STI Acquires ROI EngineeringSTI TECHNOLOGIES, INC. (Rochester, NY) announced today that it has acquired a majority interest in ROI ENGINEERING (Toronto). Both companies are Channel Partner distributors of ANSYS, Inc. (Nasdaq: ANSS) a global innovator of simulation software and technologies designed to optimize product development processes. In addition, the companies provide engineering consulting and training in finite element analysis (FEA) techniques based on ANSYS software. Ken Lally, CEO of STI stated "The combination of engineering expert resources in these companies will allow us to further increase our value to customers with a broader range of engineering consulting services and greater application expertise to support the latest ANSYS product additions." Both operations will retain their local sales and engineering capabilities to provide the highest levels of customer sales, service, and support while leveraging the resources and capabilities of each other. In addition to those noted above, JLR-THE ENGINEERING SOLUTIONS COMPANY (Everett, WA and Denver, CO), OHIO COMPUTER AIDED ENGINEERING (Hudson, OH), and ADVANCED ENGINEERING TECHNOLOGIES (Atlanta, GA) are also a part of the STI Group, operating similar businesses based on ANSYS software.
Contact: Ken Lally