SANTA ANA, Calif., Sept. 17, 2009 (GLOBE NEWSWIRE) -- MSC.Software Corporation (Nasdaq:MSCS), a leading global provider of simulation software and services, announced today that, on September 16, 2009, the MSC Board of Directors received a revised offer from an affiliate of Symphony Technology Group ("Symphony") to acquire all of the issued and outstanding common shares of MSC for $8.15 per share in cash, subject to certain terms and conditions (the "Symphony Revised Offer").

As previously announced, on July 7, 2009, MSC entered into an Agreement and Plan of Merger among MSC, Maximus Holdings Inc., a wholly-owned subsidiary of Symphony, and Maximus Inc. (the "Symphony Agreement") under which Symphony agreed to acquire MSC for $7.63 per share in cash. On September 14, 2009, the MSC Board received an offer from third-party private equity firms to acquire all of the issued and outstanding common shares of MSC at $8.15 per share in cash, subject to certain terms and conditions (the "Third-Party Offer") and determined that the Third-Party Offer constituted a "Superior Proposal" as defined under the Symphony Agreement.

In response to the Third-Party Offer, on September 16, 2009, Symphony made the Symphony Revised Offer. Pursuant to the Symphony Agreement, MSC may terminate the Symphony Agreement only if the MSC Board of Directors determines in good faith, after consultation with its financial advisors and outside legal counsel, that the Third-Party Offer continues to be a Superior Proposal in light of the Symphony Revised Offer.

The MSC Board of Directors, in consultation with its financial advisors and outside legal counsel, is carefully considering the Symphony Revised Offer and the Third-Party Offer.

About MSC.Software Corporation

MSC.Software Corporation (Nasdaq:MSCS) is a global leader of simulation solutions that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC employs more than 1000 people around the world. For additional information about MSC's products and services, please visit www.mscsoftware.com.

Important Information For Investors And Stockholders

MSC.Software Corporation has filed a proxy statement with the SEC in connection with the merger relating to the Symphony Agreement. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION.