Published: July 08, 2008
ANSYS Added to Russell 1000 Index
SOUTHPOINTE, Pa., July 8 /PRNewswire-FirstCall/ -- ANSYS, Inc.
(Nasdaq: ANSS), a global innovator of simulation software and technologies
designed to optimize product development processes, today announced that it
has been listed on this year'sRussell 1000(R) stock index. ANSYS was one of
six companies in the technology sector added to the prestigious large-cap
index on June 30.
Tacoma, Washington-based Russell Investments realigns itsRussell 3000(R)
Index once per year, tracking what it says is 99 percent of the U.S. equity
market. That index is then broken down to 26 smaller indexes, including the
widely watchedRussell 1000 Index of large-capitalization stocks and the
Russell 2000(R) Index of small capitalization stocks. ANSYS had been listed on
theRussell 2000 since 2001.
TheRussell 1000 Index includes approximately 1,000 of the largest
securities based on a combination of their market cap and current index
membership -- representing approximately 92 percent of the U.S. market. It is
constructed to provide a comprehensive and unbiased barometer for the
large-cap segment and is completely reconstituted annually to ensure new and
growing equities are reflected.Russell indexes are widely used by investment
managers and institutional investors for index funds and as benchmarks for
both passive and active investment strategies. An industry-leading $4.4
trillion in assets currently are benchmarked to them. These investment tools
originated fromRussell's multi-manager investment business in the early 1980s
when the company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
"TheRussell 1000 Index is one of a number of recent milestones that
validate our long-term strategy and commitment to building shareholder value,"
said Jim Cashman, president and CEO, ANSYS, Inc. " We have focused an
incredible amount of energy and resources into building a solid business
model, which has enabled ANSYS to weather many ups and downs over the years.
Our long-term dedication to the democratization of engineering simulation has
resulted in consistent technology leadership, consistent growth and
profitability, and a broad and diversified global presence. In fact, today 97
of the top 100 industrial companies on the FORTUNE Global 500 list are now
using software from ANSYS to propel their product development cycles and drive
innovation within their own teams."
Earlier in 2008, ANSYS was added to the Cleantech Group's Cleantech
Index(TM) (Amex: ^CTIUS), which is the first and only stock market index
intended to reflect the surging global demand for clean technology products
and services. By tracking the market performance of the leading publicly
traded cleantech companies, CTIUS is the industry standard index, offering an
easy, cost-effective, and liquid means for investors and licensees, including
the PowerShares Cleantech Portfolio (Amex: PZD), to access the broad cleantech
investment category. ANSYS was chosen for its strong growth potential,
technology, impact, sector representation, and leadership.
About Russell Investments
Russell Investments aims to improve financial security for people by
providing strategic advice, world-class implementation, state-of-the-art
performance benchmarks, and a range of institutional-quality investment
products. With more than $213 billion in assets under management,Russell
serves individual, institutional and advisor clients in more than 40
countries.Russell provides access to some of the world's best money managers.
It helps investors put this access to work in corporate defined benefit and
defined contribution plans, and in the life savings of individual investors.
Headquartered inTacoma, Wash.,Russell has principal offices inAmsterdam,
Auckland,Hong Kong,Johannesburg,London,Melbourne,New York,Paris,San
Francisco,Seoul,Singapore,Sydney,Tokyo andToronto.
For more information onRussell indexes, go to www.russell.com.
About the Cleantech Group, LLC
The Cleantech Group pioneered the cleantech investment category in 2002.
Today, it accelerates the development and market adoption of clean
technologies globally through membership in the largest global network of
investors and companies, representing more than $3 trillion in assets. Member
investors, growth companies/vendors, enterprises, service providers, and
others receive access to capital, investment opportunities, market leading
research and data, insight, sales opportunities, human capital, and
promotional opportunities. The Cleantech Group also produces the premier
Cleantech Forum events worldwide. Details at: http://www.cleantech.com.
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering
simulation software and technologies widely used by engineers and designers
across a broad spectrum of industries. The Company focuses on the development
of open and flexible solutions that enable users to analyze designs directly
on the desktop, providing a common platform for fast, efficient and
cost-conscious product development, from design concept to final-stage testing
and validation. The Company and its global network of channel partners provide
sales, support and training for customers. Headquartered inCanonsburg,
Pennsylvania, U.S.A., with more than 40 strategic sales locations throughout
the world, ANSYS, Inc. and its subsidiaries employ approximately 1,400 people
and distribute ANSYS products through a network of channel partners in over 40
countries. Visit www.ansys.com for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc.
brand, product, service and feature names, logos and slogans are registered
trademarks or trademarks of ANSYS, Inc. or its subsidiaries inthe United
States or other countries. All other brand, product, service and feature names
or trademarks are the property of their respective owners.
SOURCE ANSYS, Inc.
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