New relationship provides Altair PBS Professional(TM) workload management solution within Accelrys Materials Studio(R)
TROY, Mich., Nov. 15 /PRNewswire/ -- Altair Engineering, Inc., a global leader in innovative product development, advanced engineering software and grid computing technology, announced today a cooperative business arrangement with Accelrys, Inc. (NASDAQ:ACCL), a leading provider of computational software and services for scientific researchers. Under the arrangement, Accelrys and Altair have developed an interface that allows Accelrys' Material Studio(R) software to operate with Altair's PBS Professional(TM) software.
Accelrys will include a free trial license of PBS Professional with its Materials Studio software on a limited-time basis, and the companies have developed a special promotional pricing program. Materials Studio is a suite of integrated materials simulation software for use in research and development in the materials, chemical, pharmaceutical and biotechnology industries. Both software programs run on Windows, Linux and UNIX platforms. The promotional pricing offer, which represents a significant discount off standard U.S. list pricing, will be in effect for a limited time beginning in December 2005, and may be extended if response is favorable.
"Accelrys is the key ISV [independent software vendor] in the materials sciences sector, and we are pleased to enter into this business arrangement with them," said Michael Humphrey, vice president of Altair Engineering's Enterprise Computing business unit. "I am confident that Accelrys customers will see that this integrated combination provides a compelling value proposition." PBS Professional is an open workload management solution for grid computing environments, Linux clusters, and distributed servers and workstations. The software optimizes the utilization of computing resources by intelligently scheduling and managing computational workload in a number of industries, including manufacturing, energy, financial, government research, weather forecasting, life and materials sciences, and digital media. By increasing the efficiency of the hardware and software resources, PBS Professional reduces total cost of ownership and provides true business value to grid computing customers.
"Integrating Altair's PBS Professional with Materials Studio allows us to provide a more complete solution to our customers," said Steve Levine, senior director of corporate development at Accelrys. "Workload management is an important component of our customers' HPC [high-performance computing] infrastructure. Providing an integrated, best-of-breed solution will better enable them reduce deployment times as well as administrative costs." About Altair Engineering Through product design consulting, advanced engineering software and high- performance computing (HPC) technologies, Altair Engineering increases innovation for clients around the globe. Founded in 1985 and privately held with offices throughout 12 countries, Altair's unparalleled knowledge and expertise in product development and manufacturing extend throughout North America, Europe and Asia. As the developer of Altair(R) HyperWorks(R) - The Engineering Framework for Product Design(TM), Altair is the leading provider of high-end, open CAE software solutions for modeling, visualization, optimization and process automation. The company's grid computing software, PBS Professional(TM), is a workload management solution for HPC environments, Linux clusters and desktop cycle harvesting that delivers an ROI within one year. For detailed information about Altair, visit http://www.altair.com/ .
About Accelrys, Inc.
Accelrys, Inc. (NASDAQ:ACCL) is a leading provider of software for computation, simulation, and the management and mining of scientific data used by biologists, chemists and materials scientists, including nanotechnology researchers, for product design as well as drug discovery and development. Accelrys' technology and services are designed to meet the needs of today's leading research organizations. The company is headquartered in San Diego, Calif. For more information about Accelrys, visit its website at http://www.accelrys.com/ .
This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). Such statements, including statements relating to the software discussed in this press release, are subject to risks and uncertainties including, but not limited to, the risks that the software will not achieve market acceptance, demand relating to such software, and other risks and uncertainties described in documents Accelrys has filed with the Securities and Exchange Commission, including its most recent report on Form 10-Q. All forward-looking statements in this document are qualified entirely by the cautionary statements included in this document and such filings. These risks and uncertainties could cause actual results to differ materially from results expressed or implied by forward-looking statements contained in this document. These forward-looking statements speak only as of the date of this document. Accelrys claims the protection of the safe harbor for forward-looking statements contained in the Act and, disclaims any intent or obligation to publicly update or revise any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. DATASOURCE: Altair Engineering, Inc.
CONTACT: Michael J. Kidder of Altair Engineering, Inc., +1-248-614-2400, ext. 269, ; or Colleen Kmiecik of Marx Layne & Co., +1-248-855-6777, Web site: http://www.altair.com/ http://www.accelrys.com/
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