An Interest In:
Web News this Week
- April 16, 2024
- April 15, 2024
- April 14, 2024
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
Some of Our Sources
- BoingBoing
- Engadget
- TutsPlus - Code
- Smashing Apps
- Six Revisions
- TutsPlus - Design
- FanExtra - PSD
- Line 25
- Design Modo
- Web Resource Source
Help Webnuz
Referal links:
June 30, 2011 03:33 pm GMT
ANSYS, which offers simulation software and technologies designed to optimize product development processes, has agreed to acquire Apache Design Solutions, a simulation software provider for low power solutions in the electronics industry. The purchase price is approximately $310 million in cash. The price includes an estimated $29 million in cash on Apache's balance sheet. ANSYS intends to fund the transaction with cash on-hand from the combined organization.The agreement also includes retention provisions and incentives for certain members of management and employees, earned over a three year period, including an additional $13 million of performance equity awards. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3XBo3bZY6ig/
ANSYS Acquires Apache Design Solutions For $310 Million In Cash
ANSYS, which offers simulation software and technologies designed to optimize product development processes, has agreed to acquire Apache Design Solutions, a simulation software provider for low power solutions in the electronics industry. The purchase price is approximately $310 million in cash. The price includes an estimated $29 million in cash on Apache's balance sheet. ANSYS intends to fund the transaction with cash on-hand from the combined organization.The agreement also includes retention provisions and incentives for certain members of management and employees, earned over a three year period, including an additional $13 million of performance equity awards. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3XBo3bZY6ig/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch