Accelrys and Formation Systems Announce Strategic Distribution Agreement
San Diego and Southborough, MA, July 15 2003
Accelrys Inc., a wholly owned subsidiary of Pharmacopeia, Inc. (NASDAQ: PCOP), and Formation Systems, Inc. today announced a global distribution and co-marketing agreement. The agreement brings together Accelrys’ solutions for early-stage research and development with Formation’s product development software, enhancing efficiency in the product development process from inception through to marketing. The combined solution assists formula-based manufacturers in industries such as chemicals, cosmetics and personal care, food and beverage, and pharmaceuticals.
Accelrys is one of the leading developers of informatics and modeling software to support formulations design and high throughput experimentation in the design of novel chemicals and materials. Formation’s Optiva software is an award-winning software solution that improves the product development process, helps companies reduce time to market and ensures product consistency globally. Under the terms of the agreement, Accelrys will license Optiva, providing its customers with solutions that span the entire research and development process.
“This agreement demonstrates our commitment to bringing our scientific informatics and modeling expertise to new markets, delivering solutions that expedite R&D and deliver measurable business value,” said Mark Emkjer, president of Accelrys. “We can now offer our collective customer base a comprehensive solution for managing formula-based products through the entire product lifecycle. There’s no doubt we’ve chosen the best partner to help us satisfy our customers’ needs in this emerging area.”
“Accelrys has a proven track record in scientific software applications, and their simulation and informatics products are being used by some of the most innovative companies in the world,” said Dan Keelan, president and CEO of Formation Systems. “By combining Accelrys’ superior modeling capabilities with Formation Systems’ expertise in formula-based product development, and leveraging Accelrys’ worldwide sales force, we expect to deliver an unprecedented solution for companies in the process industries.”
Alliance Highlights
The agreement covers marketing, sales, and service.
About Optiva
Formation’s Optiva is an integrated software solution for collaborative product development. The software coordinates all phases of the product management, development and commercialization process. Optiva is targeted to various departments including R&D, sales and marketing, sourcing, package development, testing groups, regulatory, quality assurance, technical services, plant chemists and process engineering.
About Formation Systems
Formation Systems develops Optiva, a suite of product development software for process industries. Their mission is to ensure a company’s best ideas become the world’s greatest products. Formation customers include large global Fortune 500 companies such as The Coca-Cola Company, GE Plastics, Akzo Nobel, Kerry Group plc, Golden State Foods, Parfums Christian Dior, Yves Rocher, RPM and The Valspar Corporation. Formation’s software offers customers high return, low risk and quick time to benefit. Founded in 1995, Formation Systems is privately held and headquartered in Southborough, Massachusetts. For more information visit the corporate web site at http://www.formationsystems.com.
About Accelrys
Accelrys is a leading provider of software for computation, simulation, and the management and mining of scientific data used by biologists, chemists, and materials scientists for product design, drug discovery, and development. Accelrys’ technology and services are designed to meet the needs of today’s leading research organizations. The company has two main centers of excellence, which are located in San Diego, and Cambridge, UK. These centers combine research and development with facilities to support significant collaborative projects. Accelrys is a subsidiary of Pharmacopeia, Inc. (NASDAQ: PCOP). More information on Accelrys can be found at http://www.accelrys.com
