UGS to Keep U.S. Corporate Headquarters in Dallas Area

FOR RELEASE Wednesday, June 8, 2004

PLANO, Texas – UGS, a leading global provider of product lifecycle management (PLM) software and services, today announced it will keep its U.S. corporate headquarters in the Dallas area. 

UGS announced on May 27 the closing of its acquisition by a private equity group of Bain Capital, Silver Lake Partners and Warburg Pincus.  The transaction represents the largest private equity investment ever made in a technology company.  The company also launched operations that day as an independent software business under a new corporate brand – UGS.

Most recently, UGS announced on Tuesday a definitive agreement to acquire D-Cubed, Ltd., a Cambridge, England-based supplier of embedded technology used by many of the world’s leading computer-aided design (CAD) application developers.

For its new headquarters, UGS has signed a lease on office space in the Granite Park office park at the intersection of Highway 121 and the Dallas North Tollway in Plano, Texas.  The company is currently based on the EDS campus in Plano, where an estimated 80 of its approximately 4,700 global employees work. 

UGS expects to complete its move to the new site during 2004.

UGS also today announced the additions of two senior leaders who will be based at its new headquarters site in Plano.

• Doug Barnett, senior vice president and Chief Financial Officer (CFO).  Barnett, who formerly served as CFO at Unigraphics Solutions, returns to the company from Colfax Corp., a leading marketing and world-class manufacturer of pumps and power transmission equipment, where he served as CFO.  In his new capacity, Barnett is responsible for all financial affairs of the company.

• Tom Lemberg, senior vice president and General Counsel.  Lemberg joins UGS from Digitas, LLC,a leading marketing services firm for which he served as executive vice president, general counsel and head of Strategic Partnerships.  He previously was general counsel of Lotus Development Corporation.  In addition, Lembergled the creation and growth of the Business Software Alliance, a Washington, D.C.-based organization responsible for the public policy and anti-piracy activities of the major companies in the software industry.  In his new capacity, Lembergis responsible for all legal affairs of the company. 

Barnett and Lemberg each report to Tony Affuso, chairman, CEO and president of UGS. 

About UGS

UGS is a leading global provider of product lifecycle management (PLM) software and services with more than 3 million licensed seats and 42,000 clients worldwide.  The company promotes openness and standardization and works collaboratively with its clients in creating enterprise solutions enabling them to transform their process of innovation and thus begin to capture the value of PLM.