Ansys Sells PowerArtist Business to Keysight

Ansys Inc. has announced the sale of its PowerArtist business to Keysight Technologies, a move deemed necessary to facilitate regulatory approval for Synopsys' proposed acquisition of Ansys, expected to finalize in early 2025. PowerArtist is an advanced RTL design-for-power platform utilized by semiconductor companies for early-stage power analysis and reduction, allowing for quicker design decisions compared to traditional methods. The transaction is contingent upon customary closing conditions and regulatory review. Keysight aims to enhance its design engineering software portfolio with the addition of PowerArtist, which will continue to operate independently within Keysight's offerings. The specific terms of the sale were not disclosed, and Ansys emphasizes that the deal will not significantly impact its financials. Ansys is committed to ensuring a smooth transition for customers and the PowerArtist team during this process.