Apache is part of Ansys: now what?
August 15, 2011
The August 1 completion of the acquisition of Apache Design Solutions by physical-modeling vendor Ansys brought a sudden end to a quick and surprising sequence of events. It also raised some fascination questions, not the least for Apache’s existing customers.
A brief recap might help. In mid-March, Apache registered its intent to make an Initial Public Offering. The idea of a successful small-cap IPOL in the EDA industry after so many years in the wilderness cheered everyone. Few mentioned that the S-1 filing described uninspiring GAAP earnings growth, a market in which Apache already had won the top 20 prospects, an a very pro-forma statement on the intended uses of funds.
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