Press Release
MSC.Software and immixTechnology Partner to Deliver Virtual Product Development Technology and Services to Government Agencies
SANTA ANA, CA - November 18, 2003 - MSC.Software Corp. (NYSE: MNS), the leading global provider of virtual product development (VPD) products including simulation software and services, today announced a partnership with immixTechnology, Inc., a premier government business partner, to provide MSC.Software's VPD tools and services to the public sector. The partnership, which began in August 2003, has generated more than $400,000 in revenue related to sales of the MSC.Software VPD Campus Token Licensing System to government agencies and military development organizations.
"MSC.Software is committed to increasing our indirect channel-related revenue and growing our presence in the public sector," said Frank Perna, chairman and CEO of MSC.Software. "Our partnership with immixTechnology is a win-win-win for government customers, MSC.Software and immix. Government customers obtain significantly easier access to the industry's best Virtual Product Development software suite. MSC.Software improves its channel and coverage via immix's government business experience, reducing the time and cost involved in government contracting and administration. immixTechnology expands the offering of information technology they provide to the government to include engineering software products that government customers are increasingly demanding."
Art Richer, immixTechnology Vice President, relayed, "It a pleasure to be representing MSC.Software's product line to the public sector. MSC provides software tools that enable our government customers to better perform their functions in overseeing product development."
To more easily sell to government agencies and the public sector, companies should be included on the U.S. government General Service Administration (GSA) schedule, which streamlines the process for government agencies and programs to buy technology products and services. Via the partnership with immixTechnology, MSC.Software's products were placed on the U.S. government General Service Administration (GSA) schedule number GS-35F-0330J in August 2003.
About MSC.Software Corporation
MSC.Software (NYSE: MNS) is the leading global provider of simulation software and related 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 www.mscsoftware.com.
About immixTechnology, Inc.
immixTechnology is a government channel partner that manages the complexity of doing business in the public sector. By focusing our services on addressing the business requirements of technology manufacturers, we have become one of the fastest growing channel partners in the government market today. Our technology industry experience, government contracts expertise and unique client investment program creates a value proposition that resonates with leading enterprise technology companies as well as manufacturers that are new to the government market.
immixTechnology is a subsidiary of the immixGroup, Inc., a government business consulting firm. Recently ranked number two on Washington Technology's 2003 Fast 50 list of the fastest growing small businesses, immixGroup's revenue grew from $974,000 in 1998 to about $49.4 million in 2002, a growth rate of 166.8 percent. For additional information about immixGroup, please visit www.immixGroup.com.
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| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Catherine Meek Media Relations MSC.Software 714.445.5647 catherine.meek@mscsoftware.com |
