latest news releases from the newsroom
SoundBite Communications, Inc.
SoundBite Introduces Making Home Affordable Accelerator Solution for Mortgage Servicers
BEDFORD, Mass., Sept. 9, 2009 (GLOBE NEWSWIRE) -- SoundBite Communications, Inc. (Nasdaq:SDBT) today introduced a new proactive customer communications solution for mortgage servicers participating in the Making Home Affordable (MHA) loan modification program. The federal program is part of the Obama Administration's comprehensive plan to stabilize the U.S. housing market. SoundBite's MHA Accelerator solution quickly advances the loan modification process and ensures on-time trial payments, resulting in lower operating costs and an increase in the number of loan modifications started.
MSC Software Receives Additional Acquisition Proposal
SANTA ANA, Calif., Sept. 9, 2009 (GLOBE NEWSWIRE) -- MSC.Software Corporation (Nasdaq:MSCS), a leading global provider of simulation software and services, announced today that on September 8, 2009, the MSC Board of Directors received an offer from a private equity firm to acquire all of the issued and outstanding common shares of MSC at $8.00 per share in cash (the "New Offer"), subject to certain terms and conditions. After reviewing the New Offer, the MSC Board determined that the New Offer constituted a "Superior Proposal" as defined under the Agreement and Plan of Merger among MSC, Maximus Holdings Inc., a wholly-owned subsidiary of Symphony Technology Group ("Symphony"), and Maximus Inc. dated as of July 7, 2009 (the "Symphony Agreement"). Under the Symphony Agreement, Symphony agreed to acquire all of the issued and outstanding shares of MSC at $7.63 per share in cash.
Competitive Technologies, Inc.
Competitive Technologies Announces Joint Venture to Develop Sexual Dysfunction and Obesity Technology With XION Corporation
FAIRFIELD, Conn., Sept. 9, 2009 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (NYSE Amex:CTT) announced today that it has entered into a joint venture with XION Corporation for the research, development and commercialization of its patented melanocortin analogue compounds which have shown promise in treating sexual dysfunction and obesity. Ownership in the joint venture will be divided equally between CTT and XION. Peptide analogues of alpha-MSH (alpha-melanocyte-stimulating hormone), were invented by a team of researchers at CTT's client, the University of Arizona.
DemandTec Announces Date of Second Quarter Fiscal Year 2010 Financial Results Release and Conference Call
SAN CARLOS, Calif., Sept. 9, 2009 (GLOBE NEWSWIRE) -- DemandTec, Inc. (Nasdaq:DMAN), a leading provider of on-demand optimization solutions for retailers and consumer products manufacturers, today announced that it plans to report its financial results for its fiscal year 2010 second quarter, which ended August 31, 2009, after the U.S. financial markets close on Thursday, October 1, 2009. The company will host a public conference call and live webcast to discuss its financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that same day.
Magma Design Automation
Magma Camelot CAD Navigation Software Adopted by Analytical Solutions for Failure Analysis
SAN JOSE, Calif., Sept. 9, 2009 (GLOBE NEWSWIRE) -- Magma(r) Design Automation (Nasdaq:LAVA), a provider of chip design software, today announced that Analytical Solutions, a leading parts and failure analysis laboratory service provider, has adopted the Camelot CAD Navigation software to enhance its failure analysis, construction analysis and destructive physical analysis capabilities. Analytical Solutions selected the Magma software after results of an extensive evaluation demonstrated Camelot's ability to rapidly convert layout, netlist and design files into a common format for cross mapping circuits. Leveraging Camelot's capabilities, Analytical Solutions will be able to accelerate root cause failure analysis of its customers' electrical and electronic components.
Ultimate Sports, Inc.
Ultimate Sports, Inc. Attends Nelson's Sno-Motion Festival
LAFAYETTE, Ind., Sept. 9, 2009 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, announced today that USI attended the Nelson's Sno-Motion Festival in Greenville, Michigan on the 28th and 29th of August. The festival is presented by Nelson's Speed Shop, one of USI's largest snowmobile products dealers.
American Software, Inc.
Cache Chooses NGC for PLM and Global Sourcing
MIAMI, Sept. 9, 2009 (GLOBE NEWSWIRE) -- NGC(r) (New Generation Computing(r)) today announced that Cache, a nationwide specialty retailer of sophisticated women's sportswear and dresses, has selected NGC's e-PLM(r) and e-SPS(r) software. Cache will implement NGC's PLM and global sourcing solution as its strategic platform to improve speed to market, collaboration and efficiency throughout the retailer's product development and production process.