SOUTHPOINTE, PA-ANSYS Inc., maker of simulation software and technologies designed to optimize product development processes, has announced that it has been included on the Forbes Fast 15 list for the second consecutive year. ANSYS, the sole engineering simulation software provider on the list, was the only member from last year’s list that met this year’s screening criteria.

The Fast 15 is a formal compilation by Forbes of attractive companies with potential to become rapidly growing technology businesses in the future. Companies are ranked on three-year annualized sales gains, with at least a 10% gain in each of the past three years. Other criteria include profitability with sales of at least $25 million during the past 12 months and consensus profit forecasts of at least 10% annualized for the next three to five years.

“In today’s competitive marketplace, companies need our engineering simulation technology now more than ever,” says Jim Cashman, president and chief executive officer at ANSYS Inc. “Software from ANSYS helps organizations develop high-quality and innovative products, manufacture them for the lowest-possible cost, reduce expensive prototype testing, optimize processes, beat competitors to the global marketplace, and avoid expensive warranty costs. It is a critical investment that can quantifiably impact business results.”

The Forbes Fast 15 report can be found here.