Status of MSC / Patran
Status of MSC / Patran
(OP)
Anyone know anything more about the acquisition of MSC Nastran by some venture capitalists and what the fall-out may be with regards to future development?
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS Come Join Us!Are you an
Engineering professional? Join Eng-Tips Forums!
*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail. Posting GuidelinesJobs |
|
RE: Status of MSC / Patran
Isn't MSC.Nastran owned MSC.Software and therefore "owned" on the NASDAQ stock exchange?
Regards
Thomas
RE: Status of MSC / Patran
SANTA ANA, Calif. - July 7, 2009 - MSC.Software (Nasdaq: MSCS), a leading global provider of simulation software and services, today announced that it has entered into a definitive agreement with affiliates of Symphony Technology Group (STG) under which a company controlled by STG will acquire all of MSC's outstanding shares in a one-step cash merger transaction valued at approximately $360 million. Under the terms of the agreement, MSC's stockholders will receive $7.63 in cash for each share of MSC common stock. This price per share represents approximately a 13% premium to the closing price per share of MSC's stock prior to this announcement and approximately a 24% premium compared to the 90 trading-day trailing closing average price per share.
RE: Status of MSC / Patran
I have also heard that the new CEO had adopted a "back to basics" policy, increasing support for "core" products like Patran. Where does this leave SimXpert (the Patran replacement) and all the other Sim stuff? , which is heavily featured on their website, but I don't know of a single user!
If I was cynical, I would guess that STG will milk the cash-cow of the large number of Patran/Nastran users for their license fees and quit development of the new stuff. If true this could make STG a substantial sum for some years until the user base declined to a level at which it becomes too uneconomic to continue..... just speculation!
www.Roshaz.com
RE: Status of MSC / Patran
To answer my own question: Yep, I missed it completely.
As for what it means, I don't know. Venture capitalists usually don't think long term. I can only hope that it works out for all the MSC.Nastran users out there.
Regards
Thomas
RE: Status of MSC / Patran
Personally I have never trusted these integrated products, while it might seem a great idea to lock your customers into a web of interlocked products, neither FEA or MBD can really be automated enough that models can be rerun without a human powered rebuild.
So what I'd like to see MSC do is make Patran usable, and continue to develop the other vertically integrated products. Simwossisname works for demos, not for real projects. (signed bitter and twisted IDEAS sufferer - I've seen it sold into two different companies as this thing where all the CAE would update after a model revision at the press of a button, what a joke).
Cheers
Greg Locock
SIG:Please see FAQ731-376: Eng-Tips.com Forum Policies for tips on how to make the best use of Eng-Tips.
RE: Status of MSC / Patran
That's more or less what MSC did to Patran once they bought out PDA in the early 90's.
STG could start out by removing a load of the buggy and pointless functionality which in recent years has replaced a lot of stuff which was never broken in the first place. The new contouring stuff was clearly written by a complete ****wit!
gwolf
RE: Status of MSC / Patran
http://www
www.Roshaz.com
RE: Status of MSC / Patran
http://w
Check out videos of the blade in action, very impressive.
Mind you, when I was demo'd SimExpert it wasn't well enough developed for my application.