ANSYS (ANSS) Announces Acquisition of KPIT medini Technologies
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
ANSYS (Nasdaq: ANSS) announced that it has acquired Berlin-based KPIT medini Technologies AG, a leading provider of systems safety analysis solutions.
As products – from mobile phones to automobiles – become smarter and more complex, the need to simulate the entire system, and not just its components, is increasing rapidly. That added complexity provides new ways for products to fail, making systems safety and reliability analysis more critical than ever.
Medini develops and markets solutions for systems safety analysis, reliability engineering and quality management. Its flagship solution, medini™ analyze, implements core functional safety analysis activities and integrates them with customers' existing engineering workflows. Medini analyze provides wide support, including at the concept, system, software and hardware levels.
A combined ANSYS-medini solution enables companies to have one system simulation solution for the entire product development cycle. This will allow companies to more effectively manage their system engineering processes, as well as to perform in-depth sub-system and component engineering development in a single comprehensive platform – achieving functional safety, reliability and quality targets faster and more cost-effectively.
"With trends like autonomous vehicles and the Internet of Things, innovation has never been more important for companies, regardless of their industry. But system complexity can be a barrier to innovation for some organizations," said Jim Cashman, ANSYS CEO. "That's why we're excited about the systems functional safety capabilities medini adds to the broad ANSYS portfolio. Our combined solution will spark innovation in a variety of industries."
"This unique combination will help us to extend our reach into other sectors, including aircraft and energy, where ANSYS is strong," said Olaf Kath, co-founder and CEO of medini. "And we will be able to work with our existing customers in the automotive industry to reduce their reliance on costly physical testing and streamline system engineering processes, while also improving the speed and success of their product development efforts."
"We are very happy about synergy in the tools strategy for medini and ANSYS," said KPIT CEO Kishor Patil, "KPIT will continue to focus on functional safety services and be a long-term strategic partner to medini and ANSYS."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tucows (TCX) to Acquire eNom from Rightside (NAME) for $83.5M
- Interpace Diagnostics (IDXG) Enters Pact With Israeli Specialty Services Provider Best Med
- DryShips (DRYS) Acquires Its First VLGC With 5 Year Time Charter Attached to Oil Major
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!