MathSoft was founded in 1984 by Allen Razdow and David Blohm to provide mathematical programs to students, teachers, and professionals. The company is best known for its Mathcad

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

, an application for solving and visualizing mathematical problems. The company also created the StudyWorks series of math and science education packages aimed at interactively teaching those subjects to middle school and high school students. Mathsoft Engineering and Education, Inc., the company that sells these products was one division of the former MathSoft. In 2001, MathSoft sold its Engineering & Education Products Division to the division managers as a privately held company. One of the former MathSoft divisions, FreeScholarships.com, was shut down, and MathSoft renamed itself ''Insightful''. Insightful develops custom math programs for businesses and also sells a data analysis package called StatServer. Mathsoft Engineering & Education continued to develop and sell its flagship Mathcad product as well as the Mathcad Calculation Server, an enterprise server for sharing technical calculations. Mathsoft Engineering & Education, Inc. promoted the term ''calculation management'' which included designing, documenting, and managing technical calculations and intellectual property. In April 2006, Mathsoft was acquired by

Parametric Technology Corporation PTC Inc. (formerly Parametric Technology Corporation) is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The global technology company has over 6,000 employees across 80 offices in ...

for $62 million. At the time it had an annual income of $20 million with 130 employees in seven countries, including the UK,

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

and

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

.PTC buys Mathsoft for $63m : April 2006

References

All of Mathcad
Software companies based in Massachusetts Software companies of the United States American companies established in 1984 1984 establishments in Massachusetts 2006 mergers and acquisitions {{US-software-company-stub