Centric Software Acquires Product Sight's Product Data and Enterprise Search Technology; Industry-Unique Search Technology Further Extends Content Reach and Connectivity of Centric's OpenPLM Solutions.

SAN JOSE, Calif. -- Centric Software, Inc., the leading provider of OpenPLM(TM) for the extended enterprise, today announced that it has acquired substantially all of the assets of Product Sight Corporation of Bellevue, WA, a privately held developer of product data and enterprise search technology. Terms of the deal were not disclosed.

Centric will immediately integrate Product Sight's industry-unique and powerful data search technology into its existing product line to offer solutions that leverage existing product data and resolve immediate, high-value product development challenges common to all manufacturers. Centric InSight searches for information in multiple sources of product data content and other enterprise data and classifies the results presenting a unified view of information sources. Centric MultiSight BOM manages global part and BOM data from multiple sources delivering different BOM views to different teams in different locations, based on their role and function in the product development process.

"Searching for product data content that is in many formats, spread across many departments and locations, and based on many different systems of record wastes valuable time every day. Centric's acquisition of Product Sight is a positive move for both companies. The synergistic combination of comprehensive easy to use search and classification capabilities with their OpenPLM products allows Centric to substantially broaden their solution offerings. Centric's expanded suite of offerings can enable companies to more easily manage product and enterprise assets for more effective execution of programs and projects," said Ed Miller, president of the global consulting and research firm CIMdata.

Centric Software is now the only PLM vendor with the ability to search, classify and connect to multiple MCAD, EDA, CAE, PDM, ERP, SCM and document management systems for related pieces of product data. The combination of search, classification and connectivity provides distributed product and project teams with automatic extraction and aggregation of real-time product and operational data, presenting cross-disciplinary information that enables more informed decision making.

"This acquisition extends our OpenPLM content reach, further assisting our customers with the challenge of assimilating too much information from too many sources. Now with OpenPLM, customers can search for, mine and merge critical pieces of information and present the information in the context needed for truly informed decisions," said Chris Groves, chief executive officer of Centric Software. "Like our other solutions, our new data discovery and multi-BOM management solutions are highly configurable, implement easily, adapt to existing business processes and in-house systems, and are very easy to use, so our customers quickly achieve broad adoption and the business benefits they seek."

Centric InSight performs intelligent searches of structured or unstructured and unmanaged data including office documents, email messages, PLM, PDM, ERP systems, graphics and CAD files. Based on the levels of security already internal to each system, end users from the factory floor to executive offices can access and view information in its native format, plus organize and share it with selected project team members.

"We've used this specialized search technology for years as a core part of our facilities archive management. Its versatility allows a broad range of users from architects and engineers to university researchers and the public to quickly and easily access a broad range of relevant drawings and documentation using a web-browser. Given Centric's strength in information aggregation, I look forward to working with Centric to provide our perspective on the value of specialized search and on future directions for universities and industry," said Scott Shader, Director, Space Planning and Management at the University of Missouri - Columbia.

Centric's MultiSight BOM solution collects global part and BOM master data from multiple sources of interrelated product data and then maintains the data integrity for different BOMs used for different purposes, such as multiple manufacturing plants, test validation and differences between as-ordered and as-built states. Further, MultiSight BOM facilitates interchange and reuse of parts in multiple assemblies and product lines.

All Product Sight employees were offered and have accepted positions with Centric Software. They will continue to work from their Bellevue, WA facility.

About Centric Software, Inc.

Centric Software accelerates innovation and program execution through its industry-leading OpenPLM(TM) solutions. The OpenPLM federated systems solutions provide distributed enterprises with "out-of-the-box" data discovery and connectivity to major operational and product lifecycle management (PLM) systems. Global enterprises, such as Bristol-Myers Squibb, Hamilton Sundstrand, Siemens, SNC-Lavalin, Timex, Volvo, Iowa State University and others, use Centric's OpenPLM solutions to achieve top line revenue growth and direct cost reductions. Customers represent multiple industries, including aerospace, automotive, consumer goods, AEC/owner operator, life sciences, consumer electronics companies and universities.