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Article: United States : Dassault Buys IBM s PLM Software Distribution Activities.

Article from:
TendersInfo
Article date:
October 28, 2009
Copyright

Byline: Mamta03

Dassault Systemes has signed an agreement to acquire IBM's sales and support force for Dassault's PLM (Product Lifecycle Management) software for about US$600 million, the company said on Tuesday.

Seven hundred IBM employees will move to Dassault as a part of the deal. The French company will also inherit the support contracts for 1,000 PLM customers.

Dassault is known mainly for its CATIA (Computer Aided Three-dimensional Interactive Application) product, which is used for computer-aided design, manufacturing and engineering.

The cash transaction is expected to close in the second half of 2010, assuming regulatory ...

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