," states Chad Jackson, Vice
President of the Product Innovation practice at the Aberdeen Group.
"By adding the world class simulation technology of Ansoft, targeted
at the electronics industries, ANSYS is poised to address the
continuing convergence of the mechanical and electrical worlds, across
a whole range of industry sectors. The collective depth and breadth in
simulation technology that ANSYS now possesses will enable them to
provide very comprehensive multiphysics solutions, by tightly
integrating these critical simulation domains previously assessed
separately."

Jim Cashman, ANSYS President and CEO added, "Finalizing the
acquisition of Ansoft is great news for us, our customers and our
partners. We are very excited to be able to move forward today as a
unified company and begin executing our strategy for the future."

The combination of ANSYS' and Ansoft's software products and
services is expected to give ANSYS the most comprehensive, independent
engineering simulation software offerings in the industry, reaffirming
and strengthening ANSYS' commitment to open interface and flexible
simulation solutions that are primarily driven by customer demand and
choice. With over 60 direct sales offices and 21 development centers,
on three continents, the combined company will employ approximately
1,700 people.

"With the operations and technology synergies that Ansoft and
ANSYS share, we are confident that we can meet the needs of the CAE
community for simulation software and services in a highly effective
manner," said Dr. Zoltan Cendes, founder and Chief Technology Officer
of Ansoft, who will be a Chief Technology Officer with ANSYS, as well
as a new member of the ANSYS board of directors.

Prior to forming Ansoft in 1984, Dr. Cendes served six years with
the General Electric Corp., first in the large steam turbine generator
division and then in the corporate research and development center,
where he was responsible for developing finite element computer codes.
In 1980, he was appointed associate professor of electrical
engineering at McGill University, Montreal, Canada. In 1982, he joined
the faculty of electrical and computer engineering at Carnegie Mellon
University, Pittsburgh, PA, where he was a professor until 1996. Dr.
Cendes received his MS and doctoral degrees in electrical engineering
from McGill University. A fellow of the Institute of Electrical and
Electronics Engineers (IEEE), Dr. Cendes received the IEEE Antennas
and Propagation Society (IEEE AP-S) Distinguished Achievement Award in
2008. In addition, he has served on the editorial board of IEEE
Spectrum, on the International Steering Committee of the COMPUMAG
Conference, and as an IEEE AP-S Distinguished Lecturer.

"We are delighted to welcome Zol to the board," said Peter J.
Smith, Chairman of ANSYS. "He has clearly done a terrific job of
building Ansoft as a world class developer of electronic design
automation software and we look forward to his contributions as a
director of ANSYS. Like ANSYS, Ansoft is very focused on technology
leadership and innovation and Zol's experience and insight will be
most helpful to us."

The company expects to provide updated financial guidance with
respect to Ansoft and the financial outlook of the combined company
during its second quarter earnings conference call being held at 10:30
a.m. ET on Thursday, August 7, 2008.

Conference Call Information:

What: ANSYS Second Quarter 2008 Earnings Conference Call

When: August 7, 2008 at 10:30 a.m. Eastern Time

Where: http://www.ansys.com/corporate/investors.asp

The conference call dial in number is 888-245-0932 (US & CAN) or
913-312-6694 (INT'L) Passcode: ANSYS (26797).

The call will be recorded with replay at 888-203-1112 (US & CAN)
or 719-457-0820 (INT'L) Passcode: 5701438.

About ANSYS, Inc.

ANSYS, Inc., founded in 1970, develops and globally markets
engineering simulation software and technologies widely used by
engineers and designers across a broad spectrum of industries. The
Company focuses on the development of open and flexible solutions that
enable users to analyze designs directly on the desktop, providing a
common platform for fast, efficient and cost-conscious product
development, from design concept to final-stage testing and
validation. The Company and its global network of channel partners
provide sales, support and training for customers. Headquartered in
Canonsburg, Pennsylvania, U.S.A., with more than 60 strategic sales
locations throughout the world, ANSYS, Inc. and its subsidiaries
employ approximately 1,700 people and distribute ANSYS products
through a network of channel partners in over 40 countries. Visit
www.ansys.com for more information.

Forward Looking Information

Certain statements contained in the press release regarding
matters that are not historical facts, including statements regarding
the impact of the acquisition, statements that simulation is a top
strategy for engineering executives, that enabling multiphysics
analyses is a fundamental key to success, that ANSYS is poised to
address continuing convergence of mechanical and electrical worlds
across range of industry sectors, statements regarding the collective
depth and breadth of the company's simulation technologies, regarding
the company's ability to provide very comprehensive multiphysics
solutions tightly integrating critical simulation domains previously
accessed separately, regarding the company executing its strategy for
the future, regarding the combined company's operations and technology
synergies and confidence about meeting the needs of the CAE community
for simulation software and services in a highly effective manner,
statements regarding the most comprehensive, independent engineering
simulation software offerings in the industry, statements about
reaffirming and strengthening the company's commitment to open
interface and flexible simulation solutions that are primarily driven
by customer demand and choice and statements about Ansoft's focus on
technology leadership and innovation, are "forward-looking" statements
(as defined in the Private Securities Litigation Reform Act of 1995).
Because such statements are subject to risks and uncertainties, actual
results may differ materially from those expressed or implied by such
forward-looking statements. All forward-looking statements in this
press release are subject to risks and uncertainties. These include
the risk that the business of ANSYS and Ansoft may not be combined
successfully or such combination may take longer or cost more to
accomplish than expected, and the risk that operating costs, customer
loss and business disruption following the acquisition of Ansoft may
be greater than expected. Additional risks include the risk of a
general economic downturn in one or more of the combined company's
primary geographic regions, the risk that the assumptions underlying
ANSYS' anticipated revenues and expenditures will change or prove
inaccurate, the risk that ANSYS has overestimated its ability to
maintain growth and profitability and control costs, uncertainties
regarding the demand for the combined company's products and services
in future periods, the risk that ANSYS has overestimated the strength
of the demand among its customers for its products, risks of problems
arising from customer contract cancellations, uncertainties regarding
customer acceptance of new products, the risk that the combined
company's operating results will be adversely affected by possible
delays in developing, completing, or shipping new or enhanced
products, risks that enhancements to the combined company's products
may not produce anticipated sales, uncertainties regarding
fluctuations in quarterly results, including uncertainties regarding
the timing of orders from significant customers, and other factors
that are detailed from time to time in reports filed by ANSYS, Inc.
and Ansoft Corporation with the Securities and Exchange Commission,
including the Annual Reports on Form 10-K, the quarterly reports on
Form 10-Q, current reports on Form 8-K and other documents ANSYS and
Ansoft have filed. ANSYS and Ansoft undertake no obligation to
publicly update or revise any forward-looking statements, whether
changes occur as a result of new information or future events after
the date they were made.

ANSYS, Inc.
Investors:
Annette Arribas, CTP, CCEP, 724-514-1782
annette.arribas@ansys.com
or
Media:
Kelly Wall, 724-514-3076
kelly.wall@ansys.com

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