MSC.Software Enters Into Definitive Agreement For Sale Of PLM Business

SANTA ANA, Calif., March 31 /PRNewswire-FirstCall/ -- MSC.Software Corp. (OTC: MNSC), the leading global provider of enterprise simulation solutions including simulation software and services, today announced that it has sold its PLM product reseller and services business to TechniGraphics, Inc., a leading professional consulting and technical software reseller, based in Wooster, Ohio. The financial terms of the transaction are not being disclosed at this time.

"Upon the closing of this transaction, we will have successfully completed the divestitures of the non-strategic components of our business," said Bill Weyand, chairmen and CEO, MSC.Software. "The sale of our PLM business is the final step to improve our focus as an enterprise software company, while at the same time improve our business execution and positively impact our operating margins."

"With the acquisition of certain assets of MSC's PLM business, we have taken a very large step in our diversification strategy," said Dee Vaidya, President and CEO, TechniGraphics. "We will be able to respond to the demand for best-in-class PLM solutions and accelerate our expansion in the North American Engineering and Rapid Prototyping Services markets. We are pleased to be able to grow quickly in this segment."

About MSC.Software Corporation

MSC.Software (OTC: MNSC) is the leading global provider of virtual product development solutions, 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 1200 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.

About TechniGraphics

TechniGraphics is in the business of helping the world "visualize its business" by providing a full array of database services and software designed to make information visually accessible. With particular emphasis on Geospatial Intelligence Services (GIS), the company helps large organizations access powerful databases graphically. At TechniGraphics, we believe "Seeing is Understanding." For more information visit: www.tgstech.com.

The MSC.Software Corporate Logo, MSC, Adams, Dytran, Easy5, Marc, MD Nastran, MSC Nastran, Patran and Sofy 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.

    Media Contact:                          Investor Contact:
    Andrew Meyer                            Joanne Keates
    Vice President, Corporate Marketing     Vice President, Investor Relations
    MSC.Software                            MSC.Software
    (714) 444-5185                          (714) 444-8551
    
Email Contact            
Email Contact

CONTACT: Media, Andrew Meyer, Vice President, Corporate Marketing,
+1-714-444-5185, Email Contact, or Investors, Joanne Keates,
Vice President, Investor Relations, +1-714-444-8551,
Email Contact, both of MSC.Software Corp.

Web site: http://www.tgstech.com/
http://www.mscsoftware.com/




Review Article Be the first to review this article
HP

Autodesk - DelCAM

Featured Video
Jobs
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Lead Geospatial Analyst for Alion at McLean, VA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Upcoming Events
SOLIDWORKS 2017 Launch Event – Walsall at Village Hotel Club, Walsall, WS2 8TJ Walsall United Kingdom - Mar 30, 2017
PI APPAREL Hong Kong 2017 at SHANGRI-LA KOWLOON 64 Mody Road Tsim Sha Tsui East Kowloon Hong Kong - Apr 5 - 6, 2017
SOLIDWORKS intro and hands on session – Slough at Baylis House, Slough, Berkshire, SL1 3PB Slough United Kingdom - Apr 7, 2017
Engineer 3D! Training + Technology Conference at Hyatt Regency Milwaukee 333 West Kilbourn Avenue Milwaukee WI - Apr 25 - 26, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise