Bernard Charles, President and CEO of Dassault Systemes, stated, "Our customers' priority is to integrate and expand the scope of realistic simulation, in order to implement reliable and efficient workflow. Our investment in ABAQUS, as well as SIMULIA, our unified multi-physics simulation platform, enables us to offer the benefits of realistic 3D simulation to a very broad audience. Over a five-month integration period we have become well-acquainted with the impressive team of people working at ABAQUS, and are pleased to welcome them into the DS family. Mark Goldstein, currently CEO of ABAQUS, will expand his role to lead the overall SIMULIA portfolio, becoming the CEO of the new brand."
Mark Goldstein added, "We are excited about the SIMULIA vision and the opportunities ahead of us with our colleagues at Dassault Systemes. The simulation market is a vibrant one, with significant growth opportunities, as simulation is now playing an increasingly important role across multiple industry sectors. With the expanded resources now available to us, our goals are straightforward: establish ABAQUS as the undisputed market leader in finite element analysis; integrate all DS-related solutions within SIMULIA; and expand our realistic simulation ecosystem to address broad customer demands, beyond manufacturing industry sectors."
Dassault Systemes also confirmed that it will provide fourth-quarter 2005 and initial 2006 financial objectives, incorporating ABAQUS, at the time of its third-quarter financial results, scheduled for October 25, 2005.
About ABAQUS, Inc.
Founded in 1978, ABAQUS, Inc. is the world's leading provider of software and services for advanced finite element analysis. The ABAQUS(R) software suite has an unsurpassed reputation for technology, quality and reliability. It has been adopted by major corporations across all engineering disciplines as an integral part of the design process. ABAQUS offers a powerful and complete solution for simple-to-complex linear and nonlinear engineering problems, using the finite element method. A wide range of structural, thermal, dynamic and coupled analyses is supported. The software delivers a unified simulation environment without equal, presenting a compelling alternative to implementations involving multiple products and vendors. In October 2005, ABAQUS became a wholly owned subsidiary of Dassault Systemes, a world leader in 3D and Product Lifecycle Management (PLM) solutions. ABAQUS employs over 525 people worldwide, with headquarters located in Providence, RI, USA, and R&D centers in Providence and in Suresnes, France. ABAQUS has 29 offices for technical support, sales and services, plus a network of distributors in emerging markets. ( www.abaqus.com)
About Dassault Systemes
As world leader in 3D and PLM (Product Lifecycle Management) solutions, the Dassault Systemes group brings value to more than 80,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systemes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire life cycle of products from conception to maintenance. Its offering includes integrated PLM solutions for product development (CATIA(R), DELMIA(R), ENOVIA(R), SMARTEAM(R)), mainstream 3D design tools (SolidWorks(R)), and 3D components (Spatial/ACIS(R)). Dassault Systemes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges.
For more information, visit http://www.3ds.com
ABAQUS(R) is a registered trademark or trademark of ABAQUS, Inc., in the United States and other countries. All other brand names, product names or trademarks belong to their respective holders.
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