Cybernet Systems Co., Ltd to acquire Maplesoft in early September 2009

Waterloo, Canada : Maplesoft today announced that it has signed a definitive agreement to be acquired by Cybernet Systems Co., Ltd., a Tokyo-based major Japanese importer/distributor of CAE (computer aided engineering) software. By combining the skills of two leading-edge organizations, the intent is to drive further innovation in the development and promotion of advanced math and engineering software worldwide. The acquisition is expected to be completed at the beginning of September of this year.

Cybernet recognizes the potential of Maplesoft products, and supports Maplesoft’s efforts to be a leading provider of high-performance software tools for engineering, science, and mathematics. Cybernet worked with Maplesoft for many years as a highly successful reseller of Maplesoft products in Japan, substantially growing the math and engineering customer base in both the academic and professional markets.

“We at Cybernet Systems are confident that Maplesoft will bring to us world-class technology, expertise and know-how, combined with an expanding international client base in technical calculation and physical modeling,” says Kuniaki Tanaka, President of Cybernet Systems.

Maplesoft will continue to function as a separate entity and existing Maplesoft customers will experience no change in the way they interact with Maplesoft. Customer contacts for Sales, Support and Customer Service will remain the same and Maplesoft’s products and solutions will continue along a consistent development cycle, without interruption.

“I’m pleased with the ability this partnership gives us to further advance our products and solutions,” says Jim Cooper, Maplesoft President and CEO. “With long-term support and investment from Cybernet into further research and development for our products, I am excited about the possibilities that lie ahead as we continue to develop a state-of-the-art environment that will transform the way engineers, scientists, mathematicians, educators and students use technology.”