SOUTHPOINTE, Pa., March 27, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- ANSYS, Inc.
(Nasdaq: ANSS), a global innovator of simulation software and technologies
designed to optimize product development processes, today announced that
following informal discussions with staff at the Federal Trade Commission
("FTC"), ANSYS has elected to refile its pre-merger notification and report
form under the Hart-Scott-Rodino Antitrust Improvements Act with respect to
its acquisition of Fluent Inc.
ANSYS has withdrawn its original filing and has refiled its Notification
and Report Form with the FTC and the Antitrust Division of the Department of
Justice on March 27, 2006. As a result, the FTC staff will have more time to
review the information submitted by ANSYS and Fluent before the staff must
determine what additional information, if any, it will request. The waiting
period for the new filing will expire at 11:59 p.m. on the 30th day after the
refiling is completed unless earlier terminated by the FTC and the Antitrust
Division. ANSYS and Fluent remain committed to working cooperatively with the
FTC as it conducts its review of the acquisition.
Subject to customary closing conditions and the expiration or termination
of the waiting periods under the Hart-Scott-Rodino Act discussed above, ANSYS
continues to anticipate the transaction will close in the second quarter of
2006, although the timing of the closing may be affected by formal or informal
requests, if any, for additional information from the FTC.
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 25 strategic sales locations throughout the
world, ANSYS, Inc. and its subsidiaries employ approximately 600 people and
distribute ANSYS products through a network of channel partners in over 40
countries. Visit http://www.ansys.com for more information.
Safe Harbor Statement
Certain statements contained in the press release regarding matters that
are not historical facts are "forward-looking" statements (as defined in the
Private Securities Litigation Reform Act of 1995). All forward-looking
statements in this press release are subject to risks and uncertainties.
These include the risk that the acquisition of Fluent may not be consummated
and the risk that the business of ANSYS and Fluent may not be combined
successfully or such combination may take longer or cost more to accomplish
than expected. Additional risks are detailed from time to time in reports
filed by ANSYS, Inc. with the Securities and Exchange Commission, including
ANSYS, Inc.'s 2005 Annual Report and Form 10-K. We undertake no obligation to
publicly update or revise any forward-looking statements, whether changes
occur as a result of new information or future events after the date they were
SOURCE ANSYS, Inc.
Lisa O'Connor of ANSYS, Inc., +1-724-514-1782, or firstname.lastname@example.org