Dassault Systèmes Is The Fastest Growing Company In Product Data Management According to CIMdata
Foremost Global Developer of PLM Solutions Increased PDM Revenue By 25 Percent In 2002
Paris, France — April 7, 2003 — Dassault Systèmes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA), the world’s leading developer of product lifecycle management (PLM) solutions, today announced it has become the fastest growing company in the product data management (PDM) segment of the PLM market, based on market research data from prominent industry analyst firm CIMdata, Inc., and 2002 financial performance figures released by PDM vendors.
“Despite the continued global slowdown in investments throughout 2002, Dassault Systèmes and its partner IBM had a solid year in PLM by achieving industry-leading growth of over 25% in collaborative Product Definition management (cPDm) new license sales,” said Ken Amann, director of research at CIMdata, Inc., a leading PLM research and advisory firm. “Among the leading cPDm providers, only Dassault Systèmes delivered year-over-year growth in 2002, while its competitors saw their respective sales remain flat, or decline, in comparison to 2001 figures.”
“Without question, 2002 was a breakout year for Dassault Systèmes’ PDM business, as the company outperformed top competitors by a wide margin in this important market segment,” said Bernard Charlès, president and CEO of Dassault Systèmes. “The combination of Dassault Systèmes’ ENOVIA and SMARTEAM offerings, serving as the product knowledge and process infrastructure, constitutes a cohesive PDM solution of unmatched breadth and scope. The wide adoption of these offerings by customers, within the overall Dassault Systèmes PLM environment, is a resounding endorsement of the company’s mission to deliver on the promise of PLM throughout and across the extended enterprise. With strong fourth quarter finishes by both ENOVIA and SMARTEAM, these impressive results illustrate the success of the company’s PLM strategy, and its ability to provide customers with robust PDM solutions that address and respond to complex business needs.”
According to the company’s 2002 financial results, Dassault Systèmes’ overall PDM revenue rose 33% in the fourth quarter to €30.9 million, up from €23.3 million during the same period a year ago. For the year, PDM revenue, on a stand-alone basis, increased 25% to €82.7 million, up from €65.9 million in 2001. This revenue is comprised of sales of the company’s overall PDM offering, currently consisting of the ENOVIA and SMARTEAM branded solutions.