Current assets

EXHIBIT 10.14

October 20, 2006

Ansoft Corporation
225 West Station Square Drive
Suite 200
Pittsburgh, PA 15219

Attention: Shane Emswiler

Re: Renewal of Expiration Date for $30,000,000.00 Revolving Credit Facility Commitment

Dear Mr. Emswiler:

     Capitalized terms used herein shall have the meanings ascribed to them in the Loan Agreement (as hereinafter defined). We are pleased to inform you that your Revolving Credit Facility Commitment has been renewed. The Revolving Credit Facility Expiry Date, as set forth in that certain Loan Agreement dated October 21, 2004 (the “Loan Agreement”), has been extended from October 21, 2006 to October 21, 2007, effective on October 22, 2006. All other terms and conditions of the Loan Agreement, and all Loan Documents executed and delivered in connection therewith, remain in full force and effect.

     It has been a pleasure working with you and I look forward to a continued successful relationship. Thank you again for your business.

A member of The PNC Financial Services Group

One PNC Plaza 249 Fifth Avenue Pittsburgh Pennsylvania ###-###-####