Go to www.mysmartrend.com now for a FREE two-week trial.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Go to www.mysmartrend.com now for a FREE two-week trial.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

"As organizations strive to be efficient, responsive and global, Paxonix brings efficiency to the speed-to-market process, enhancing a company's overall ability to compete in today's marketplace," said Don Armagnac, chief executive officer of Paxonix. "We are proud of the success we have built around the Paxonix brand and product, and are confident Persistent Systems has the global presence, vision and influence within the software product development services industry to realize its next level of success."

MWV will continue to be a user of Paxonix, and will serve as a reseller of Paxonix software and services. Other terms of the agreement were not disclosed.

The strategic acquisition of Paxonix significantly strengthens Persistent's market position. Specializing in packaging and brand asset management, Paxonix has a unique combination of specific technology and domain knowledge with a marquee list of customers. Delivered as 'Software as a Service', the Paxonix product is in line with Persistent's SaaS/Cloud offerings. Persistent is committed to building state-of-the-art solutions delivered as SaaS. This solution offering will enable the Company to address new industry verticals as well as successfully deliver innovative software solutions on the Cloud.

About MWV

MeadWestvaco Corporation (NYSE: MWV), provides packaging solutions to many of the world's most-admired brands in the healthcare, beauty and personal care, food, beverage, media and entertainment, home and garden, tobacco, and commercial print industries. The company's businesses also include Consumer & Office Products, Specialty Chemicals, and the Community Development and Land Management Group, which sustainably manages the company's land holdings to support its operations, and to provide for conservation, recreation and development opportunities. With 21,000 employees worldwide, MWV operates in 30 countries and serves customers in more than 100 nations. MWV manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the sixth consecutive year. For more information, please visit www.mwv.com.

About Persistent Systems

Established in 1990, Persistent Systems is recognized as an award-winning technology company specializing in software product development services. With 4,200+ employees, innovative business models, and reusable assets and frameworks, Persistent helps its customers increase revenues and margins, and enhance brand value. Persistent Systems has delivered over 2,400 software product releases to their 175+ customers in the last six years. It has developed proven processes for the entire product lifecycle which reduce time-to-market while delivering consistent quality and customer satisfaction -- as evidenced by customer partnerships that span many years. For more information, visit http://www.persistentsys.com

SOURCE: MeadWestvaco Corporation

Media 
MWV 
Alison von Puschendorf, +1-804-327-7284 
mediainquiries@mwv.com 
or 
Persistent Systems 
Gita Rao-Prasad, +1-408-823-0344 
Gitar@persistentsys.com 
or 
Investor Relations 
MWV 
Jason Thompson, +1-804-201-2556

Mr Hiremath joined MWV in 2001, where he has served as director of operations planning and strategy, and vice president, procurement and supply management for the consumer and office products division. Most recently, he led the company's global sourcing function as vice president.

James Buzzard, president of MWV, said: "Nik is well positioned to continue to lead the supply chain, working closely with our businesses, and ensuring we maintain a strong productivity discipline through the implementation of best practices."

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon