Acquisition deepens Ansys offering for model-based systems engineering.
Key Highlights
- Ansys acquires Phoenix Integration, Inc., the premier provider of software that enables model-based engineering and model-based systems engineering
- Acquisition complements Ansys' acquisition of Dynardo GmBH in the process integration and design optimization space and Analytical Graphics, Inc. in A&D
- Acquisition is not expected to have a material impact on Ansys' consolidated financial statements in 2021
Ansys, the global leader and innovator of engineering simulation software, announced today that it has acquired Phoenix Integration, Inc. the premier provider of software that enables model-based engineering (MBE) and model-based systems engineering (MBSE). The acquisition will expand the scope of Ansys' solution offering, enabling users to connect a range of engineering tools together in multi-tool workflows for broad and robust model-based engineering. Terms of the deal were not disclosed. The acquisition is not expected to have a material impact on Ansys' consolidated financial statements in 2021.
Engineers and designers use a variety of disparate software tools during the product development process. These tools are rarely connected, resulting in highly manual engineering and change processes, often managed through email and spreadsheets, which lack traceability. MBE enables the automation of these processes and helps to tame that complexity. MBSE provides traceability to requirements through the use of a systems model as a single source of truth for describing the evolving system design throughout its product lifecycle.
Phoenix Integration's ModelCenter is a vendor-neutral software platform that empowers engineers to create and automate multi-tool workflows, providing increased flexibility to solve challenging engineering problems, and ultimately delivering on the promise of MBE. ModelCenter MBSE bridges the gap between engineering analysis and the systems model, ensuring that the product requirement is met and in sync with the engineering analysis conducted throughout the product development process.
The Blacksburg, Va., company's software is used by a variety of customers across industries and is particularly prevalent in the aerospace & defense sector. Long-term customers include Lockheed Martin, Northrop Grumman, SAIC, Raytheon, NASA, the US Air Force and the US Navy. Phoenix Integration is also a longtime partner of Analytical Graphics, Inc., which Ansys acquired in 2020.
"Companies across industries are benefitting from process integration and MBSE through improved communications, increased product quality and heightened productivity across their engineering teams," said Shane Emswiler, senior vice president of Ansys. "Acquiring market leader Phoenix Integration will complement our acquisition of Dynardo in the process integration and design optimization space, and expand our capabilities providing customers with strong MBE and MBSE offerings to further our pervasive engineering strategy. I am excited for Phoenix Integration to join the Ansys team."
"Phoenix Integration has seen firsthand the benefits that engineering simulation and MBE have in transforming the product development process," said Jane Trenaman, president and CEO of Phoenix Integration. "We are looking forward to joining forces with Ansys to help our existing customers benefit from expanded access to physics-based simulation within their model-based engineering workflows, and we are excited to see the ModelCenter platform provide increased value to the Ansys community."
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