ANSYS Receives SEC Clearance For Ansoft Acquisition

ANSYS, Inc. and Ansoft Corp. announced that the Securities and Exchange Commission (SEC) has concluded its review of the Registration Statement on Form S-4 in connection with ANSYS’ acquisition of Ansoft. An amended Form S-4 was filed and became effective on June 20, 2008. A special meeting of the Ansoft stockholders to approve the transaction has been set for July 23, 2008.

As previously announced, ANSYS and Ansoft have entered into a definitive merger agreement in which ANSYS will acquire Ansoft for a purchase price of approximately $832 million in a mix of cash and ANSYS common stock based on the 10-day trailing average closing price of ANSYS common stock prior to announcement of the transaction on March 31, 2008.