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Primeur weekly 2019-09-16

Focus

France is preparing to host an EuroHPC exascale system in 2022/2023 ...

Crowd computing

Purdue's nanoHUB@Home project lets anyone contribute to cutting-edge nanotechnology research - no PhD required ...

Quantum computing

ABN AMRO and QuSoft partnership to explore the power of quantum software ...

Q-CTRL leaps into the global top-10 of quantum start-ups ...

Quantum computers by AQT and University of Innsbruck leverage Cirq for quantum algorithm development ...

IBM and Fraunhofer join forces on Quantum Computing Initiative for Germany ...

Focus on Europe

GENCI to deploy new strategic plan 2019-2023 ...

IBM and SKODA AUTO University collaborate on new digital skills for students ...

Middleware

ORNL staff to highlight OpenACC's role in HPC at Annual Meeting ...

Hardware

Panasas High-performance data storage supports environmentally responsible energy exploration at Magseis Fairfield ...

Supermicro expands high-performance SuperWorkstation system portfolio with launch of new solution ...

National Science Foundation $1,4 million grant will help develop cyberinfrastructure across Midwest ...

Applications

Brain-inspired computing could tackle big problems in a small way ...

From the subatomic to the intergalactic: scientists gather in Leicester to share supercomputer results ...

Artificial intelligence helps to predict hybrid nanoparticle structures ...

Computer simulations predicted structure of gold cluster that chops carbon dioxide ...

Forging new frontiers in AI education: Diercks Hall opens at Milwaukee School of Engineering ...

AI to help drive engine efficiencies on the road ...

ANSYS and LS-DYNA creator Livermore Software Technology Corporation sign definitive acquisition agreement ...

New computing education group joins TACC ...

GPUs power GE code at OLCF hackathons ...

The Cloud

Mellanox to ship record of more than one million ConnectX adapters in Q3 2019 ...

SUSE enhances delivery of modern containerized and Cloud native applications ...

Univa expands Navops launch multi-Cloud automation to the Slurm community ...

Univa unveils Navops Launch 2.0 ...

ANSYS and LS-DYNA creator Livermore Software Technology Corporation sign definitive acquisition agreement

11 Sep 2019 Pittsburgh - ANSYS, a global expert and innovator of engineering simulation software, has entered into a definitive agreement to acquire Livermore Software Technology Corporation (LSTC), the premier provider of explicit dynamics and other advanced finite element analysis technology. Once closed, the acquisition will empower ANSYS customers to solve a new class of engineering challenges, including developing safer automobiles, aircraft and trains while reducing or even eliminating the need for costly physical testing.

The purchase price for the transaction is $775 million, of which 60% of the consideration will be paid in cash and 40% will be paid through the issuance of ANSYS common stock to the current owners of LSTC. In conjunction with the transaction, ANSYS anticipates obtaining new debt financing to fund all or a significant portion of the cash component of the purchase price.

The automotive industry has widely adopted the Livermore, California company's gold-standard solution, LS-DYNA, a highly scalable multiphysics solver, to accurately predict a vehicle's behaviour and the effects on occupants during a collision. To do this, LS-DYNA simulates the behaviour of the vehicle structure and all components including tires, seats, seatbelts, airbags, accelerometers, sensors and batteries in a fully coupled mathematical framework. LSTC counts the vast majority of tier one automotive suppliers among its customers. The combined company's strengths in simulation for structures, fluids, electromagnetics, optics, safety and machine learning will deliver a powerful solution for autonomous and electric vehicles to global automotive manufacturers and their suppliers.

The ability of LS-DYNA to scale to industry-leading levels on high-performance computers has propelled its usage outside of the automotive sector. LSTC's solutions are widely used in aerospace, civil engineering, defense, manufacturing, and the biomedical industries.

