In what may be its last full quarter as a stand-alone company, Ansoft Corp. announced profits of $8.5 million for its fourth quarter, an increase of 7.5 percent from last year's $7.9 million. Earnings per diluted share were 34 cents, versus 30 cents a year go.

For the year, the Station Square-based software developer had net income of $24.1 million, up 19 percent from the previous year's $20.2 million.

The company, founded in 1984, has agreed to be acquired by Canonsburg-based simulation software maker Ansys Inc. in a deal valued at $832 million. The combined company will have 1,700 employees and revenues of $485 million. The sale is expected to close by June 30.

Ansoft stockholders would receive half of the $832 million in cash; in addition, each share of Ansoft will be swapped for approximately 0.43 of a share of Ansys.