Msc.Software (NYSE:MNS)
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MSC.Software Acquires Assets of SOFY Technologies Corporation
SANTA ANA, Calif., Feb. 24 /PRNewswire-FirstCall/ -- MSC.Software Corp. , the
leading global provider of virtual product development (VPD) products including
simulation software and services, today announced the acquisition of the assets
of SOFY Technologies Corporation (SOFY). The acquisition of SOFY's assets
includes all intellectual property and personnel related to the development and
implementation of the SOFY, RADE, VRADE and SPRINT product lines. Terms of the
acquisition were not disclosed.
"SOFY's process automation technology and market knowledge are a perfect
complement to MSC.Software's product portfolio, especially as it relates to our
process automation and optimization software and services," said Frank Perna,
chairman and chief executive officer of MSC.Software. "Our customers rely on us
to deliver integrated VPD environments that capture and re-use knowledge,
decrease risk, and improve product quality and performance and the addition of
the SOFY products and expertise further strengthens our ability to satisfy these
demands."
"Manufacturing companies are starting to take advantage of the growing
capabilities in process optimization and design optimization (PIDO), recognizing
significant savings in product development costs and speeding time to market,"
said Monica Schnitger, Senior VP, Market Analysis, Daratech Inc. "In fact, PIDO
is one of the fastest-growing sectors of the CAE market. The tighter
integration of SOFY technology with the MSC.Software VPD product line will
result in even better tools to create and execute analytical processes in an
interactive, user-friendly environment."
SOFY's process automation tools, CAE modeling tools and professional services
expertise meet the unique needs of automotive body structure modeling for noise,
vibration and harshness (NVH), durability, crash, and safety. These tools
substantially leverage MSC.Software's strong computational simulation software
such as MSC.Nastran, MSC.Marc, MSC.ADAMS, and MSC.Dytran/LS-DYNA. Additionally,
SOFY's process automation tools and implementation expertise are a natural fit
with MSC's Simulation Data Management (SDM) framework and the capabilities of
the MSC.Software Professional Services Team.
For more information on SOFY, please visit http://www.sofy.com/ .
About MSC.Software Corporation
MSC.Software (NYSE:MNS) is the leading global provider of virtual product
development (VPD) products, including simulation software and services, that
helps companies make money, save time and reduce costs associated with designing
and testing manufactured products. MSC.Software works with thousands of
companies in hundreds of industries to develop better products faster by
utilizing information technology, software, services and systems. MSC.Software
employs more than 1400 people in 22 countries. For additional information about
MSC.Software's products and services, please visit http://www.mscsoftware.com/ .
DATASOURCE:MSC.Software Corp.
CONTACT: Todd Evans, Media Relations, +1-714-445-3066,
, or Joanne Keates, Director of Investor Relations,
+1-323-259-4263, , both of MSC.Software Corp.
Web site: http://www.sofy.com/
Web site: http://www.mscsoftware.com/