| Yesterday Dassault
Systemes (DS) announced that it had reached agreement to acquire, ABAQUS, the
privately held FEA software vendor located in Providence, RI, USA. DS agreed
to pay $418 million for the 415 employee company with projected sales for 2005
of $100 million USD. DS also announced the SIMULIA (pronounced sim-oo-lee-a)
Scientific Simulation Platform, an open architecture for FEA applications.
ABAQUS will retain
its name and operate as a wholly owned subsidiary, similar to DS's DELMIA, and
consolidate all of the simulation development activity and sales activity for
the DS process centric product line (CATIA). COSMOS will remain a part of SolidWorks
and focus on mainstream analysis.
The simulation
software market is estimated at $2.35 billion today and is expected to grow
to $4 billion in the next five years, with average growth of 12 percent per
year. |
