Engineering simulation software vendor ANSYS announced May 1 that it has acquired all the assets of DfR Solutions, which specializes in applying reliability physics analysis to electronic technologies and providing quality, reliability, and durability research and consulting to the electronics industry. DfR is the developer of Sherlock, which ANSYS describes as the industry's only automated design reliability analysis software.
Terms of the deal were not disclosed.
Beltsville, MD-based DfR Solutions' customers span a range of electronic technology markets and industries, including avionics and aerospace, automotive, consumer electronics, industrial, medical, defense, and telecommunications.
"As electronics proliferates in nearly every industry, electronics reliability becomes a key challenge, requiring companies to perform analysis earlier in the design cycles," said ANSYS vice president and general manager Shane Emswiler in the company's press release. "This acquisition will give customers the ability to push electronics reliability analysis earlier in their design cycles—saving significant costs on testing and accelerating product design."
"We're incredibly excited to become part of the ANSYS family," added DfR Solutions CEO Craig Hillman. "ANSYS and DfR Solutions share a vision of democratizing the process of electronics design by bringing powerful, analytical tools to every engineer involved in electronic hardware. ANSYS brings industry-leading electronic simulation capabilities while DfR's Sherlock extends the value of simulation by clearly quantifying the real-world cost of design and material selection decisions. This acquisition brings the entire design workflow, from functional block to change management, to the customers of both organizations."
ANSYS 2019 first quarter financials
Also on May 1, ANSYS announced its fiscal performance for the first quarter of 2019. The results were highlighted by total Q1 GAAP sales of of $317.1 million, up approximately 12% year-over-year, and up 15% in constant currency. GAAP total profit of $86.2 million increased approximately 2%, while profit margin was 30.2%.