Press Release
MSC.Software Forms Independent Committee of the Board to Consider Letter from ValueAct Capital
SANTA ANA, Calif., - October 6, 2004 - MSC.Software Corp. (NYSE:MNS) today announced that its Board of Directors has formed a committee of the Board consisting solely of the independent directors, to consider the unsolicited letter from ValueAct Capital Partners, L.P. The company is retaining a financial advisor to assist the committee with respect to the unsolicited letter.
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 1300 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
| 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 |
