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Thursday, Jan 24, 2002

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Geometric Software pact with Dassault

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Mr Francis Bernard , Executive Advisor, Dassault Systems (left), and the Managing Director of Geometric Software, Mr Manu Parpia, at a press conference held in Mumbai on Wednesday.

MUMBAI, Jan. 23

GEOMETRIC Software Solutions Ltd on Wednesday announced setting up of a joint-venture company — 3d PLM Software Solutions — with Dassault Systems (DS), a Nasdaq-listed French multinational for software development for the DS group of companies.

The new company will have an initial equity based of Rs 1.3 crore of which Geometric and DS will hold 70 and 30 per cent respectively.

3d PLM Software Solutions will be subsidiary of Geometric Software.

Announcing the joint venture here, Mr Manu Parpia, Managing Director, Geometric said, ``We believe this joint venture reinforces our strategy to build expertise in the PLM space, while seeking to build alliances with market leaders''.

Mr Bruno Latchague, Executive Vice-President (R&D), DS said, ``Geometric has greatly contributed to the success of different brands through an outstanding partnership.''

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