SDRC (Structural Dynamics Research Corporation) is a leading company specializing in MCAE (Mechanical Computer Aided Engineering) and PLM (Product Lifecycle Management) software. History SDRC was formed by engineers, led by then associate professor Dr. Jason R. Lemon, from the University of Cincinnati in 1967, as a consulting company specializing in structural dynamics, or how mechanical parts vibrate. US Steel was a primary customer and early investor, until selling their shares to General Electric in the early 80's. To aid in its consulting, the company wrote software to simulate and predict vibration. Companies began asking for rights to use this software, and thus SDRC entered the software market. In the 70s, SDRC became known as a Finite Element and Modelling company, and during the 80s and 90s became one of the leading companies in solid modeling and analysis. SDRC (Lemon) is well known globally as one of the first to coin the term "MCAE" (Mechanical Computer Aided Engineering) in the 70's. Dr. Lemon left SDRC in 1982 to form a new start up in 1983, International TechneGroup Incorporated; focused on applying CAE early in product development to lead design, a methodology known as CP/PD (Concurrent Product and Process Development). Among several technologies pioneered by SDRC, it was one of the first companies to introduce a Product Lifecycle Management (PLM) solution, as a result of its joint venture with Control Data. The product, Metaphase, eventually became the sole property of SDRC. Financial Scandal On September 14, 1994, SDRC announced that it would be forced to restate its previously-announced earnings. Months later, it was revealed that the Company had overstated its revenue over the three previous years by a combined total of $68 million, citing improprieties in its Far East reseller operations. After the scheme was disclosed, $30 million in SDRC software was discovered in a warehouse at Cincinnati/Northern Kentucky International Airport. Company executives fined On April 11, 1997, the former chairman of SDRC and four other former company executives agreed to pay $1.5 million to settle charges that the Milford software company artificially inflated earnings and revenues from 1992 to 1994. Vice president Tony Tolani paid the government $1 million; Chairman/CEO Ron Friedsam was fined $100,000; CFO Ron Hoffman paid $200,000, VP Robert Fischer, $157,000; and Controller Dick LaJoie, $25,000. The resulting class-action shareholder lawsuit was settled on November 21, 1997, with SDRC agreeing to pay $37.5 million in payouts to affected