SpaceClaim Named in the "Cool Vendors in Product Design and Life Cycle Management, 2010(i)" report by Gartner

CONCORD, MA - SpaceClaim, provider of 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.