Dassault Systemes to acquire majority stake in Centric Software

Global 3D Experience major Dassault Systemes on Thursday said it will acquire a majority stake in Centric Software, a privately-owned company that provides product lifecycle management software solutions.

This investment is in line with Dassault Systemes mission to accelerate the digital transformation of companies.

Headquartered in California's Silicon Valley and with offices in 13 countries, Centric Software provides software solutions to more than 600 brands including Louis Vuitton and Tommy Hilfiger, among others.

"As we are connecting the dots of the value network for customers in 12 industries and 70 segments, we understand the specific needs of the sectors that launch their products by collection," said Bernard Charles, Vice Chairman and CEO, Dassault Systemes.

"Centric Software is joining us with a market-leading, well-tailored, configurable PLM solution and a great team of experts fully dedicated to making these particular customers successful," Charles said.

Centric's industry-specific collaborative PLM platform is used for merchandise planning, product specifications, materials management, product sourcing, cost scenarios, collection management, calendar management and quality management, on desktop and also optimised for mobile devices, to increase efficiency, accelerate time to market, and improve sales and product margins.

"By partnering with Dassault Systemes, Centric Software will have the backing of a world-leading innovation company," said Chris Groves, President and CEO, Centric Software.

--IANS

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