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| Parpia
says
the backing of the DS Group will ensure that cash registers
jingle from Day 1 |
Geometric
Software Solutions (Geometric), a specialist in Product Lifecycle
Management (PLM) software development and Dassault Systemes,
the world’s leading provider of 3d PLM solutions, have
announced the signing of a joint venture resulting in the
formation of a new company. To be named 3D PLM Software Solutions
(3D PLM), the company will have an initial equity base of
Rs 1.30 crore, of which Geometric and Dassault Systemes (DS)
will hold 70 and 30 percent respectively. Importantly, 3D
PLM will start operations with a mandate of software development
for the DS Group, thereby allowing the new company to generate
revenues from day one.
Manu Parpia, managing director, Geometric, will in addition
to his current role, steer 3D PLM, as its managing director.
He says, “We believe this joint venture reinforces our
strategy to build expertise in the PLM space, while seeking
to build alliances with market leaders. After a satisfying
association with two DS Group companies, SolidWorks and Spatial,
we are pleased to now extend Geometric’s capabilities
across the DS Group.”
Bruno Latchague, executive vice president-R&D, DS said,
“Geometric has greatly contributed to the success of
different brands in the DS Group through an outstanding partnership.
The creation of 3d PLM Software is the next logical step in
this partnership, allowing our global company to leverage
the technical expertise Geometric has proven it can deliver
to the DS Group. 3D PLM will increase our R&D capacity
by bringing dedicated and focused skills and resources.”
3D PLM will function as a virtual extension of DS Group’s
R&D team, developing in a single distributed environment
within the DS extended enterprise.
The new company will commence operations in February 2002,
with projects on DS Group’s leading-edge solutions, CATIA
and ENOVIA.
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