Company: SNPS
Filing Date: 2025-03-03
Form Type: 424B5
Source: 0001140361-25-006661
Chunk: 14

Company: SYNOPSYS INC
Filing Date: 2025-03-03
Form: 424B5
Chunk 14
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| • | enabling fusion of multi-physics analysis into digital design flows; |

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TABLE OF CONTENTS

| • | combining highly complementary businesses with significant expansion opportunities, allowing development of joint solutions in new areas; |

| • | building upon the successful partnership between Synopsys and Ansys dating back to 2017; |

| • | meaningfully expanding the combined company’s total addressable market (“TAM”) by approximately 1.5x to $31 billion in 2023, based on Company estimates; |

| • | increasing the combined company’s strong financial position and outlook; |

| • | generating substantial and sustained free cash flow for the combined company, which will enable de-leveraging over time; |

| • | expectation of significant cost and revenue synergies within the next few years; and |

| • | delivering greater opportunities for employee development. |

We developed our estimates of our expected TAM, after giving effect to the Ansys Merger, by first estimating the TAM for our EDA and IP products, drawing upon data from third-party reports where available. Third-party data for certain of our products, such as our systems software and our Silicon Lifecycle Management products, was not available, and we developed management estimates in those instances. We then estimated the TAM for the simulation and analysis market in which Ansys competes, drawing upon data from third-party reports where available. Our estimated TAM is based on available information, could change over time and should not be viewed as a projection of the size of the markets in which we compete for any future period. Additional Information on Ansys Ansys, a Delaware corporation formed in 1994, develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, material and chemicals, consumer products, healthcare and construction. Ansys focuses on the development of open and flexible solutions that enable users to analyze designs on-premises and/or via the cloud, providing a common platform for fast, efficient and cost-conscious product development, from design concept to final-stage testing, validation and deployment. Ansys distributes its suite of simulation technologies through direct sales offices in strategic, global locations and a global network of independent resellers and distributors (collectively, channel partners). Ansys reported $2.5 billion of revenue for the year ended December 31, 2024, with 30% of revenue attributable to semiconduct