Allen Razdow Joins MathSoft to Lead Strategic Planning Initiatives

Inventor of Mathcad to Drive Product Planning, Management and Marketing

CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 25, 2002--MathSoft Engineering & Education, Inc., the leading provider of interactive math, science, engineering and educational software products and content, today announced that Allen Razdow has joined the company as senior vice president of strategic planning. In this role, Razdow will be responsible for product planning, product management and product marketing. MathSoft Engineering & Education, Inc. is a privately held company formed in January, 2001, through the management buyout of the Cambridge-based division of MathSoft, Inc., now known as Insightful Corporation.

Razdow has two decades of experience in Boston as an entrepreneur, inventor and technology leader. He was the technical founder of the original MathSoft in 1985 and inventor of its patented technology for interactive mathematics. This core technology represents the foundation of Mathcad®, the industry standard solution for applying mathematics, and StudyWorks!®, the leading math and science educational software line for children in grades 6-12. Razdow, who holds an undergraduate degree in Plasma Physics from the Massachusetts Institute of Technology, also serves on the board of directors of the company.

As chairman of MathSoft, Razdow led the company's successful IPO in 1993 with co-founder David Blohm. He also held the positions of CEO and CTO at MathSoft, Inc., before leaving to become president and CEO of Torrent, a company that pioneered the application of parallel computing to large commercial data processing problems. Razdow was also co-founder, chairman and CTO of Acallto, Inc., which provides technology that lets Web sites serve telephone contact with people in the enterprise.

"Allen has a track record as a technology leader and entrepreneur," said Chris Randles, chairman and CEO of MathSoft. "He has seen companies through every stage of evolution and helped them leverage technological advantages into large-scale growth. Allen's business acumen and his technical experience make him ideally suited to help shape the future of MathSoft's product lines and, as a result, the future of software solutions for engineering and eLearning."

"Advances in software and Web capabilities have changed the markets for engineering design and eLearning," said Allen Razdow. "Our products have an ever-increasing role in uniting engineering teams and students and teachers in collaborative technology environments. Going forward, my mission is to help find new ways that our technology and know-how can move the engineering and technical education markets forward."

About MathSoft Engineering & Education, Inc.

MathSoft Engineering & Education, Inc. is the leading provider of interactive math, science, engineering and educational software products and content. The company's Mathcad and StudyWorks product lines use patented technology to combine rich, interactive content with powerful tools for learning, communicating and applying mathematics in real-world technical applications. Mathcad, the internationally recognized standard for technical calculation and applying mathematics, is deployed at 90% of the Fortune 1000 companies, over 500 government installations, and more than 2,000 colleges and universities. StudyWorks, a market leader with over one million licensees, enhances the teaching and learning of math and science online and in secondary education, helping students explore and understand key subjects. Based in Cambridge, Mass., MathSoft Engineering & Education, Inc. has additional offices in the U.K. and Germany and distributors in over 50 countries. The company can be found on the Web at www.mathsoft.com.

Mathcad and StudyWorks are registered trademarks of MathSoft Engineering & Education, Inc. All other names or marks may be registered trademarks or trademarks of their respective owners.


Contact:
     MathSoft Engineering & Education, Inc.
     Bernie Buelow
     (617) 440-8040
     
Email Contact
         or
     Schwartz Communications, Inc.
     Siobhan Gallagher/David Bowker
     (781) 684-0770
     
Email Contact



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