Ansys and Synopsys Announce Agreement with Keysight Technologies for Sale of Ansys PowerArtist

Transaction Overview - Ansys has entered into a definitive agreement to sell its PowerArtist™ business to Keysight Technologies, Inc [2] - The transaction is subject to customary closing conditions, including regulatory approvals and the closing of Synopsys' proposed acquisition of Ansys, expected in the first half of 2025 [2][7] - The sale of PowerArtist was deemed necessary to obtain regulatory approval for Synopsys' proposed acquisition of Ansys [2] PowerArtist Business - PowerArtist is a comprehensive RTL design-for-power platform used by semiconductor companies for early-stage power analysis, profiling, and reduction [3] - The platform enables rapid turnaround on multimillion instance designs, allowing power-related design decisions at an earlier stage compared to traditional gate-level methodologies [3] - PowerArtist is expected to complement and broaden Keysight's existing design engineering software portfolio [7] Strategic Implications - Keysight's acquisition of PowerArtist aligns with its strategy to expand its position in the high-performance system design and simulation software sector [4] - The transaction is not material to Ansys' financials, and the terms of the agreement were not disclosed [5] - Ansys will continue to offer PowerArtist as part of its product line until the transaction closes, ensuring a seamless transition for customers and partners [5] Industry Context - Ansys has been a leader in simulation software for over 50 years, enabling innovation across industries such as sustainable transportation, advanced semiconductors, and medical devices [9] - Synopsys, a key player in silicon-to-systems design solutions, is partnering with Ansys to maximize R&D capability and productivity in the semiconductor and systems industries [10][11]