Company: SNPS
Filing Date: 2025-01-06
Form Type: 425
Source: 0001140361-25-000350
Chunk: 0

Company: SYNOPSYS INC
Filing Date: 2025-01-06
Form: 425
Chunk 0
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Filed by Synopsys, Inc. pursuant to Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934, as amended Subject Company: ANSYS, Inc. (Commission File No. 333-277912) Date: January 6, 2025

Ansys and Synopsys Announce Agreement with Keysight Technologies for Sale of Ansys PowerArtist / Key Highlights

| • | Ansys PowerArtist is a comprehensive register-transfer-level (RTL) design-for-power platform used for early-stage power analysis and reduction of semiconductor designs, across a wide range of end industry 
 applications.                                                                                                                                                                                                |

| • | The tool will complement and broadenKeysight’s existing design engineering software portfolio. |

| • | The transaction is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys' proposed acquisition of Ansys, which is currently pending regulatory 
 approvals and expected to close in the first half of 2025.                                                                                                                                                |

PITTSBURGH, PA, AND SUNNYVALE, CA, January 6, 2025 – Ansys (NASDAQ:ANSS ) andSynopsys (NASDAQ: SNPS) todayannounced that Ansys has entered into a definitive agreement for the sale of its PowerArtist™ business to Keysight Technologies, Inc. (NYSE: KEYS), a global leader in design and simulation software for semiconductors, electronics and high-performance systems . The transaction is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys' proposed acquisition of Ansys, which is pending regulatory approvals and expected to close in the first half of 2025. Ansys and Synopsys determined that the sale of PowerArtist was necessary to obtain regulatory approval for Synopsys' proposed acquisition of Ansys. PowerArtist is a comprehensive RTL design-for-power platform used by semiconductor companies for early-stage power analysis, profiling and reduction. Compared to traditional gate-level methodologies, PowerArtist provides rapid turnaround on multimillion instance designs—enabling power-related design decisions at an earlier stage of the design process. “ We are proud of the role PowerArtist has played to advance low power innovation across semiconductor design applications,” said John Lee, vice president and general manager, electronics semiconductor and optics business unit at Ansys. “PowerArtist will continue to flourish as part of Keysight’s portfolio as a leading, independent RTL power product