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MathSoft, Inc., 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 consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...
, 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 and 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 company was a pioneer in parametric, associative feature-based, solid com ...
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 lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...
and
Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...
.PTC buys Mathsoft for $63m : April 2006


References


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