Ansys (NASDAQ:ANSS) and Synopsys (NASDAQ:SNPS) on Monday announced that Ansys has entered into an agreement for the sale of its PowerArtist business to Keysight Technologies (KEYS). The transaction, which is currently pending regulatory approvals,

ANSYS, Inc. ANSS and Synopsys, Inc. SNPS have announced a definitive agreement to sell Ansys' PowerArtist business to Keysight Technologies, Inc. KEYS. The transaction is contingent upon standard closing conditions,

Ansys is to sell its PowerArtist EDA tool to Keysight Technologies as part of its $35bn merger with Synopsys. PowerArtist is a 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.

"Our acquisition of the RTL design-for-power solution from Ansys will further expand our portfolio of design engineering software solutions," said Niels Faché, vice president and general manager, Keysight Design Engineering Software. "We look forward to strengthening our offering in digital systems and welcoming the PowerArtist team to Keysight."

Ansys PowerArtist is a comprehensive register-transfer-level (RTL) design-for-power platform used for early-stage power analysis and reduction of semiconductor designs