SANTA ANA, Calif., Sept. 23, 2009 (GLOBE NEWSWIRE) -- MSC.Software Corporation (Nasdaq:MSCS), a leading global provider of simulation software and services, announced today the postponement of the special meeting of stockholders originally scheduled for September 30, 2009. The purpose of the special meeting is, among other things, to consider and vote on a proposal to adopt the Agreement and Plan of Merger among MSC, Maximus Holdings Inc., a wholly-owned subsidiary of Symphony Technology Group ("Symphony"), and Maximus Inc. (the "Symphony Agreement").

As previously announced, on September 21, 2009, the MSC Board of Directors received an offer to acquire MSC for $8.30 per share in cash by private equity firms (the "New Offer"), which the MSC Board determined to be a Superior Proposal (as defined in the Symphony Agreement). MSC provided notice on September 21, 2009 to Symphony of the MSC Board's determination that the New Offer constitutes a Superior Proposal and of its intention to terminate the Symphony Agreement and enter into a binding written definitive agreement concerning the New Offer after the expiration of the five business day notice period ending Monday, September 28, 2009 specified in the Symphony Agreement. Under the Symphony Agreement, Symphony has the right to make a responsive offer prior to the expiration of such five business day-period, and 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 New Offer continues to be a Superior Proposal in light of any responsive offer.

MSC will announce a new meeting date once the transaction terms are finalized and revised documentation is executed.

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.