Creation of 3d PLM Software Ltd.
BOMBAY, India--(BUSINESS WIRE)--Jan. 22, 2002--Geometric Software Solutions Ltd. (Geometric), a specialist in Product Lifecycle Management (PLM) software development and Dassault Systemes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) the world's leading provider of 3d PLM solutions, today announced the signing of a Joint Venture, resulting in the formation of a new company.
The new company, to be named 3d PLM Software Ltd. will be held by Geometric and Dassault Systemes at 70 and 30 per cent respectively. Importantly, 3d PLM S/W will start operations with a mandate of software development for the Dassault Systemes' group, thereby allowing the new company to begin operations from day one.
Manu Parpia, Managing Director, Geometric, will, in addition to his current role, steer 3d PLM S/W as its Managing Director. Speaking on the occasion, he said, "We believe this joint venture step reinforces our strategy to build expertise in the PLM space, while seeking to build alliances with market leaders. After a satisfying association with two Dassault Systemes' group companies, we are pleased to now extend Geometric's capabilities across the Dassault Systemes' group."
Bruno Latchague, Executive V.P. R&D, Dassault Systemes, said, "GSSL has greatly contributed to the success of different brands in the Dassault Systemes' group through an outstanding partnership. The creation of 3d PLM Software is the natural next step in this partnership, extending our global company to leverage the technical expertise GSSL has proven it can deliver to the Dassault Systemes' group. 3d PLM Software will increase our R&D capacity by bringing dedicated and focused skills and resources." 3d PLM Software will function as a virtual extension of Dassault Systemes' R&D team, developing in a single distributed environment within the Dassault Systemes' extended enterprise.
Geometric has launched fresh recruitment initiatives to attract IT professionals. Manu Parpia added: "We believe this joint venture presents an exciting opportunity for Indian IT talent to work with a premier PLM company, to develop truly world class software solutions."
The new company will commence operations in February 2002.
About Dassault Systemes
Dassault Systemes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) is the premier global software developer for the CAD/CAM/CAE/PLM market, providing companies with e-business solutions to implement their digital enterprise, thus creating and simulating the entire product life cycle from initial concept to product in service. The CATIA, ENOVIA and DELMIA Solutions support industry-specific business processes to help unleash creativity and innovation, reduce development cycle time, improve quality, competitiveness and shareholder value: CATIA supports the digital product definition and simulation, DELMIA provides solutions to define and simulate lean digital manufacturing processes and ENOVIA delivers enterprise solutions that manage a comprehensive, collaborative and distributed model of the digital product, processes and resources. The combined integration creates the Digital Product life cycle Pipeline, supporting reuse of corporate knowledge. SolidWorks and SmarTeam, as Dassault Systemes companies, offer respectively 3d design-centric and collaborative PDM software solutions based on Windows and the internet. Spatial, also part of the Dassault Systemes family, is a market-leading provider of world-class 3d software components and services (for 3d modeling, visualization, and interoperability) to meet the requirements of 3d in Internet-based e-commerce and B2B applications.
Information about Dassault Systemes is available at http://www.dsweb.com.
About Geometric Software Solutions:
Geometric Software Solutions Co. Ltd. (Geometric) is a specialist
in Product Lifecycle Management (PLM) solutions for mechanical design,
manufacturing and industrial markets worldwide. Its PLM solutions
comprise component technologies, products and services in the areas of
CAD (Computer Aided Design)/CAM (Computer Aided Manufacturing)/ CAE
(Computer Aided Engineering) /PDM (Product Data Management) and
Collaborative Engineering. Geometric has business development
headquarters in Nashua, NH, USA, and sales offices in Germany, India
and Japan, and development centers in Pune and Mumbai, India. For more
information about Geometric, visit the web at
www.geometricsoftware.com. Geometric is traded in India on the
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Geometric Corporate Press Ms. Charu Gouniyal, Tel: +91-22-596 0974; 98203 36622; Fax: +91-22-5960861 Email Contact or Dassault Systemes Press Anthony Marechal, + 33 1 55 49 84 21 Email Contact or Morgen-Walke Europe SA Investor Relations: Jean-Benoit Roquette / Ron Dassa Media: Nelly Dimey / Lorie Lichtlen + 33 1 47 03 68 10