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VELIZY-VILLACOUBLAY, France–(BUSINESS WIRE)–Regulatory News:
Dassault Systèmes (Paris:DSY) (Euronext Paris: #13065, DSY.PA) today appear that it has entered into a absolute acceding to access IQMS, a arch accomplishment ERP software company, for $425 million. With the accretion of the California-based IQMS, Dassault Systèmes extends the 3DEXPERIENCE belvedere to baby and midsized accomplishment companies gluttonous to digitally transform their business operations.
IQMS’s software – on apriorism EnterpriseIQ and software as a account WebIQ – bear an all-in-one band-aid to mid-market manufacturers for managing engineering, accomplishment and business ecosystems by digitally abutting adjustment processing, scheduling, assembly and aircraft processes in absolute time. By amalgam IQMS’s solutions into the 3DEXPERIENCE belvedere on the cloud, Dassault Systèmes will accommodate these manufacturers with an affordable arrangement for operations that improves the collaboration, accomplishment ability and business activity bare to serve their barter successfully. The manufacturers – abounding of them SOLIDWORKS users – additionally accretion the adaptability to rapidly calibration up as a business grows.
In parallel, these manufacturers can appoint in new business opportunities and actualize amount by bartering their accomplishment ability and casework to a ample association of designers and engineers in Dassault Systèmes’ 3DEXPERIENCE Exchange – the world’s better basic factory.
“We charge no best anticipate of industry as a set of agency of production, but as a action of amount creation. This applies not alone to confusing startups and accustomed corporations, but additionally to the hundreds of bags of boilerplate manufacturers that aftermath genitalia basic to the development of new chump experiences,” said Bernard Charlès, Vice Chairman and CEO, Dassault Systèmes. “IQMS has able a abysmal ability of accomplishment and architect needs. We acceptable IQMS to our aggregation as we actualize a new class of business solutions that expands our action for companies agnate to those application SOLIDWORKS. They can embrace the belvedere abnormality and curl in today’s Industry Renaissance.”
Today’s accomplishment ERP mid-market is estimated at $5 billion, with a 7 to 8 percent anniversary advance amount through 2023. In the ambience of the Industry Renaissance – the aggregation of a assorted and able accumulating of agenda technologies that is transforming every aspect of automated business – the world’s 250,000 baby and midsized manufacturers charge accept and optimize new means of bearing and accomplishing business through agenda transformation in adjustment to innovate and advance their advance in an added competitive, all-around marketplace.
“For years, our business has been committed to maximizing our accomplishment customers’ success by carrying a absolute accomplishment ERP arrangement congenital accurately for the mid-market manufacturers and backed by all-encompassing abutment and educational services, which has becoming us acceptance in a cardinal of industry letters and abundant business awards,” said Gary Nemmers, President & CEO, IQMS. “As allotment of Dassault Systèmes, we can booty the abutting accomplish in accouterment barter with new approaches to accomplishing operational ability and capability and accomplishing so with a all-around reach.”
Dassault Systèmes will advice IQMS aggrandize its chump abject by leveraging the attendance in the mid-market amplitude accomplished with Dassault Systèmes’ SOLIDWORKS applications, which are delivered and accurate by the company’s Professional Solutions all-around accomplice channel.
“At Westfall Technik, we focus on innovation, architecture and bringing the best accomplishment practices from about the apple to all of our operations,” said Brian Jones, Founder, Westfall Technik, Inc. “IQMS abutting armament with Dassault Systèmes is absolutely the affectionate of addition we like to see from our partners. IQMS’s backbone in accomplishment operations and Dassault Systèmes’ backbone in architecture and agenda transformation is a abundant aftereffect for Westfall Technik. We currently use both IQMS and SOLIDWORKS in assorted locations. We absolutely attending advanced to the new partnership.”
IQMS’s solutions are acclimated by 1,000 barter based primarily in the U.S. whose 2,000 accomplishment accessories in 20 countries aftermath for the automotive, automated equipment, medical device, chump goods, and chump packaged appurtenances industries. Barter accommodate Westfall Technik, KKSP Precision Machining, AMA Plastics, Donnelly Custom Manufacturing, FlowBelow Aero Inc., All-around Interconnect, Inc., Jabil Packaging Solutions, Schnipke Precision Molding, Steinwall Inc., Scientific, Inc., Sturgis Molded Products, Tribar, and Ventura Accomplishment Inc. IQMS’s 2017 acquirement was about $56 million.
The acquirement amount of IQMS will be paid in cash. Completion of the transaction is accountable to accepted altitude precedent, including antitrust approval in the U.S. Closing of the transaction is accepted in aboriginal 2019. Dassault Systèmes was brash by Goldman Sachs and Mintz Levin, and IQMS was brash by Harris Williams and Weil Gotshal & Manges.
Notice of Appointment Call:
The administration of Dassault Systèmes will be hosting a appointment alarm today, Tuesday, December 11, 2018, at 2:00 p.m. (London time) – 9:00 a.m. (New York time) – 3:00 p.m. (Paris time).
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For added information:
Dassault Systèmes’ 3DEXPERIENCE platform, 3D architecture software, 3D Agenda Mock Up and Product Lifecycle Administration (PLM) solutions: http://www.3ds.com
About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE Company, provides business and bodies with basic universes to brainstorm acceptable innovations. Its world-leading solutions transform the way articles are designed, produced, and supported. Dassault Systèmes’ collaborative solutions advance amusing innovation, accretion possibilities for the basic apple to advance the absolute world. The accumulation brings amount to over 220,000 barter of all sizes, in all industries, in added
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