Dassault Systèmes to Acquire Engineous Software
06/17/2008Expands PLM 2.0 for Simulation Lifecycle Management
Paris, France, and Providence, R.I., USA, June 17, 2008 – Dassault Systèmes (DS) (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA), a world leader in 3D and Product Lifecycle Management (PLM) solutions and Engineous Software, a market leader in process automation, integration and optimization, today announced an agreement in which DS would acquire Engineous Software. This acquisition will extend SIMULIA’s leadership in providing Simulation Lifecycle Management solutions on the V6 IP collaboration platform. The proposed acquisition, for an estimated price of 40 million USD, should be completed before the end of July subject to specific closing conditions. The transaction is expected to be non dilutive on DS non-GAAP 2008 earnings.
“The combination of SIMULIA’s domain expertise in Realistic Simulation, the new Dassault Systèmes V6 PLM 2.0 platform, and industry-proven Engineous technology will provide customers with an unmatched capability for collaborative management of simulation applications, processes, data and intellectual property,” stated Scott Berkey, CEO, SIMULIA. “Our new SLM solution is already establishing market leadership momentum and the integration of Engineous’ FIPER framework as well as its design performance exploration tools will enrich and quicken our clients’ capabilities to deliver better products.”
Engineous’ FIPER software has evolved to become the leading distributed product development infrastructure that allows organizations to access, execute, and reuse design simulation tools and processes. The software allows resources to be connected within an organization and externally with partners and geographically dispersed design teams. Engineous customers include: Boeing, GM, Nissan, Procter & Gamble, Caterpillar, Canon, Rolls Royce, United Technologies, General Electric, Samsung and Toyota.
“We are extremely pleased to be joining Dassault Systèmes and the SIMULIA brand team,” stated Siu Tong, founder of Engineous Software. “Our vision, from the start, has been to help define and build solutions for the management and automation of simulation activities within the enterprise. Becoming part of Dassault Systemes will allow our team to play an integral role in the democratization of realistic simulation for companies, their ecosystem and their customers, establishing SIMULIA SLM as the standard for enterprise simulation frameworks.”
Originally sponsored by an industry alliance, including Engineous Software, Goodrich, General Electric, OAI, Parker Hannifin and Ohio University, the Federated Intelligent Product EnviRonment project enabled Engineous to commercialize their FIPER product, which streamlines the design of engineered products, integrating legacy and best-of-breed analytical and design tools through a Web-enabled environment.
"We have enjoyed considerable success in deploying solutions from both Dassault Systèmes and Engineous as part of our overall digital engineering capability," said Dr. Byungsik Kang, Director of CAE, Vehicle Technology Center of Hyundai-Kia Motors Corporate Research & Development Division. "The integration of Engineous and SIMULIA solutions within the open Dassault Systemes environment represents an exciting opportunity for CAD/CAE system improvements which we look forward to with great interest as our enterprise digital engineering strategy evolves. We are very pleased with this unification from our most dependable partners."
For more details, visit www.simulia.com.
About Engineous Software
Engineous Software, Inc. provides process integration and design optimization software solutions and services. The company's iSIGHT software integrates key steps in the product design process, then automates and executes those steps through design exploration tools like optimization, DOE, and DFSS techniques. The FIPER infrastructure links these processes together in a unified environment. Through FIPER, models, applications and "best" processes are easily shared, accessed, and executed with other engineers, groups, and partners. Engineous operates numerous sales offices in the U.S., as well as wholly owned subsidiaries in Asia and Europe. Customers include leading Global 500 companies such as Canon, General Electric, General Motors, Pratt & Whitney, Honeywell, Lockheed Martin, Toshiba, MHI, Ford Motor Company, Chrysler, Toyota, Nissan, Renault, Hitachi, Peugeot, MTU Aero Engines, TRW, BMW, Rolls Royce, and Johnson Controls, Inc. Additional information may be found at www.Engineous.com and http://components.Engineous.com.
About Dassault Systèmes
As a world leader in 3D and Product Lifecycle Management (PLM) solutions, Dassault Systèmes brings value to more than 100,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systèmes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire lifecycle of products from conception to maintenance. The Dassault Systèmes portfolio consists of CATIA for designing the virtual product - SolidWorks for 3D mechanical design - DELMIA for virtual production - SIMULIA for virtual testing - ENOVIA for global collaborative lifecycle management, and 3DVIA for online 3D lifelike experiences. Dassault Systèmes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges. For more information, visit http://www.3ds.com
CATIA, DELMIA, ENOVIA, SIMULIA, SolidWorks and 3D VIA are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.