Paris, France and Baltimore, Maryland – May 15, 2003 – Dassault Systèmes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA), and Avatech Solutions, Inc., (OTCBB: AVSO.OB) today announced the signing of a Memorandum of Understanding (MOU) agreement under which Avatech will significantly expand its US marketing, sales and services with integrated SMARTEAM Product Lifecycle Management (PLM) solutions from Dassault Systèmes.
“We are extremely pleased about the partnership with Avatech and see great opportunity in delivering the SMARTEAM solution to their customers,” said Philippe Forestier, executive vice president Alliances, Marketing and Communications, Dassault Systèmes. “This agreement will allow us to significantly increase our market share among the small and medium-size businesses (SMB) in the US.”
Dassault Systèmes PLM solutions help organizations of all types innovate, improve quality, and reduce both costs and product development times. They also help companies collaborate internally, across geographic boundaries and with suppliers.
“Our collective products and services offerings will enable Avatech to deliver over time complete PLM solutions to mid-market companies in a variety of industries, including manufacturing, building design, facilities management, homeland security, pharmaceuticals and petro-chemicals,” said Scotty Walsh, CEO of Avatech Solutions.
According to Walsh, “Avatech is committed to a course of rapid growth through the addition of new products, people, and geographic reach. Our new partnership with Dassault Systèmes, a global leader in the market for PLM software, is a significant step in carrying out this overall business plan. However, the real benefit is the ability to offer theses solutions to our existing 18,000 customers throughout the U.S.”