1 22 1 and H+ t II E H appen u t 10 n Sundry Photography The Synopsys Investment Thesis When I heard about the proposed merger of Synopsys Inc. (NASDAQ:SNPS) and Ansys Inc. (ANSS) , I was very interested as I consider both companies to be of high quality. Therefore, I wanted to see what upside potential I see over the next 5 years and what factors were likely to drive returns. And here I found the shortcoming of the high multiple, which together with the likely rising number of shares outstanding will defin ...