The MathWorks Announces New Distributor in Israel

NATICK, Mass.--(EON:Enhanced Online News)--The MathWorks today announced it has established a new partnership with Systematics, Ltd. based in Tel-Aviv, Israel. Starting on January 1, 2007, Systematics will be responsible for product sales and services of The MathWorks MATLAB® and Simulink® product platforms in that region. Systematics will offer a wide range of sales, support and training for technical computing and Model-Based Design to Israel’s leading industries: aerospace and defense, communications, semiconductors, biotech and medical devices.

“The MathWorks partnership with Systematics will be essential in keeping pace with the growing adoption of technical computing and Model-Based Design throughout Israel, providing local engineers and scientists with easier access to services and support.”

“Systematics brings a wealth of experience and success in the sales and distribution of technical software,” said Jeanne O’Keefe, chief financial officer, The MathWorks. “The MathWorks partnership with Systematics will be essential in keeping pace with the growing adoption of technical computing and Model-Based Design throughout Israel, providing local engineers and scientists with easier access to services and support.”

Systematics, Ltd. is located at 4 Raoul Wallenberg Street, Tel-Aviv, Israel. For more information on Systematics, Ltd., please visit www.systematics.co.il.

About The MathWorks

The MathWorks is the world's leading developer of technical computing and Model-Based Design software for engineers and scientists in industry, government, and education. With an extensive product set based on MATLAB® and Simulink®, The MathWorks provides software and services to solve challenging problems and accelerate innovation in automotive, aerospace, communications, financial services, biotechnology, electronics, instrumentation, process, and other industries.

The MathWorks was founded in 1984 and employs more than 1,600 people worldwide, with headquarters in Natick, Massachusetts. For additional information, visit http://www.mathworks.com.

About Systematics, Ltd.

Systematics, Ltd. is the leading distributor and integrator of IT solutions in the Israeli market, with customers in varying sectors of the Israeli economy such as public, private, military and defense, manufacturing, education and finance. Systematics, Ltd. works with renowned international vendors to provide its customers with state-of-the-art solutions and assist them in harnessing these technologies to improve their productivity and competitiveness.

Systematics, Ltd. was founded in 1979 and employs more than 100 people at its office in Tel-Aviv, Israel. For more information, please www.systematics.co.il.

MATLAB, Simulink, Stateflow, Handle Graphics, Real-Time Workshop, and xPC TargetBox are registered trademarks and SimBiology, SimEvents, and SimHydraulics are trademarks of The MathWorks, Inc. Other product or brand names are trademarks or registered trademarks of their respective holders.

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