Synopsys, announced it has officially completed its acquisition of Ansys, a milestone that brings together two industry leaders in silicon design, IP and multiphysics simulation to accelerate the development of next-generation, AI-powered products. First announced on January 16, 2024, the strategic acquisition positions Synopsys to address a significantly larger $31 billion total addressable market (TAM).
“Today marks a transformational milestone for Synopsys. For decades, Synopsys has been delivering breakthroughs in silicon design and IP that have fueled chip innovation,” said Sassine Ghazi, President and CEO of Synopsys. “The increasing complexity of developing intelligent systems demands design solutions with a deeper integration of electronics and physics, enhanced by AI. With Ansys’ leading system simulation and analysis solutions now part of Synopsys, we can maximize the capabilities of engineering teams broadly, igniting their innovation from silicon to systems.”
As part of the transaction, Ajei Gopal, former President, CEO, and board member of Ansys, and Ravi Vijayaraghavan, former Ansys board member, have joined the Synopsys Board of Directors, effective immediately.
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“For half a century, Ansys has enabled innovators across industries to push boundaries with the predictive power of simulation and analysis,” said Ajei Gopal. “Our companies have a common culture, a successful longstanding partnership, and now a united mission to empower innovators to drive human advancement. I look forward to serving this mission as a member of the Synopsys board and expect a swift, successful integration.”
The combined capabilities of Synopsys and Ansys are expected to redefine how engineering teams across sectors-ranging from semiconductors and high-tech to automotive, aerospace, and industrial-approach product innovation. By integrating leading-edge simulation and system-level analysis with Synopsys’ expertise in silicon and IP design, customers will benefit from more holistic, AI-enhanced design workflows that drive faster time-to-market, reduced costs, and enhanced product reliability.