Msc.Software (NYSE:MNS)
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MSC.Software Announces Availability of MSC.MasterKey Licensing
System for University Customers
VPD Licensing System Gives Engineering Faculty and Students Around the World
Unmatched Software Functionality and Flexibility
SANTA ANA, Calif., July 13 /PRNewswire-FirstCall/ -- MSC.Software Corp.
(NYSE:MNS), the leading global provider of virtual product development (VPD)
software and services, today announced that the MSC.MasterKey Licensing system
has been made available to universities around the world. The MasterKey
Licensing System gives engineering departments the ability to take advantage of
the breadth and depth of MSC.Software's portfolio of simulation tools within a
flexible licensing system, allowing faculty and students to use the same
MSC.Software simulation tools used in industry wherever and whenever they need
them.
"We have very strong working relationships with universities around the world
and we know that three things drive their use of VPD technologies," said Frank
Perna, chairman and CEO of MSC.Software. "First, they need professional
products at educational prices. Second they need tools to solve a wide range
of problems -- from classroom demonstrations and homework to cutting-edge
research. Third, they need to prepare their students for professional careers.
The MSC.MasterKey System satisfies all three of these requirements."
"Our university customers parallel our industrial customers in that many use a
select group of our technologies but few are utilizing the entire depth and
breadth of our portfolio. This gives us a unique opportunity to grow revenue
by increasing our penetration within accounts where we can build upon our
existing relationships to help grow usage of all of our products. We have a
superior technology offering and the most cost-effective licensing system to
offer university customers and we are confident that this will help us increase
our penetration within our university accounts," concluded Perna.
Today, engineering departments at universities around the world purchase
individual software technologies from disparate vendors based upon their
classroom curriculum and faculty-led research projects. This requires faculty
and university officials to make independent purchasing decisions without
taking advantage of both product interoperability and economies of scale.
The MasterKey licensing system gives students and faculty the ability to access
the entire depth and breadth of the MSC.Software product portfolio from a
single flexible, extensible license. This eliminates the need for engineering
departments, faculty and students to manage multiple licensing agreements with
multiple vendors while simultaneously giving access to the entire range of
tools they need to solve complex engineering problems.
Today, MSC.Software has more than 10,000 educational customers and in the last
year, more than 300 corporations have chosen to use MSC.MasterKey's token-based
system to manage their VPD software usage. For more information about the
MSC.MasterKey licensing System, please visit
http://www.mscsoftware.com/products/products_detail.cfm?PI=556&S=91.
About MSC.Software Corporation
MSC.Software (NYSE:MNS) is the leading global provider of 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 23 countries. For
additional information about MSC.Software's products and services, please visit
http://www.mscsoftware.com/.
DATASOURCE: MSC.Software Corporation
CONTACT: Press, Todd Evans, Media Relations, +1-714-445-3066,
, or Investors, Joanne Keates, Director of Investor
Relations, +1-323-259-4263, , both of MSC.Software
Web site: http://www.mscsoftware.com/