Dassault Systèmes acquires center for the development of next-generation, 3D-based sourcing solutions for collaborative PLM
Paris, France, and Dallas, Texas, June 28, 2005 – Dassault Systèmes (NASDAQ: DASTY; Euronext Paris: #13065, DSY.PA), the world’s leading developer of Product Lifecycle Management (PLM) solutions, and i2 Technologies, Inc. (OTC: ITWH), a leading provider of demand-driven supply chain solutions, today announced that they have reached an important milestone in their strategic partnership for the development of sourcing solutions for PLM based on the Dassault Systèmes V5 platform.
The intent of the partnership, announced on May 10, is to enable cross-functional visibility and unmatched collaboration between the engineering and sourcing communities, bringing sourcing considerations to the engineer's desktop and engineering criteria and 3D digital mockup to the sourcing specialist.
As an important step in the partnership, Dassault Systèmes has completed the planned acquisition of a center for the development of sourcing solutions for collaborative PLM from i2 for approximately $10 million. The ongoing partnership will continue to bring together Dassault Systèmes’ PLM expertise and V5 platform, along with sourcing expertise and SRM (Supplier Relationship Management) upgrades from i2. i2 will also continue to develop and sell its SRM solutions and support its customers.
Solutions produced through the partnership will be Dassault Systèmes-branded and will provide benefits such as the ability to design for supply, enhanced re-use management, optimized component and subsystem lifecycle management, and converging engineering and sourcing processes. For instance, engineers will be able to optimize design by taking into account part-sourcing information such as obsolescence, availability and companies' sourcing preferences early in the design cycle.
i2 Cautionary Language
This press release contains forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding the strategic partnership between i2 and Dassault Systèmes; the joint development of sourcing solutions, the benefits to be offered by such jointly-developed solutions; the provision of an enhanced roadmap and growth path for the i2 customer base; i2's continued provision of SRM upgrades and sourcing expertise; the parties' definition of the scope of the project; and i2 continuing to market and sell its SRM solutions and support its customers. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q filed May 10, 2005 and the Annual Report on Form 10-K filed March 16, 2005. i2 assumes no obligation to update the forward-looking information contained in this news release.
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating 'virtual twin experiences’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production.
Dassault Systèmes’ 20,000 employees are bringing value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit https://www.3ds.com