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5 Lesser-Known Tech Stock Gems

These stocks don't make big headlines, but they could make you a pretty penny nonetheless

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Founded in 1994, Ansys (ANSS) is a pioneer of the engineering simulation software market. The company’s technology has widespread adoption across industries like aerospace, automotive, manufacturing, electronics, biomedical, energy and defense.

Think of Ansys as computer-aided design (CAD) on steroids. The software allows for the creation of prototypes that account for real-world environments, heat transfer, fluid flow and electromagnetics. The result is faster time to market, as well as lower costs and improved customer experiences.

A key part of Ansys’ strategy has been partnerships. Over the years, it has struck agreements with companies like Autodesk (ADSK), Dassault, Agilent (A), Cadence Design Systems (CDNS) and Siemens (SI).

To pull this off, Ansys has benefited from a long history of investing heavily in research & development, with expenditures coming to around 16% of revenues.

For fiscal 2013, the company estimates a range of 11% to 14%, but the company could boost this even more if it continues pushing its M&A, which in the past has included deals for Apache Design and Esterel.

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