PITTSBURGH, June 15, 2017 /PRNewswire/ -- S&P Dow Jones Indices will add ANSYS to the S&P 500 Index on June 19, 2017. Reflecting its growth and importance in the market place with a market capitalization greater than $10 billion, ANSYS will represent the large-cap market space on the GICS (Global Industry Classification Standard) Application Software Sub-Industry index.
Cutting-edge companies around the world rely on ANSYS engineering simulation software to solve some of the toughest design challenges to create smart, innovative products. As the physical and digital worlds merge, fueling an unprecedented pace of product innovation, companies must accelerate and transform how their products are developed, manufactured and brought to market. Engineering simulation software plays a critical and unique role in the product development process, enabling companies to rapidly deploy the best solution while avoiding costly product missteps and time delays.
"We are honored to join the ranks of America's leading companies on the S&P 500," said Ajei Gopal, ANSYS president and CEO. "Joining the index is a testament to our history of creating long-term stockholder value, as well as our ongoing commitment to driving growth and strong demand for ANSYS' product portfolio."
The S&P 500 is widely regarded as the best single gauge of large-cap U.S. equities. The index includes 500 leading companies and captures approximately 80 percent coverage of available market capitalization.
About ANSYS, Inc.
If you've ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge, or put on wearable technology, chances are you've used a product where ANSYS software played a critical role in its creation. ANSYS is the global leader in engineering simulation. We help the world's most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, ANSYS employs thousands of professionals, many of whom are expert M.S. and Ph.D.-level engineers in finite element analysis, computational fluid dynamics, electronics, semiconductors, embedded software and design optimization. Headquartered south of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 75 strategic sales locations throughout the world with a network of channel partners in 40+ countries. Visit www.ansys.com for more information.
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SOURCE ANSYS, Inc.