Market Overview

Aras Acquires SofTech Srl to Expand Operations and Meet PLM Demand in Southern Europe

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Aras,
the leader in open product lifecycle management (PLM) software for the
enterprise, today announced it has acquired SofTech Srl to expand direct
engagement with customers and meet increasing demand for Aras PLM in
Southern Europe. SofTech Srl, a subsidiary of SofTech Inc., has been a
long-standing, strategic implementation partner for Aras when engaging
leading aerospace and automotive customers in Italy. Aras' new office in
Milan, Italy adds to the company's existing European footprint that
includes France, Germany, Switzerland, and the United Kingdom. All
current SofTech Srl employees are remaining with the company and will
become employees of Aras.

Aras' expanded direct presence is critical for on-the-ground
collaboration with enterprise customers who are embarking on complex
digital transformation initiatives. Using the flexibility of the Aras
PLM platform, manufacturers are able to employ agile implementation to
rapidly transform their existing product development architecture and
deliver fast time to value.

Andreas Mueller, SVP of European Operations at Aras said, "The addition
of SofTech Srl to Aras solidifies our long-standing partnership and now
provides a foundation for direct growth in Southern Europe. The SofTech
team has played an important role in our success with customers such as
Leonardo, and the addition of their expertise is a key piece in scaling
our operations."

Dante Cislaghi, General Manager, SofTech Srl said, "Aras has experienced
tremendous growth and momentum as manufacturers realize their existing
processes and IT architectures no longer suffice. Today's products are
simply too complex for legacy systems. We see that first hand working
with customers, and have deployed the Aras platform to solve the most
complex product challenges that other PLM systems were not able to
address. We now look forward to contributing directly to Aras' growing
story."

For business inquiries in Europe, contact Andreas Mueller, SVP, European
Operations, at amueller@aras.com or
by phone at +49 8142 44126-0.

About SofTech
SofTech, Inc. (OTCQB:SOFT) is a proven
provider of product lifecycle management (PLM) solutions. SofTech's
solutions accelerate products and profitability by fostering innovation,
extended enterprise collaboration, product quality improvements, and
compressed time-to-market cycles. SofTech excels in its sensible
approach to delivering enterprise PLM solutions, with comprehensive
out-of-the-box capabilities, to meet the needs of manufacturers of all
sizes quickly and cost-effectively. Over 100,000 users benefit from
SofTech software solutions, including General Electric Company,
Goodrich, Honeywell, Siemens, Sikorsky Aircraft and the U.S. Army.
Headquartered in Lowell, Massachusetts, SofTech has locations and
distribution partners in North America, Europe, and Asia.

About Aras
Aras enables the world's leading manufacturers of
complex, connected products to transform their product lifecycle
processes and gain a competitive edge. Aras' open, flexible, scalable,
and upgradable PLM platform and applications connect users in all
disciplines and functions to critical product information and processes
across the extended enterprise. Aras customers include Airbus, BAE
Systems, GE, GM, Hitachi, Honda, Kawasaki Heavy Industries, and
Microsoft. Visit www.aras.com and
follow us on Twitter @aras_plm and LinkedIn.

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