Santa Ana-based MSC.Software Corp. said Wednesday it plans to sell its Japanese services unit to Information Services International-Dentsu Ltd.
The sale of MSC’s Estech Corp. unit to Information Services, a Japanese-based consulting and technology gear reseller, is set to close within a month.
Terms of the sale weren’t disclosed.
The pact calls for Information Services to boost the number of MSC products it sells in Japan. MSC makes simulation and design software.
“The sale of Estech is part of our previously announced plan to improve business execution on software license revenue while at the same time improving operating margins,” said Bill Weyand, MSC’s chairman and chief executive.
MSC’s shares have been trading on the low-profile over the counter exchange. The company has delayed filing restated financial reports for periods dating back to 2000 and is out of compliance with Nasdaq trading rules.
