SpaceClaim Named "Cool Vendor" by Leading Analyst Firm

CONCORD, MA -- (MARKET WIRE) -- Apr 29, 2010 -- SpaceClaim, provider of industry-leading 3D Direct Modeling solutions that enable engineers to create, edit, and modify 3D models rapidly and easily, today announced that it has been included in the list of "Cool Vendors" in the "Cool Vendors in Product Design and Life Cycle Management, 2010(i)" report by Gartner, Inc. The report, written by Marc Halpern, identifies vendors who are innovative, impactful, and intriguing.

According to the Gartner, Inc. report, "This year's Cool Vendors in product design and lifecycle management prove that innovative vendors in seemingly mature markets or in niche markets can innovate in ways that create impressive value and potential for rapid growth."

SpaceClaim's 3D Direct Modeling solutions, which saw sales growth of 253% in 2009, are being leveraged for concept modeling, CAE model preparation, and manufacturing in industries including automotive, aerospace, defense, consumer goods and robotics as engineers work towards the goal of simulation-driven product development.

"We welcome the acknowledgement by Gartner as a Cool Vendor, especially as this recognition comes from one of the most well-regarded analyst firms," said Chris Randles, President and CEO, SpaceClaim. "Our 3D Direct Modeling products are meeting the demands of engineers and product designers to create concepts easily, and to be able to edit and modify quickly models from other 2D and 3D CAD products. We've reduced time-to-market and enabled our customers to win more business by improving design, simulation and model preparation processes."

The report is now posted on the Gartner website and is available to Gartner clients only.

About Gartner's Cool Vendors Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About SpaceClaim Corporation
SpaceClaim enables global engineering and manufacturing organizations to leverage 3D design to innovate, win more business, quickly prepare models for analysis, and get products to market faster. Engineers can rapidly create new designs as well as edit and simplify 2D and 3D CAD data, regardless of origin and without the complexity of traditional CAD. Customers include Nokia Siemens Networks, BorgWarner, Medtronic, Lotus Cars, Sharp, K2 Medical Systems, FuelCell Energy, Emhart Glass, GE Aviation, General Dynamics, and the U.S Navy. SpaceClaim is privately held and backed by Borealis Ventures, Kodiak Venture Partners, and North Bridge Venture Partners. For more information on SpaceClaim, please visit: www.spaceclaim.com.

SpaceClaim is a registered trademark of SpaceClaim Corporation. All other names mentioned herein are either trademarks or registered trademarks of their respective owners.

(i) Gartner "Cool Vendors in Product Design and Life Cycle Management, 2010" by Marc Halpern, April 30, 2010.

Contact:
Ben Sharbaugh 
CHEN PR 
(781) 672-3117 

Email Contact

Bernie Buelow
SpaceClaim Corporation 
(978) 482-2211
 
Email Contact  





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