Ansys signed agreement to acquire embedded software firm

Published:2012/5/30 1:15:00 Author:Ecco From:SeekIC

Simulation software provider Ansys Inc. announced that it signed definitive agreement to acquire France-based Esterel Technologies SA for about $53 million in cash.

Esterel develops embedded software simulation tools which are used for mission critical applications. It is headquartered in Elancourt, France. The company has about 80 employees and reported revenues of approximately 15 million euro (about $18.7 million) for fiscal year 2011. According to Ansys, the acquisition of Esterel software tools can extend its vision to encompass both hardware and software systems. Ansys also acquired EDA vendor Apache Design Solutions Inc. for $310 million in cash last year.

Esterel’s certified code generators are compliant with more than 10 certification standards including aerospace, defense, rail transportation, automotive, industrial systems and nuclear plants. The combination of these two great companies will uniquely enable customers to comprehensively simulate complete system. Two companies believe that their products will thrive in the real world.

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