CIMdata PLM Industry Summary Online Archive

24 November 2009

Company News

VISTAGY Partners with Maxoft to Expand its Presence in the Growing Korean Composites Market

VISTAGY, Inc. announced a strategic partnership with Maxoft, Inc., a Korean-based supplier of virtual product development (VPD) software and services that is delivering composites solutions for the aerospace, wind, automotive and marine markets. The partnership will enable Maxoft to anchor its composites portfolio with FiberSIM® software and further extend VISTAGY's reach in this dynamic market.

VISTAGY has a successful history of working with the Korean aerospace industry. Recognizing the growth of composites in quickly expanding markets such as wind energy, VISTAGY plans to expand its operations in Korea. VISTAGY chose to partner with Maxoft because the company has a history of embracing new approaches and solutions and delivering them in a timely manner. As Korea's large and small organizations gravitate to lucrative emerging markets, they look to companies such as Maxoft and VISTAGY to stay ahead of the curve by helping them implement new processes and materials.

"The use of composite materials and need for specialized solutions to engineer products made of these materials are both expanding rapidly in Korea," said Sungha Oh, CEO of Maxoft. "The partnership with VISTAGY is therefore extremely important for us to deliver effective solutions to our prospects and customers. Because FiberSIM is the leading software for engineering composite products in the global aerospace, wind, marine and automotive industries, we are confident that we will be able to extend VISTAGY's leadership position in the Korean market."

"While opportunities in Korea continue to grow within existing industries, such as aerospace, the expansion into new markets, such as wind power, is exciting for us," said Mamoru Iguchi, general manager of VISTAGY for Asia Pacific. "Maxoft provides a strong technical presence for VISTAGY in Korea, which is absolutely critical for supporting our customers and ensuring their success."

Maxoft Business Contact in Korea

Name: Sanghee Lee

Title: Senior Sales manager

Telephone: 031-777-3341

E-mail: shlee@maxoft.net

About MAXOFT, Inc.

Maxoft, Inc., a Korea-based company, offers virtual product development (VPD) products. The company offers and supports applications utilizing network and server-based collaboration and conferencing software; consulting and integration services for design; analysis-oriented custom application development; and high performance computing (HPC) infrastructure deployment.

Maxoft has grown rapidly since it was founded. Now serving many large manufacturers, including such firms as Hyundai Motor Company, Korea Institute of Machinery and Materials, and Hyundai Heavy Industries, Maxoft's professionals apply technology to help these companies overcome their engineering and manufacturing challenges. Maxoft has extensive expertise in VPD software and engineering consulting, and works closely with MSC.Software Korea-one of the largest mechanical CAE vendors in Korea-and its customers. More information is available at http://www.maxoft.co.kr or postmaster@maxoft.co.kr.

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