Dassault SystAmes Acquires No Magic to Broaden Systems Engineering Offerings.
M2 EQUITYBITES-October 26, 2017-Dassault Syst??mes Acquires No Magic to Broaden Systems Engineering Offerings
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26 October 2017 - France-based 3D design and engineering software company Dassault Syst?[umlaut]mes (PAR: DSY) (Euronext Paris: 13065) has agreed to acquire its partner Texas, US-based architecture modeling software firm No Magic, Inc. to strengthen Dassault's 3DEXPERIENCE solutions platform, the company said.
Terms of the transaction were not disclosed.
Financial terms of the transaction were not disclosed. Completion of the transaction is subject to customary conditions precedent, including foreign investment approvals in the United States and in Lithuania.
The acquisition of No Magic strengthens Dassault Syst?[umlaut]mes' industry solution experiences based on the 3DEXPERIENCE platform by generalising systems engineering for developing the internet of experiences, the autonomous experiences that are digitally connecting products, nature and life in the physical world.
Enterprise customers, small companies and professionals in the aerospace and defence, transportation and mobility and other industries use No Magic's solutions, including its core product, MagicDraw, part of the Cameo Suite, for business process, architecture, software and system modeling with teamwork support.
Dassault Syst?[umlaut]mes will provide continuity for No Magic's customers, and plans to integrate No Magic's solutions into its 3DEXPERIENCE platform, complementing and reinforcing CATIA applications.
This will provide a single source of truth allowing any user within a company to implement continuous 3D digital processes and to address all lifecycle aspects of an experience, from requirements, system of systems architecture models, systems and sub-systems architecture to functional, conceptual, logical and physical 3D modeling simulations.
In addition, the acquisition will provide small companies and professional users with access to more dynamic development tools to enhance their business process modeling.
Dassault Syst?[umlaut]mes is a multinational software company that develops 3D design, 3D digital mock-up, and product lifecycle management (PLM) software. The group serves over 220,000 customers of all sizes, in all industries, in more than 140 countries.
No Magic is a global solutions company focussed on model-based systems engineering and architecture modeling for software, and system of systems. The company has offices in Lithuania and Thailand.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Oct 26, 2017|
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