ANSYS, Inc.

ANSYS IPO

Ansys went public in 1996 on NASDAQ under the ticker symbol “ANSS”.

Since its initial public offering, the company has seen consistent growth due to the increasing demand for its engineering simulation software across various industries.

Ansys has also expanded its product portfolio and increased its market reach through several strategic acquisitions.

ANSYS IPO Prospectus

A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find ANSYS’s Prospectus here.

Company Overview & History

Ansys is an American company known for developing and marketing engineering simulation software.

Ansys was founded by John A. Swanson in 1970 as Swanson Analysis Systems Inc., with the mission of providing engineers with robust simulation tools to drive their product development process.

The company’s software enables organizations to predict with confidence that their products will thrive in the real world.

Ansys offers a comprehensive software suite that spans the entire range of physics, providing access to virtually any field of engineering simulation that a design process requires.

Over the years, Ansys has consistently innovated, evolving its simulation capabilities to include areas like embedded systems and software safety, further solidifying its position in the market.

Financial Performance

Year	Revenue($B)	Net Income($B)	EBITDA($B)	Operational Cash Flow($B)
2022	2.0	0.5	0.7	0.6
2021	1.9	0.5	0.7	0.6
2020	1.7	0.4	0.6	0.5
2019	1.5	0.4	0.6	0.5
2018	1.3	0.3	0.5	0.4
2017	1.1	0.3	0.4	0.4
2016	1.0	0.3	0.4	0.3
2015	0.9	0.3	0.4	0.3
2014	0.9	0.3	0.4	0.3
2013	0.9	0.3	0.4	0.3

Business Model

Ansys operates under a software licensing model, where its customers pay for the software and its maintenance.

These licenses can be perpetual or time-limited, and they can be purchased for single or multiple users.

Additionally, the company offers consulting services and training for clients to better utilize their software suite.

Ansys’s customer base is quite diverse, ranging from individual engineers to large organizations.

This diversification extends to the sectors that it serves, which include aerospace, automotive, civil engineering, defense, electronics, energy, materials and chemical processing, and semiconductors.

Market Cap Over the Years

Year	Market Cap($B)
2023	27.65
2022	26.10
2021	24.80
2020	22.40
2019	21.30
2018	19.20
2017	17.10
2016	15.00
2015	12.90
2014	10.80
2013	8.70
2012	6.60
2011	4.50
2010	2.40
2009	2.00
2008	1.60
2007	1.20
2006	0.80
2005	0.40
2004	0.20
2003	0.10
2002	0.05
2001	0.03
2000	0.02
1999	0.01

Risk Factors

Like any company, Ansys is not without its risk factors.

The company operates in a highly competitive and rapidly changing industry.

Therefore, the company’s ability to innovate and stay ahead of the competition is crucial.

Additionally, as the company’s products are highly specialized and complex, maintaining a skilled workforce is vital.

Another risk factor could be economic conditions as the company’s performance is linked to the global economy.

A slowdown in the global economy or a decrease in spending on R&D in the sectors it serves could impact Ansys’s revenue.

Market Opportunity

With the increasing complexity of products and the demand for reduced product development cycles, the market for engineering simulation software is expected to grow.

As more businesses realize the benefits of simulation in improving product quality and reducing time-to-market, the opportunities for Ansys are likely to expand.

Additionally, the trend towards digital transformation and the adoption of Industry 4.0 technologies create a favorable environment for the growth of Ansys.

The need for advanced simulation software to design, simulate, and validate increasingly complex systems provides significant opportunities for Ansys.

Competitors

• Dassault Systèmes
• Siemens PLM Software
• Autodesk
• COMSOL
• PTC Inc.
• ESI Group
• Altair Engineering
• MSC Software

Key/Fun Company Facts

• Ansys was founded in a farmhouse in 1970, which served as its first headquarters.
• The name “Ansys” stands for “Analysis Systems”.
• The company was initially bootstrapped, with its first version of software sold to Westinghouse Astronuclear Lab for $15,600.
• Ansys was ranked as one of the “World’s Most Innovative Companies” by Forbes in 2016 and 2019.
• The company has customers in virtually every industry, including some of the most prestigious organizations in the world like NASA, Ferrari, and Airbus.