Karryn is basically correct...but there are some differences between the two programs...they have the same basic functions, but both Janome and Hatch have some interface problems especially with the .Pes format which they have been trying to correct. One problem in particular is the stitch player...if you do not have a computer with a resolution of 1080, the stitch player can freeze...Hopefully, they can find a fix for this and some of the other things...Both are expensive programs especially if you do not want to digitize...I would suggest Embird may be a way for you to go!
Dragonflyer, could you give some of the differences between Hatch and MBX v5? (besides price) I'm trying to decide between the two. Thanks.
Hatch is apparently the same as Janome digitizer mbx v5, which I now have. I love it. you can use for placement or digitizing etc and then transfer direct to machine. If you just want something basic to transfer to usb then you can try my editor, it is free and lets you convert designs too.