MSC.Software Acquires Assets of SOFY Technologies Corporation
February 24 2004 - 9:01AM
PR Newswire (US)
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/
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