San José, California (USA) and Paris, France - September 30, 2002 - ImpactXoft and Dassault Systemes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) today announced the signing of a strategic alliance to develop and deliver advanced design collaborative and functional modeling solutions for 3D Product Lifecycle Management (PLM). This alliance includes the signing of a CAA V5 Original Software Developer (OSD) agreement and an investment by Dassault Systemes of US $10M corresponding to an equity position of 15% in ImpactXoft.
The partnership will leverage ImpactXoft’s awarding-winning IXSPeeD™ technology with Version 5 of Dassault Systemes’ 3D PLM portfolio to deliver and market innovative applications through the CATIA, DELMIA, ENOVIA, and SMARTEAM brands. Initial deliveries will target process-centric applications for the E&E, Consumer Goods, and Industrial Machinery industries. Through this technology, engineers in these sectors will interact in language tailored to their industry and at a speed that will significantly accelerate the design process.
“ This alliance allows us to take our functional modeling and collaboration technology from the incubator stage to become part of a full enterprise solution, ” said Attilio Rimoldi, president and CEO, ImpactXoft. “ We met with all the other players and not only was Dassault Systemes the only one who understood the value we could bring, but their V5 technology was the only way to leverage functional modeling and make it available across the entire PLM marketplace ”.
“ ImpactXoft has created a revolutionary technology for the 3D PLM sector and we immediately recognized the value that it could bring to our customers in the E&E, Consumer Goods and Machinery industries when delivered within our V5 solution portfolio, ” said Dominique Florack, executive vice president R&D, Dassault Systemes. “ We are delighted to welcome the ImpactXoft team to the V5 ecosystem and are anxious to realize the potential of our alliance. ”
“ The combination of ImpactXoft's revolutionary functional modeling technology with Dassault Systemes' visionary portfolio of 3D PLM solutions represents the dawning of a new era in the PLM industry and sets a new standard for users seeking breakthrough collaborative innovation capabilities, " said David Burdick, President of Collaborative Visions.
Collaborative product design and functional modeling solutions will enable customers to improve productivity and innovation through faster iterations, design sharing, and simultaneous reconciliation. ImpactXoft and Dassault Systemes development will focus on: