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Old   February 16, 2006, 08:30
Default ANSYS-Fluent
  #1
Ben
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It looks like ansys have bought fluent, personally I think it is likely to be the begining of the end for CFX. And with the market share that the company will have it will certainly make things interesting in the competition stakes!
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Old   February 16, 2006, 08:46
Default Re: ANSYS-Fluent
  #2
steve
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I don't believe it. Where is the announcement? There is nothing on the web I could find.
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Old   February 16, 2006, 08:48
Default Re: ANSYS-Fluent
  #3
Ben
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An e-mail was sent out to all fluent customers, so unless it is a very well planned and researched wind up......
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Old   February 16, 2006, 08:49
Default Re: ANSYS-Fluent
  #4
Sandip N. Jadhav
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Sound to be bit overpriced deal.

Enojy, Sandip

www.sandipjadhav.co.in

Check more detail on: http://news.google.com/news?l=en&q=f...ys&sa=N&tab=wn

http://news.moneycentral.msn.com/pro...216&ID=5511977

Cashman further commented, "We have grown our business substantially over the past few years and plan to continue to invest in the future of the Company. Over the course of 2006, we will strive to strengthen our leadership presence in the engineering simulation arena by providing our customers with the world's most advanced simulation capabilities. I firmly believe that our proposed acquisition of Fluent, a global provider of CAE simulation software, which we announced this morning, is a further demonstration of our commitment to being the leader in driving innovative engineering simulation solutions. This acquisition marks another important milestone in our long-term strategy." In closing, Cashman added, "We are very excited about our future prospects and look forward to the many challenges ahead at ANSYS. We remain committed to maintain our usual diligence and focus on our singular long-term vision of providing increasingly powerful simulation technology and making it more accessible to a broader range of users. We believe our unique balance of technology leadership, global and diversified presence, solid business model and commitment to our vision positions us as a company for continued growth." The adjusted results highlighted above, and the adjusted estimates for 2006 discussed below, represent non-GAAP (Generally Accepted Accounting Principles) financial measures. A reconciliation of these measures to the appropriate GAAP measures, for the three months and twelve months ended December 31, is included in the condensed financial information included in this release.

Adjustments to Reported GAAP Financial Results - Acquisition-Related Amortization: As previously disclosed, the Company completed its acquisitions of Century Dynamics, Inc. and the assets of Harvard Thermal, Inc. in 2005. In previous years, the Company also acquired other businesses. These acquisitions have all been accounted for as purchases, resulting in the recording of a significant amount of identifiable intangible assets. ANSYS is providing, and has historically provided, its current quarter GAAP results as well as financial results that have been adjusted for the impact of acquisition-related amortization. The Company believes that these non-GAAP measures supplement its consolidated GAAP financial statements as they provide a consistent basis for comparison between reporting periods that are not influenced by certain non-cash items and are, therefore, useful to investors in helping them to better understand the Company's operating results. In certain instances, such as when intangibles are acquired through business acquisitions or become fully amortized, amortization expense associated with acquired intangibles also makes period-to-period comparisons difficult because amortization expense may appear in one period but not in the comparable period. Management uses these non-GAAP financial measures internally to evaluate the Company's business performance; however, these measures are not intended to supersede or replace the GAAP results. Business Highlights - Advances in Global Innovative Engineering Simulation Strategy - February 2006 - Announced a definitive agreement to acquire Fluent, Inc., a global provider of computer-aided engineering simulation software, in a stock and cash transaction valued at approximately $565 million based on the $44.11 pr share closing price of ANSYS common stock on February 15, 2006. Under the terms of the agreement, ANSYS will issue six million shares of its common stock and pay approximately $300 million of net cash to acquire Fluent, subject to certain adjustments at closing. After closing, ANSYS expects the planned acquisition to be immediately accretive to earnings, excluding acquisition-related costs, amortization of intangibles, the impact of deferred revenue purchase accounting treatment and expensing of stock options. The Company will use a combination of existing cash and proceeds from approximately $200 million of committed bank financing to fund the transaction.

- October 2005 - Acquired substantially all of the assets of Harvard Thermal, Inc., a leader in thermal analysis software tools. The acquisition expands the Company's product offerings and allows it to deliver a more complete and comprehensive solution to its customers. Management's Financial Outlook The Company has provided its 2006 revenue and earnings per share guidance below. The earnings per share guidance is provided on both a GAAP basis and an adjusted basis. Adjusted earnings per share excludes acquisition-related amortization and the effects of stock-based compensation.

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Old   February 16, 2006, 08:54
Default Re: ANSYS-Fluent - more details
  #5
Sandip N. Jadhav
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more info from net.

Regards, Sandip

www.sandipjadhav.co.in

---------------- Aavid Thermal Technologies, Inc. (the "Company"), aleading developer of computational fluid dynamics ("CFD") software andprovider of thermal management solutions for electronics, todayannounced that it has signed a definitive agreement to be acquired byANSYS, Inc. ("Ansys"; Nasdaq: ANSS), a global innovator of simulationsoftware and technologies designed to optimize product developmentprocesses. Prior to the closing of the transaction, the Company'sthermal management solutions business ("Aavid Thermalloy") will bespun-off to the Company's stockholders, including Willis Stein &Partners ("Willis Stein"), a leading Chicago-based private investmentfirm and the Company's controlling stockholder. Aavid Thermalloy willcontinue operating as a standalone business. Under the terms of the definitive agreement, Ansys will issue6,000,000 shares of its common stock and pay approximately $300million, net cash, to the stockholders of the Company and certain ofits affiliates, subject to certain adjustments at closing. Thetransaction is valued at approximately $565 million based on the$44.11 per share closing price of Ansys common stock on February 15,2006. Ansys will use a combination of existing cash and approximately$200 million from committed bank financing to fund the transaction,including repayment and redemption at closing of the Company'soutstanding senior and subordinated debt.

The operating business to be acquired by Ansys is comprised ofFluent, Inc. and its subsidiaries (collectively, "Fluent"), a globalsupplier of CFD software technologies and services. Fluent's offeringsenable engineers and designers to simulate fluid flow, heat and masstransfer, and related phenomena involving turbulent, reacting, andmultiphase flow and are used by blue chip companies, small andmedium-sized enterprises and academic institutions around the world.CFD simulation technology is used in almost every industry sector andmanufactured product. CFD technology represents the fastest growingapplication in the Computer Aided Engineering (CAE) industry, with an18% growth rate estimated through 2009 as forecasted by Daratech, Inc.

Following the contemplated spin-off of Aavid Thermalloy, WillisStein and co-investors will continue to own Aavid Thermalloy on astandalone basis. Aavid Thermalloy is a global provider of thermalmanagement solutions that dissipate unwanted heat from microprocessorsand industrial electronics worldwide, including heat sinks, interfacematerials and attachment accessories, heat spreaders and liquidcooling and phase change devices that are configured to meetcustomer-specific needs. Aavid Thermalloy has an establishedreputation for high product quality, service excellence andengineering innovation.

Dr. Bharatan Patel, Chief Executive Officer of the Company and thefounder of Fluent, will continue leading and overseeing AavidThermalloy while working closely with Ansys to provide strategicguidance. Dr. Patel commented, "This transaction brings togetherFluent's and Ansys's software products and services to yield one ofthe most robust, independent engineering simulation software offeringsin the industry. The combination of Fluent's extensive portfolio ofCFD solutions and Ansys's broad range of simulation capabilitiesshould create a "best of breed" company that will be a leader in theinnovation of engineering simulation technology and provideworld-class service and support to customers."

Dr. Patel continued, "As we look to the future, Aavid Thermalloywill concentrate its efforts on thermal management innovations to helpour customers meet the challenges they face in developing nextgeneration electronics products. We lead the industry in newdevelopment, time to market and customer service, and we are confidentin our ability to execute on our growth plans for Aavid Thermalloy."

"Both Fluent and Ansys have a strong commitment to customers andinnovation, and we believe this transaction provides a terrificopportunity for the combined company to play a leading role indeveloping and delivering advanced engineering simulationtechnologies," said Daniel H. Blumenthal, a Managing Partner of WillisStein. "In addition, with this transaction, Aavid Thermalloy will nowbe entirely focused on thermal management products, an industry withgood prospects for growth. We're looking forward to continuing to workclosely with Bart Patel as Aavid Thermalloy expands into new marketsand broadens its product offerings."

Upon the closing of the transaction, Mr. Blumenthal will join theAnsys board of directors, and Dr. Patel will work closely with Ansys'sboard of directors and President and CEO to provide his expertise andknowledge. Additionally, Dr. Ferit Boysan, Fluent's President, willjoin Ansys as General Manager, Fluids Business Unit, reportingdirectly to Ansys's President and CEO.

Both companies' boards of directors have approved the transaction.Subject to customary closing conditions and the expiration ortermination of the waiting period under the Hart-Scott-Rodino Act, thetransaction is anticipated to close early in the second quarter of2006.

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Old   February 16, 2006, 08:54
Default Re: ANSYS-Fluent
  #6
Renato.
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Well, I think Ansys has been trying to absorb as many competitors as possible in order to have most of the CFD market for his own suite (Flotran+CFX and Fluent - if Ansys really bought Fluent). Ansys has been growing surprisingly and building a kind of simulation monopoly.

Regards

Renato.
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Old   February 16, 2006, 09:14
Default Re: ANSYS-Fluent
  #7
Ben
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http://www.corporate-ir.net/ireye/ir...item_id=817798

thats a fairly hefty bit of shopping!
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Old   February 16, 2006, 12:24
Default Re: ANSYS-Fluent
  #8
Ford Prefect
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""We are very excited about the industry leading technologies that Fluent adds to ANSYS' simulation capabilities," said James Cashman, President and CEO of ANSYS."

Cashman..... Irony?
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Old   February 16, 2006, 12:37
Default Re: ANSYS-Fluent
  #9
Ben
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lol
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Old   February 16, 2006, 13:49
Default Re: ANSYS-Fluent
  #10
Neale
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End of CFX? I guess that assumes that all current models and capabilities in CFX can be reimplemented in Fluent (not practially feasible) and that all current CFX clients can use Fluent for their analysis instead (also not practically possible).

The two codes are close enough in capability that if anything it will be the other way around. Fluent is old solver technology with good marketing.

What I see happening is useful missing models in Fluent being reimplemented in the CFX solver and aggresively sold and marketed by the Fluent machine....

Neale

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Old   February 16, 2006, 16:04
Default Re: ANSYS-Fluent
  #11
John
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I really love CFX people: keep up the good spirit.

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Old   February 16, 2006, 16:06
Default Re: ANSYS-Fluent
  #12
Ben
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Does a vivid imagination come with the CFX basic training then?
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Old   February 16, 2006, 20:51
Default Re: ANSYS-Fluent
  #13
diaw (Des Aubery)
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Usually, when products run out of innovation, they become commodities to be traded &/or swallowed-up by corporate acquisition. It is a matter of survival.

One gets the feeling that many of the current crop of solvers are a little long-in-the-tooth, anyway. Perhaps the writing is on the wall with the emergence of open-source solvers?
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Old   February 17, 2006, 01:55
Default Re: ANSYS-Fluent
  #14
Joe
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Opensource-Solutions for CFD? There usabilitiy will never be good enough. That was also one reason for success of FLUENT against CFX. CFX is simply to complicated for many users while models in FLUENT can be switched on with one button.
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Old   February 17, 2006, 04:44
Default Re: ANSYS-Fluent
  #15
Ben
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I doubt open source is the way, but your right there seems to be a drive to using new solvers and new solver technology (STAR-CCM+ being the obvious example)
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Old   February 17, 2006, 05:29
Default Re: ANSYS-Fluent
  #16
Stuart
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Whats New about Star ??? Don't tell me that Polyhedral solver is new !!
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Old   February 17, 2006, 05:39
Default Re: ANSYS-Fluent
  #17
Ben
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admitidly STAR-CD is a bit long in the tooth but STAR-CCM+ is a brand new code (well about 2 years old at least)
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Old   February 17, 2006, 06:06
Default Re: ANSYS-Fluent
  #18
Stuart
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May be a new front end but is the solver any different ? Is the the vaunted Poylhedral revolusion that innovative ?? I'm no expert, but seams Star are trying to accomplish what CFX had to go through a few painful years back. May be this is the natural evolution of a code. Does that mean that Fluent would have been next ?
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Old   February 17, 2006, 06:19
Default Re: ANSYS-Fluent
  #19
Ben
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the whole code is completely new written from scratch, solver, frontend everything, if CDA are to be believed the polyhedral methodology is very fast to run and converge and the memory usage is lower, personally I havent run anything big enough on it yet to tell but from what I have seen it is very very good and (a new one for STAR products) really easy to use.

Should be interesting though, with the uncertainty that is bound to be caused from the fluent/cfx merger thing, CDA and people like blue ridge could really take advantage of the situation and steal a fairly hefty client base (if they play it right that is)
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Old   February 17, 2006, 09:41
Default Re: ANSYS-Fluent
  #20
Stuart
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Yes a couple of people are speculating on the oportunity this may present for the other CFD players. Oh to have a crystal ball !
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