SAN DIEGO, CA – April 27, 2011. Software Equity Group, LLC (SEG) announced today that its client, Enginuity PLM, a leader in formula-based Product Lifecycle Management solutions widely acknowledged as best-in-class has been acquired by Dassault Systèmes (ENXTA: DSY), a world leader in 3D and PLM solutions. The amount of the transaction was not disclosed.
The addition of Enginuity expands Dassault Systèmes’ extensive suite of collaborative business process solutions based on its ENOVIA® V6 platform. With ENOVIA® and the Enginuity solution, formula-centric companies in the pharmaceutical, personal care, cosmetics, food and beverage, and flavor/fragrance industries will be able to accelerate product innovation and product launches while successfully navigating complex regulatory requirements and more effectively managing and leverageing their formula, packaging and consumer intellectual property in a single PLM solution.
“We believe that the acquisition of Enginuity represents a keystone in our PLM solution for formula industries, enabling us to expand the services and value that we deliver to our customers in this previously underserved space,” said Michel Tellier, CEO, ENOVIA®, Dassault Systèmes. “Additionally, this acquisition allows our core technology and offer a complete product definition for process industries including product, packaging and labeling.”
Dr. John Sottery, founder and CEO, Enginuity commented, “For the past 18 years we have focused on helping a number of the world’s largest and most successful formula based companies address a fundamental industry dilemma – how to accelerate innovation and reduce time-to-market while simultaneously navigating an increasingly complex global regulatory environment. By combining our best-in-class formula PLM solution and deep industry domain knowledge with Dassault Systèmes’ ENOVIA V6 PLM platform, I believe that we will revolutionize how our customers develop and launch formulated products.”
About Dassault Systèmes
As a world leader in 3D and Product Lifecycle Management (PLM) solutions, Dassault Systèmes brings value to more than 130,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systèmes applications provide a 3D vision of the entire lifecycle of products from conception to maintenance to recycling. The Dassault Systèmes portfolio consists of CATIA for designing the virtual product – SolidWorks for 3D mechanical design – DELMIA for virtual production – SIMULIA for virtual testing – ENOVIA for global collaborative lifecycle management, EXALEAD for search-based applications and 3DVIA for online 3D lifelike experiences.
Enginuity PLM provides a collaborative product development platform for global 2000 organizations in the formula-based, process manufacturing industries. Combining a global product development knowledge repository and powerful search engine with robust formula CAD, regulatory management and product launch functionality – the Enginuity® solution allows companies to accelerate product innovation and achieve real-time regulatory compliance, while significantly reducing time-to-market, raw material costs and total cost of ownership. The Engenuity product development software is used by leading cosmetics, consumer packaged goods (CPG), over-the-counter (OTC) drug, specialty chemical and pharmaceutical companies around the world. Customers include Shiseido subsidiary Zotos International, Revlon, Schering-Plough, Coty Inc., AkzoNobel, Energizer, Merck and Procter & Gamble (P&G).
About Software Equity Group
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, our firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. We have represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges. Software Equity Group also advises several of the world’s leading private equity firms. We are ranked among the top ten investment banks worldwide for application software mergers and acquisitions.
For more information: Allen Cinzori, Managing Director, Software Equity Group, 858-509-2800