Feb 18 2003

SmarTeam Wins One-Third More New Customers in 2002 over Previous Year

Beats industry trends and global economy to achieve best year in history thanks to new industry-based collaborative solutions

Kfar Saba, February 18, 2003 - SmarTeam Corporation Ltd., a Dassault Systèmes company (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) and leading provider of innovative Product Lifecycle Collaboration solutions, today announced that it achieved dramatic growth in 2002, including 583 new customers, up by 33% from 2001.

 

“In a challenging global environment, dominated by economic uncertainty and reduced corporate spending, SmarTeam released a range of new industry solutions which clearly addressed manufacturers’ needs,” said SmarTeam CEO Avinoam Nowogrodski. “These resulted in increased value for SMARTEAM customers, which was also reflected in growth both in SmarTeam revenues and in average deal size.”

 

Among the host of leading enterprises newly benefiting from SMARTEAM solutions are: Toyota Industries, Siemens VDO Automotive AG, global home appliance leader Electrolux Group, textile machine manufacturer NSC Schlumberger, race car producer Oreca Motorsport, electronics manufacturer Promise Technology Inc. and leading petroleum industry equipment supplier Kværner Oilfield Products.

 

SmarTeam enters 2003 positioned more strongly than ever, with a growing offering of industry Best Practices for Fabrication & Assembly, Electrical & Electronics, Process Industries, Life Sciences and the Automotive & Aerospace supply chains. SMARTEAM solutions are delivered by world-class organizations, including IBM, SolidWorks, and resellers on every continent.