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It develops and markets engineering simulation software. Ansys software is used to design products and semiconductors, as well as to create simulations that test a product’s durability, temperature distribution, fluid movements, and electromagnetic properties. Ansys was founded in 1970 by John Swanson. Swanson sold his interest in the company to venture capitalists in 1993.
Ansys went public on NASDAQ in 1996. In the 2000s, Ansys made numerous acquisitions of other engineering design companies, acquiring additional technology for fluid dynamics, electronics design, and other physics analysis. The idea for Ansys was first conceived by John Swanson while working at the Westinghouse Astronuclear Laboratory in the 1960s. Westinghouse rejected Swanson’s idea to automate FEA by developing general purpose engineering software, so Swanson left the company in 1969 to develop the software on his own.
He founded Ansys under the name Swanson Analysis Systems Inc. Swanson developed the initial Ansys software on punch-cards and used a mainframe computer that was rented by the hour.