On Tuesday, Synopsys agreed to pay $35 billion for Ansys, which produces software for simulating and analyzing product designs for various industries. This follows a recent $14 billion deal by Hewlett Packard Enterprise to buy Juniper Networks, showcasing changing times in the tech sector.
Sassine Ghazi, CEO of Synopsys, expressed the need for faster software to simulate the interactions of multiple components in systems. “The worlds of semiconductor design and physical simulation and analysis must come together,” he stated.
Synopsys’ closest rival, Cadence Design Systems, was also reportedly interested in acquiring Ansys. However, Synopsys confirmed that the deal would accelerate revenue growth and contribute to higher earnings.
The deal is expected to close in the first half of 2025.