Inso Corporation announced that it has sold its PDM Division for approximately $12 million in cash and net assumption of liabilities. The transaction is in the form of a stock purchase by Structural Dynamics Research Corporation (SDRC) of outstand-ing stock of Inso’s subsidiaries, Sherpa Systems Corporation and Inso France Development. The sale was completed on January 5, 2000 and should result in a transaction loss to Inso estimated at approximately $3 million in the fourth fiscal quarter. In addition, a compensation charge of approximately $1.7 million will be recorded in the fourth fiscal quarter for the cost of option vesting or cancellation for certain PDM Division employees. www.inso.com

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