According to the CIOZone analysis, the revenue of public U.S. software companies jumped 24 percent in 2007, compared to 2006, while the ANSYS sales growth in that same period was 45.8 percent and the Company's profit change from 2006 to 2007 was 485.7 percent.
CIOZone compiled its Fastest-Growing Big Software Vendors list based on 2007 revenue and profit of publicly held software companies in the United States. It identified Security Industry Codes relevant to software, eliminated companies that were not purely software-related, and limited the list to companies that started the year with more than $150 million in sales "to make sure the list wasn't skewed toward very small companies that most CIOs would be unlikely to find themselves doing business with," the report said. Finally, the listing compared sales growth, revenue, net profit and profit change in calendar year 2007.
"Being listed on the CIOZone software list is an honor," said Jim Cashman, president and CEO of ANSYS, Inc. "It exemplifies our investment in driving technology to new levels, which is being rewarded by strong customer adoption. Many years ago, we saw simulation as the key to predicting how products in development would behave in a real-world environment. We remain committed to invest in the future of our advanced simulation solutions and to further expand our integrated portfolio, which continues to fuel our growth across various diverse industries and geographies."
The Surging 60 also included a list of the 20 Fastest-Growing Small Software Vendors, which consisted of companies that began the year with between $50 and $150 million in revenue. On March 31, 2008, ANSYS announced the proposed acquisition and signing of a definitive agreement for the purchase of Ansoft Corporation, which was named to CIOZone's small vendors' list.
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About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people and distribute ANSYS products through a network of channel partners in over 40 countries. Visit http://www.ansys.com for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.