[0] Dassault Systemes Completes Acquisition of Spatial Component Business.Business Editors SURESNES, France--(BUSINESS WIRE)--Nov. 14, 2000 Spatial's ACIS(R) Solid Modeling Technology and Expertise Positions Dassault Systemes Dassault Systemes (Dassault Systèmes S.A.) (Pronounced - Dasoh) (NASDAQ: DASTY; Euronext: 13065) is a leading company specializing in 3D and PLM (Product Lifecycle Management) software. as the World's Leading Provider of 3D Software Components Dassault Systemes (Nasdaq: DASTY, Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris) today announced it has completed the acquisition of Spatial Technology Inc.'s 3D software component business division through a cash transaction for an amount of $ 25 Million. At the Annual Meeting, stockholders from Spatial Technology Inc. voted on and approved the transaction. The component business will be known as Spatial Corporation and will operate as an independent, wholly owned subsidiary Wholly Owned SubsidiaryA subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dassault Systemes as of today. Michael Payne Michael Payne is the host and interior designer of Home and Garden Television's show Designing for the Sexes. The show was aired from 1998 to 2003, and featured Michael navigating design conflicts between couples with conflicting tastes. , Chief Technology Officer of Dassault Systemes, has been appointed Chief Executive Officer of Spatial. As Dassault Systemes' new technology company, Spatial's mission is to expand the overall market for 3D, make 3D pervasive in e-commerce, and establish 3D industry standards to accelerate communication across all businesses. Spatial's strategy is to offer a broader set of 3D software components to the worldwide economy thereby accelerating the overall creation of value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. . Spatial will continue to evolve and engineer world-leading 3D component technologies including its flagship ACIS(R) 3D geometrical modeler, visualization technologies, and interoperability solutions. Furthermore, Spatial will leverage the technical excellence of all the Dassault Systemes companies to offer new and existing 3D technologies as component extensions of the current Spatial product family. "As an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensee of Spatial visualization component technologies, we look forward to a continued, broadening relationship with Dassault Systemes," said Doug Johnson The name Doug Johnson may refer to the following people:
Robert (Buzz) Kross, Vice President, Manufacturing Division, Autodesk, Inc. (Nasdaq: ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ), remarked, "A long-time ACIS licensee, Autodesk is pleased with Dassault Systemes' commitment to the success of existing Spatial customers. With the ability to leverage the technical resources of the Dassault Systemes Group, combined with a greater focus on product quality and customer support, Spatial is now even better equipped to help us provide our Mechanical Desktop and Autodesk Inventor Autodesk Inventor is the 3D parametric solid modeling package produced by U.S.-based software company Autodesk. It competes with other CAD systems such as SolidWorks, Pro/ENGINEER, and Solid Edge. customers with the 3D modeling functionality they need to be successful in a competitive, global marketplace." "Acquiring Spatial is a key step toward Dassault Systemes' strategy to have 3D everywhere, anytime and for everyone," said Bernard Charles Bernard Charles is the CEO of Dassault Systemes. References
Spatial has assembled a world-class executive staff, leveraging the technological and leadership strengths of both Dassault Systemes and Spatial. Mike Payne will lead the team, along with Didier Bourcier as Vice President of Research and Development, previously Director for CATIA A family of 2D and 3D CAD programs from IBM. CATIA was one of the first CAD programs to provide 3D solid modeling. The program was developed by Dassault Systems, a French aerospace company. geometry modeling technology, and Linda Lokay as Vice President of Sales and Marketing, previously with SolidWorks and Parametric Technology. Todd Londa and Bob Jamieson Bob Jamieson is a television news correspondent for ABC News. After getting his start in local news in St. Louis and Chicago, he joined NBC's national news bureau in 1971. There he reported on a variety of national and international news, including several conflicts in the Middle continue in their current roles in Finance and Administration and Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "We realize this acquisition marks a major turning point for many of Spatial's customers and business partners and we remain dedicated to the ongoing success of our customers' businesses. Our near-term objectives include building stronger relationships with our new and existing customers by focusing on customer satisfaction, product quality, and comprehensive services to support our customers through all phases of development," said Michael Payne, Chief Executive Officer, Spatial. "We feel strongly that by working together to share in the success of our customers we can better fulfill customer needs and establish the strong working relationships we need to expand our product offerings in the future." "Alibre is focused on providing Internet-based collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. solutions that address the needs of global manufacturers and their extended supply chains," said J. Paul Grayson Paul Grayson may be:
"The strategic relationship Alventive has forged with Spatial has been important to our vision of delivering best-in-class collaborative commerce capabilities. By leveraging Dassault Systemes' resources, we view Spatial as now even better equipped to provide innovative solutions for 3D software functionalities that support the entire design process," remarked David W. Tiley, President and Chief Executive Officer, Alventive, Inc. "As a long-term Spatial partner, CADKEY welcomes our new relationship with Dassault Systemes and we are confident that their acquisition of Spatial will have a positive impact on the advancement and broadening of Spatial's 3D software components. Spatial will now be able to leverage the technical capabilities of Dassault Systemes companies, which in turn will help CADKEY to advance its lead in supplying truly interoperable, price/performing professional design software," said Robert Bean Robert Ernest Bean (5 September 1935 – 7 December 1987) was a British Labour Party politician and polytechnic lecturer. Having served as a councillor, Bean was elected Member of Parliament for the marginal Rochester and Chatham seat in the October 1974 general , President and Chief Executive Officer, CADKEY Corporation. Spatial is distinguished as the market-leading provider of world-class 3D software components. Having pioneered the first 3D modeling component technology in the world, ACIS(R), Spatial has evolved to offer additional 3D component technologies for visualization and 3D data interoperability. Now, as part of the Dassault Systemes group, Spatial will continue its efforts to deliver 3D components to the worldwide economy. Spatial Corporation, a Dassault Systemes, S.A. (NASDAQ:DASTY, Bourse de Paris) company, is the market-leading provider of world-class 3D software components. Spatial develops, markets and supports best-of-breed 3D components, to address the exponential requirements of 3D in Internet-based e-commerce and Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) applications. Spatial products, for 3D modeling, visualization, and interoperability, have been adopted by more than 600 licensees worldwide. Headquartered in Boulder, Colorado The City of Boulder (, Mountain Time Zone) is a home rule municipality located in Boulder County, Colorado, United States. Boulder is the 11th most populous city in the State of Colorado, as well as the most populous city and the county , Spatial has offices in the USA, Germany, France, Japan, and the United Kingdom. For more information, please visit Spatial's Web site at http://www.spatial.com or contact Spatial at 303-544-2900, 800-767-5710, or info@spatial.com. Dassault Systemes S.A. 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. CATIA, ENOVIA and DELMIA DELMIA Digital Enterprise Lean Manufacturing Interactive Application 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 SmartSolutions, as Dassault Systemes companies, offer respectively 3D design-centric and TeamPDM software solutions based on Windows. Information about Spatial is available at http://www.spatial.com Information about Dassault Systemes is available at http://www.dsweb.com. ACIS, SAT, and IntraVISION are registered trademarks of Spatial Corporation. All other products are trademarks of their respective owners. All marks are trademarks or registered trademarks of their respective companies. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion