Msc.Software (NYSE:MNS)
Historical Stock Chart
From Jun 2019 to Jun 2024
MSC.Software's MSC.MasterKey License System Gets Expanded
Investment From John Deere
World's Leading Manufacturer of Agricultural and Forestry Equipment Expands Use
of MSC.Software's Virtual Product Development Products
SANTA ANA, Calif., Dec. 14 /PRNewswire-FirstCall/ -- MSC.Software Corp.
(NYSE:MNS), the leading global provider of virtual product development (VPD)
tools including simulation software and services, today announced that Deere &
Company, the world's leading manufacturer of agricultural and forestry
equipment, has increased its investment in the MSC.MasterKey Licensing System.
The MSC.MasterKey Licensing System is a renewable token-based model, enabling
customers to access MSC.Software's complete portfolio of simulation tools from
a single, flexible license. Included in this industry-leading portfolio are
versatile analysis tools such as MSC.Nastran, MSC.Marc, and MSC.ADAMS;
specialized analysis tools such as MSC.Dytran; modeling systems such as
MSC.Patran; industry-specific tools such as ADAMS/Car; and many others.
"We have designed the MSC.MasterKey Licensing System to give our strategic
customers like John Deere the ability to quickly and easily utilize our entire
software product portfolio and add tokens as usage demands," said Frank Perna,
chairman and CEO of MSC.Software. "We are seeing a great response from both
our strategic customers who are converting their existing licensing options to
MasterKey and from our SMB customers who are adopting a token system for the
first time. We are committed to continuing to enhance the MasterKey system and
give our customers the depth and breadth of the product portfolio under one
easy licensing system."
The MSC.MasterKey Licensing System, which allows the purchase of a pool of
tokens that can be utilized with the full range of software products available
from MSC, is attractive to customers like Deere. "The flexibility of the MSC
system is what makes John Deere's software investment both more versatile and
cost effective to us," said Ken Basken, IT Team Leader, Deere & Company.
About MSC.Software Corporation
MSC.Software (NYSE:MNS) is the leading global provider of virtual product
development 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 23 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 Investors, Joanne Keates, Director of Investor
Relations, +1-323-259-4263, , both of
MSC.Software
Web site: http://www.mscsoftware.com/