Accelrys, Inc. names Stevens alumnus Max Carnecchia to serve as Chief Executive Officer and President

HOBOKEN, N.J. — Accelrys, Inc., a leading global provider of scientific business intelligence software and services, announced that its Board of Directors has named Stevens Institute of Technology Class of ’85 alumnus Scipio “Max” Carnecchia to serve as the company’s Chief Executive Officer and President, effective immediately. Mr. Carnecchia has also been appointed to the Company’s Board of Directors.

Carnecchia comes to Accelrys with more than two decades of high technology experience. Most recently he served as President of Interwoven, a global leader in content-management solutions. At Interwoven, he ran the day to day operations of the business and led the company through 21 consecutive quarters of year over year revenue growth and operating margin expansion. Interwoven was acquired by Autonomy Corporation plc earlier this year in a transaction valued at approximately $800 million.

Todd Johnson, who has served as Accelrys’ interim President and Chief Executive Officer, is resigning his position effective June 15, 2009. He will serve as an advisor to Carnecchia for a period of time to assist with the transition. Mr. Johnson was named interim President and CEO in January 2009.

Ken Coleman, Chairman of Accelrys’ Board of Directors, commented: “Max brings to Accelrys strong execution skills, a proven ability to develop performing teams and a solid track record of driving shareholder value.”

In commenting on his appointment, Carnecchia stated: “Accelrys is a solid company with a great collection of assets, strong technology and a talented team. I look forward to working with the team to take the company to its full potential.”

Prior to Interwoven, Carnecchia served as Vice President of Global Sales of Xoriant Corporation, Vice President of Sales and Services of SmartDB Corporation, and as Vice President of Sales for Group 1 Software. In 1985, he received a Bachelor of Engineering degree in Electrical Engineering and Computer Science from Stevens Institute of Technology.

About Accelrys

Headquartered in San Diego, California, Accelrys develops scientific business intelligence software and solutions for the life sciences, energy, chemicals, aerospace, and consumer products industries. Our customers include many Fortune 500 companies and other commercial entities, as well as academic and government entities. We have a vast portfolio of computer-aided design modeling and simulation offerings which assist our customers in conducting scientific experiments ‘in silico’ in order to reduce the duration and cost of discovering and developing new drugs and materials. Our scientific business intelligence platform underlies most of our computer-aided design modeling and simulation offerings. Our platform can be used with our products, our competitors’ products and our customers’ proprietary predictive science products. Its flexibility, ease-of-use and advanced chemical, text and image analysis and reporting capabilities enable our customers to mine, aggregate, analyze and report scientific data from disparate sources, thereby better utilizing scientific data within their organizations. For more information about Accelrys, visit its website at http://accelrys.com/

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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