Press Release
MSC.Software and INCAT Sign Global Partnership
SANTA ANA, Calif. - November 10, 2006 - MSC.Software, (NASDAQ: MSCS), the leading global provider of enterprise simulation solutions including simulation software and services, today announced an global partnership with INCAT, the world's leading independent provider of PLM services and solutions . This partnership expands on the success of the previous European partnership to include additional countries, beginning with the United States and marks the signing of the first North American partner in MSC.Software's channel program, MSC Impact.
INCAT's extensive manufacturing industry and PLM expertise make it an ideal partner for the promotion of MSC.Software's enterprise simulation solutions which are considered the industry standard in many manufacturing industries, including automotive and aerospace. INCAT will promote, deliver and support MSC.Software solutions beginning with SimDesigner, MSC Patran, MSC Nastran, Adams and Marc.
"We are pleased to partner with the leader in enterprise simulation to expand the success of our European partnership throughout the world," said Ulrich Herter, chief executive officer, INCAT. "Our mutual expertise serves as a natural, strategic complement that has already demonstrated success. We are committing significant sales, support and training resources to ensure the success of the relationship."
"INCAT's CAE expertise and global reach provide significant market opportunities via their channel coverage capabilities," said Bill Weyand, chief executive officer of MSC.Software. "As part of the strategic initiative we announced with MSC Impact, we will now be able to expand our reach both internationally and to a wider range of customers."
"Building a distribution, implementation and technical support channel for engineering software is one of the most difficult yet urgent challenges a software developer faces in today's market," said Charles Foundyller, president of Daratech. "Companies with proven software and a high level of market recognition get the best distributors. MSC's signing of INCAT is a coup of important dimensions for both MSC and its customers."
About SimDesigner
SimDesigner provides an intuitive, CAD-embedded simulation suite that enables design engineers and engineering teams to perform repeatable, fully-documented simulation studies much earlier in the design process. Product teams across the extended enterprise can now create and collaborate on product designs and performance simulations, allowing manufacturers to deliver higher quality, innovative new products in a shorter timeframe and for less cost. SimDesigner gives design engineers scaleable, easy-to-learn simulation tools within the CAD environment that increase first pass simulations, empower more what-if scenarios, and identify design flaws earlier.
About MSC Impact
MSC Impact offers a world-class program that is uniquely positioned to equip resellers and other channel players with critical skills and resources to rapidly market, sell, and support MSC solutions. Arming resellers with advanced MSC simulation technology to increase innovation, decrease development costs and compete more effectively.
About INCAT
INCAT is a Tata Technologies company. Founded in 1989, the Company is a leading independent international provider of engineering and design (E&D) services to the world's largest automotive, aerospace and durable goods manufacturers. INCAT is focused on services and solutions for Product Lifecycle Management (PLM) and Information Lifecycle Management (ILM), creating value for its clients through its unique-in-the-industry Global Delivery Model, its state-of-the-art technology and a pragmatic approach to engineering and manufacturing processes that reduces costs and time to market; and helps clients realize superior products.
INCAT is headquartered in the United States (Novi, Mich.) and Germany (Stuttgart). Tata Technologies is headquartered in Pune, India. INCAT has a combined global work force of more than 3,000 employees serving clients worldwide from facilities in North America, Europe and the Asia-Pacific region. www.incat.com
About MSC.Software Corporation
MSC.Software (NASDAQ: MSCS) is the global leader of enterprise simulation solutions, that help 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 1200 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
Safe Harbor Language
This press release contains forward-looking statements, including all statements relating to the features, benefits, capabilities and performance of MSC.Software products. These statements are subject to risks and uncertainties that could cause actual results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, changes in technology, the end-user computing and analysis environment, implementation and support that meet evolving customer requirements, general industry trends and the impact of competitive products.
Furthermore, information provided herein, which is not historical in nature, are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
The MSC.Software Corporate Logo, MSC, SimDesigner, MSC Patran, MSC Nastran, Adams and Marc are trademarks or registered trademarks of MSC.Software Corporation in the USA and/or other countries. NASTRAN is a registered trademark of NASA. All other trademarks belong to their respective owners.
| Contact: Jennifer Brannon Senior Manager, Public Relations MSC.Software (714) 445-3119 jennifer.brannon@mscsoftware.com |
Contact: Alissa Vasilevskis or Annie Klein Schwartz Communications 415-512-0770 mscsoftware@schwartz-pr.com |
