Apache Design Solutions Acquired By ANSYS
San Jose-based Apache Design Solutions, a developer of electronics simulation software, has been acquired by ANSYS, a fellow simulation software developer, in a deal worth $310M in cash. Apache Design Solutions develops software used for designing power-efficient devices, including smartphones, tablet PCs, LCD televisions, laptops, and servers. Apache was backed by Intel Capital. The firm had filed for an IPO in February.
posted on Thursday, June 30, 2011
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