"LSTC has been a decades-long ANSYS partner, and we have tremendous respect for the deep ties that they have built with their customers for more than 30 years", stated Ajei Gopal, ANSYS president and CEO. "Upon close, we expect our shared customer-centric approach, coupled with access to our combined portfolio of simulation solutions, will deliver enormous value to our mutual customers. Additionally, this acquisition will enable ANSYS to significantly advance our existing integration of LS-DYNA into the ANSYS Workbench environment, providing ANSYS customers seamless access to an even wider range of advanced simulation technology. Driven by the vision of its founder John Hallquist, LSTC has focused on customer success throughout its history. I am personally thrilled for the opportunity to work more closely with this industry legend."

"As an ANSYS partner for nearly 25 years, I am excited to formally join ANSYS and contribute to their place as the leader in engineering simulations", stated John O. Hallquist, founder and CEO of LSTC. "ANSYS is the perfect home for LSTC's world-class team of scientists, mathematicians and engineers to continue advancing state-of-the-art, scalable and fully coupled, multiphysics computations. The ANSYS Workbench platform provides their customers with access to a uniquely broad portfolio of simulation technologies packaged into a user-friendly interface that is the envy of the industry. I expect that the combination of Workbench and LS-DYNA will expand our user base by at least an order of magnitude. Here at LSTC, nothing makes all of us happier than when our research enables more customers to imagine, design and implement ambitious projects that were previously impossible."

The transaction is expected to close in the fourth quarter of 2019, subject to the satisfaction of customary closing conditions and regulatory clearance. ANSYS management will provide further details regarding the transaction and its impact on the 2019 financial outlook after the closing. ANSYS expects that the transaction will add $60 million to $65 million of non-GAAP revenue to its 2020 results and will be neutral to modestly accretive to non-GAAP operating margins and diluted earnings per share. Non-GAAP projections exclude the effects of acquisition adjustments to deferred revenue, stock-based compensation, amortization of acquired intangible assets and transaction costs related to the acquisition.
Source: Ansys

Back to Table of contents

Primeur weekly 2019-09-16

Focus

France is preparing to host an EuroHPC exascale system in 2022/2023 ...

Crowd computing

Purdue's nanoHUB@Home project lets anyone contribute to cutting-edge nanotechnology research - no PhD required ...

Quantum computing

ABN AMRO and QuSoft partnership to explore the power of quantum software ...

Q-CTRL leaps into the global top-10 of quantum start-ups ...

Quantum computers by AQT and University of Innsbruck leverage Cirq for quantum algorithm development ...

IBM and Fraunhofer join forces on Quantum Computing Initiative for Germany ...

Focus on Europe

GENCI to deploy new strategic plan 2019-2023 ...

IBM and SKODA AUTO University collaborate on new digital skills for students ...

Middleware

ORNL staff to highlight OpenACC's role in HPC at Annual Meeting ...

Hardware

Panasas High-performance data storage supports environmentally responsible energy exploration at Magseis Fairfield ...

Supermicro expands high-performance SuperWorkstation system portfolio with launch of new solution ...

National Science Foundation $1,4 million grant will help develop cyberinfrastructure across Midwest ...

Applications

Brain-inspired computing could tackle big problems in a small way ...

From the subatomic to the intergalactic: scientists gather in Leicester to share supercomputer results ...

Artificial intelligence helps to predict hybrid nanoparticle structures ...

Computer simulations predicted structure of gold cluster that chops carbon dioxide ...

Forging new frontiers in AI education: Diercks Hall opens at Milwaukee School of Engineering ...

AI to help drive engine efficiencies on the road ...

ANSYS and LS-DYNA creator Livermore Software Technology Corporation sign definitive acquisition agreement ...

New computing education group joins TACC ...

GPUs power GE code at OLCF hackathons ...

The Cloud

Mellanox to ship record of more than one million ConnectX adapters in Q3 2019 ...

SUSE enhances delivery of modern containerized and Cloud native applications ...

Univa expands Navops launch multi-Cloud automation to the Slurm community ...

Univa unveils Navops Launch 2.0 ...