Mathsoft

MathSoft was founded in 1984 by Allen Razdow and David Blohm to provide students, teachers, and professionals with math programs. The company became famous thanks to the development of the Mathcad program, a powerful application for solving and visualizing mathematical problems. The company also created StudyWorks , a series of mathematical and scientific educational packages designed to educate schoolchildren and students in relevant mathematical disciplines.

Mathsoft
Type of	Innovative company
Base	1984
Location	Cambridge, Massachusetts ( United Kingdom , Germany , Japan )
Key figures	Allen Razow, David Blom
Industry	Computer software
Products	Mathcad Studyworks
Net profit	$ 20 million
Number of employees	130
Site	www.mathsoft.com

Mathsoft Engineering and Education, Inc. , the company that sells these software products was a division of MathSoft. In 2001, MathSoft sold its Engineering and Educational Products divisions to separate managers as independent private companies. One of MathSoft's former divisions, FreeScholarships.com, was closed, and MathSoft renamed it Insightful. Insightful develops custom math software for businesses and sells StatServer, a statistical analysis software package. Mathsoft Engineering & Education continues to develop and market its flagship product, Mathcad, as well as the Mathcad Calculation Server, an enterprise server for the separation of technical computing.

Mathsoft Engineering & Education, Inc. promotes the term calculation management , which includes the development, documentation and management of technical computing and intellectual property.

In April 2006, Mathsoft was acquired by Parametric Technology Corporation for $ 62 million. At that time, the company had an annual income of $ 20 million and 130 employees in seven countries, including the UK, Germany and Japan. ^[one]