Revit Technology Corporation Secures $24 Million Initial Third-Round Funding; Dassault Systemes Investment Propels Company Toward Global Expansion.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 19, 2000 Revit Technology Corporation (www.revit.com), creator of the first parametric building modeler for the AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission industry, today announced it has secured an additional $24 million in initial third-round funding. This investment round coincides with the Company's European launch at A/E/C A/E/C Architect/Engineer/Contractor Systems UK 2000 and the shipment of Revit 2.0 to its growing customer base. Participating in this investment round is 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. S.A. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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), the premier global software developer for the CAD, manufacturing, engineering and product life management markets. Dassault Systemes joins Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the and North Bridge Capital Venture Partners, two existing equity holders that have maintained their investment stake in the Company with additional funding during this round. This funding will enable Revit Technology to proceed with its entry into global markets and sustain its rapid product development and release cycle. "Revit Technology's powerful parametric building modeler combined with its innovative Internet-based e-commerce business model creates a groundbreaking architectural CAD system that defines the future of how architects and building design professionals use computers," said Bernard Charles Bernard Charles is the CEO of Dassault Systemes. References
As a global technology leader with nearly two decades of industry experience, Dassault Systemes' investment in Revit Technology endorses the promise of parametric building modeling for the 21st century. "These commitments are a testament to our success and signify our growing position in the market," said David Lemont, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Revit Technology Corporation. "This important round of funding will allow us to expand our mission globally. We understand how architects work, and we are unwavering in our commitment to provide software and architect-centered services that allow them to focus on their designs and not on tedious CAD chores." Atlas Venture Principal and Revit Technology board member Barry Fidelman said Revit has made a strong and notable impact on the architectural CAD industry since the product was first launched in April 2000. "Revit Technology is leading the new generation of architectural CAD systems based on parametric building modeling," Fidelman said. "We are glad to be part of the Company's success and support its outstanding management team." About Revit Technology Corporation Founded in 1997, Revit Technology Corporation is revolutionizing building design with Revit - the first parametric building modeler developed for the AEC industry. Revit's advanced parametric technology offers unprecedented ease of use in a product that has been designed to enable architects, engineers, owner/operators and construction professionals to transform the entire process by which buildings are designed, constructed, and operated over their lifecycle. With offices in the United States and United Kingdom, Revit's revolutionary building technology is in use by leading architectural firms such as Little & Associates Architects, G.B.H. Macomber Company, NBBJ NBBJ Naramore, Bain, Brady & Johanson (Seattle, Washington Architectural & Planning Firm) and WAT&G. For more information, please visit www.revit.com or call 781-839-5300. About Dassault Systemes Dassault Systemes (NASDAQ:DASTY) is the premier global software developer of Product Lifecycle Management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) solutions, providing companies with e-business solutions to implement their digital enterprise, thus creating and simulating the entire product lifecycle from initial concept to product in service. 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. , DELMIA DELMIA Digital Enterprise Lean Manufacturing Interactive Application and ENOVIA 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 lifecycle Pipeline, supporting reuse of corporate knowledge. SolidWorks and Smart Solutions, as Dassault Systemes companies, offer respectively 3D design-centric and TeamPDM software solutions based on Windows. Information about Dassault Systemes is available at http://www.dsweb.com. Revit is a trademark of Revit Technology Corporation. |
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