Product category:
CAD solid modelling software
News Release from: Dassault Systemes
Edited by the Manufacturingtalk Editorial
Team on 20 April 2004
Dassault Systemes and Rand Worldwide
joint venture
Dassault Systemes and Rand Worldwide Announce Joint Venture for PLM Sales in North America
Dassault Systemes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) and Rand A Technology Corporation, operating as Rand Worldwide (TSX: RND) today announced plans to create Rand North America ("Rand Americas"), a new joint venture focused on increasing sales of Dassault Systemes Product Lifecycle Management (PLM) software in North America Subject to closing of the proposed transaction, Rand Worldwide will transfer its North American PLM software sales business unit (approximately 55 employees) to Rand Americas, a new U.S
This article was originally published on Manufacturingtalk on 2 Aug 2006 at 8.00am (UK)
Related stories
Composites design software leads to manufacturing
Leading provider of composite and sheet metal components continues to reap DS CAA V5 partner benefits such as software that extends the reach of CATIA V5 composite design to manufacturing.
3D XML integrated with IBM Workplace
IBM and Dassault Systemes have announced the integration of 3D XML technologies into the IBM Workplace portfolio of software products and solutions, and IBM Lotus Notes.
company, 60% owned by Dassault Syst?mes and 40% owned by Rand Worldwide.
Dassault Systemes will pay Rand Worldwide CDN$11 million, as well as reschedule Rand Worldwide loan payments.
The goal of the new structure is threefold: to create a dynamic that will further improve PLM small-and-medium sized business (SMB) sales across the North American continent, to grow Dassault Systemes' PLM Solutions market share; and to reinforce Rand Worldwide's financial position.
Further reading
Electronic product 'time-to-market' reduced
Car audio manufacturer has reduced man-hours by 35% on new design of main plastics molded part of car audio using Integrated Mechanical Product Development software for electronics industry.
Initiative to change design and manufacture ideas
IBM and Dassault Systemes have a 'cross-industry' initiative aimed at fostering innovation and transforming the way their customers design, manufacture and deliver products to the market.
Rand Americas will operate as an IBM Business Partner selling Dassault Systemes PLM solutions as Rand Worldwide is today.
Rand Americas will become a subsidiary of Dassault Systemes.
Brian Semkiw, currently CEO and a director of Rand Worldwide, will become the new CEO of Rand Americas.
Rand Worldwide president Frank Baldesarra will become CEO of Rand Worldwide.
The transaction, which is expected to close on or before June 30, 2004, is subject to customary conditions, including documentation and approval by Rand Worldwide's Board of Directors.
The new arrangement involves neither Rand Worldwide's PLM software sales business in Europe and Asia-Pacific, nor any other parts of the company's global business operations.
"We believe that Dassault Systemes' continued commitment to Rand and to investing in the PLM market will significantly improve our North American business and, in turn, help us to return to global profitability and predictable growth," said Frank Baldesarra.
"Together, we will accelerate the sales of Dassault Systemes' best-in-class PLM solutions and Rand Worldwide's leading PLM services to the mutual benefit of all of our customers," said Brian Semkiw.
"The new structure will bring our two companies into even closer global partnership in the rapidly growing PLM marketplace." "After a successful transition, Rand is a key part of our global PLM software and service distribution plan.
The transaction further improves our position in North America and will help to generate a market dynamic that benefits all of our partners" said Etienne Droit, executive vice president, Sales and Services, Dassault Systemes.
• Dassault Systemes: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
