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MKS Announces – MKS Requirements 2005 – "Right-weight" Approach to Requirements Management for the Enterprise

Waterloo, ON — October 18, 2004: MKS Inc. (TSX: MKX) today announced its entry into the Requirements Management market with MKS Requirements 2005.

Waterloo, ON — October 18, 2004: MKS Inc. (TSX: MKX) today announced its entry into the Requirements Management market with MKS Requirements 2005.

The heavyweight nature of requirements management software has crushed the life out of new systems at a time when they are most vulnerable – requirements definition. MKS Requirements 2005 is a milestone in software development – the first requirements management solution built as an integral part of an Enterprise Software Configuration Management (ESCM) system. Not just any ESCM system, but as part of the powerful process management and workflow capabilities of MKS Integrity Manager®. For the first time, clients gain seamless connection and a real time flow of information between business users and developers who collaborate via a single platform, unified interface, and common process.

Unlike other market solutions that are functionally burdensome, loosely integrated and carry a high administrative and cost overhead, MKS Requirements 2005 offers "right weight" requirements management capabilities, making the solution more intuitive and easy to use, and encouraging broader participation amongst all users in the requirements process. For IT managers, there is only a single solution to install and administer, ensuring MKS Requirements 2005 delivers the lowest total cost of ownership in the marketplace while maximizing enterprise productivity.

"Requirements management is a significant technology in the automotive industry, and we are investigating the concept of a 'right weight' approach as a new alternative to the market's more heavy weight solutions," says Dr. Udo Judaschke, responsible for Development Methods and Infrastructure at Continental Teves AG & Co. OHG, Germany, one of the world’s leading automotive suppliers. "MKS built their solution with significant input from customers such as ourselves, and we perceive MKS Requirements 2005 as a solution which has the ability to fill an un-served need in the market and enable a broader number of business users to participate in the requirements process."

MKS Requirements 2005 core capabilities:

  • Built as an extension of MKS Integrity Manager's process and workflow engine, driving down total cost of ownership and facilitating collaboration between business users and developers through the use of a common tool;
  • Flexible and powerful workflow with approval cycles spanning business and development teams;
  • Single repository with audit trails maintains a history of requirements and all changes over time;
  • Clear and visible connection between development artifacts such as source code and documentation and associated requirements via change packages in support of IT auditing and compliance initiatives;
  • Automatic triggering of "suspect" requirements and development tasks shows real time impact of requirements change between business users and developers;
  • Integration with Microsoft Word allowing business users to use familiar authoring tools to build requirements for import into MKS Requirements 2005;
  • Hierarchical structure and presentation of requirements provides logical organization, trace-ability and impact analysis of requirements change;
  • Historical reporting provides project managers with a view on how requirements have changed over time; and
  • Powerful querying, charting and reporting for team communication and senior management visibility.

"Managing changing requirements and scope creep must be an integral part of an organization’s overall development process, and is vital to mitigating risk on large development projects. META Group research indicates that around 60-70 percent of project failures occur directly as a result of poor requirements gathering, analysis and management," said Melinda Ballou, Senior Research Analyst, META Group Inc., a leading provider of IT research, advisory services and strategic consulting. "It is very easy for development activity to move out of step with changing requirements. Organizations seeking to achieve standardized processes, higher levels of process maturity, and ensure regulatory compliance, benefit from intuitive requirements functionality that is closely integrated with change and configuration management to enable improved collaboration between business users and developers."

"MKS is the first ESCM vendor to deliver a fully integrated Requirements Management (RM) solution as an extension of an Enterprise Software Configuration Management system, binding RM into the full application lifecycle process. While others in the market have acquired and integrated, we have built from scratch. Our solution is highly useable – easy to learn and easy to administer, and the fact that business users, systems analysts and developers all collaborate via a single solution ensures a high degree of interaction between the teams. This new, 100 percent integrated approach will most certainly lead to better project estimates and delivery. And, the clear connection between requirements, development activity and development artifacts delivers an unprecedented level of audit-ability, something every IT organization must demonstrate for Sarbanes-Oxley compliance," says David Martin, MKS vice president Product Management.

MKS will preview MKS Requirements 2005 at Convergence located at Cobo Center in Detroit from October 18 – 20, booth # 1360. Also, join MKS and Continental Teves, Inc., one of the world's leading automotive suppliers, at a cocktail reception on Tuesday, October 19 at 5:00 p.m. and hear the following presentation, "Gaining Innovative Edge through Optimizing Software Development Processes." To register, please visit our booth or Web site at: http://www.mks.com/go/convergence.

MKS Requirements 2005 will be available direct from MKS in January 2005. For additional information and to view a screenshot, please visit: http://www.mks.com/products/rm.

About MKS
MKS is the preeminent provider of enterprise technology management solutions for the global 1000. Our solutions let companies manage the technology governing the enterprise by enabling all of the key steps in the technology lifecycle, from requirements capture and business process design to global development team collaboration, to metrics management and reporting to complete auditing of software and system change in support of IT governance initiatives. MKS solutions are distinguished for their speed of implementation and low total cost of ownership. Founded in 1984, MKS serves more than 10,000 customers in countries across the world. Whether our customers deploy MKS's enterprise solutions strategically on an enterprise scale, or leverage individual components to solve project-level challenges, our customers can use MKS's technology to better connect their business through flexible process, manage global development activity and protect their most critical business applications and software assets. More information about MKS can be found at http://www.mks.com, or by calling 1-800-265-2797 (US & Canada), +49-711-351775-0 (Germany), and +44-1483-733900 (United Kingdom).

Copyright © 2004 MKS Inc. MKS, MKS Integrity Manager and MKS Toolkit are trademarks or registered trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

US and Canada Media Contact:
Email pr@mks.com


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