Dassault Systèmes

Dassault Systèmes SE
Societas Europaea (SE)
Traded as Euronext: DSY
CAC Next 20 Component
Industry CAD/CAM/CAE/ PLM Software
Founded 1981 (1981)
Headquarters Vélizy-Villacoublay, France
Key people

Bernard Charlès (Vice-chairman and CEO)

Charles Edelstenne (Chairman)
Products 3D design software, 3D Digital Mock-up and Product lifecycle management (PLM)
Revenue €3,242 million (2017)[1]
€672 million (2016)
€519,4 million (2017)
Total assets €6,94 billion (end 2016)
Total equity €3,88 billion (end 2016)
Number of employees
 16 140 (12/31/2017)
Parent Dassault Group
Website www.3ds.com

Dassault Systèmes (English: /dəˈsoʊ/; French pronunciation: ​[daˈso]; abbreviated 3DS), "The 3DEXPERIENCE Company", is a European software company headquartered in Vélizy-Villacoublay, France that develops 3D design, 3D digital mock-up, and product lifecycle management (PLM) software.

History

Dassault Systèmes (NYSE Euronext:DSY) is a subsidiary of the Dassault Group created in 1981 by Avions Marcel Dassault to develop a new generation of computer-aided design (CAD) software called CATIA. The French government, a shareholder since 2001, sold a 15.74% stake in the company for 601 million in 2003.[2] The Dassault Group in 2011 held 42.2%[3] shares. Dassault Systèmes moved its corporate headquarters from Suresnes to Velizy-Villacoublay in November 2008. This new European headquarters, located in the south-western suburbs of Paris, is commonly called 3DS Paris Campus. Another campus was established in 2011 in Waltham, Massachusetts, west of Boston (United States) and is called 3DS Boston Campus.

Dassault Systèmes develops and markets PLM software and services that support industrial processes by providing a 3D vision of the entire lifecycle of products from conception to maintenance. Dassault Systèmes customers are companies in the following industries: Aerospace & Defense, Architecture, Engineering and Construction, Consumer goods - distribution, FMCG - Distribution, Energy, and processes, Finance and Corporate Services, High Technology, Industrial Equipment, Life Sciences, Marine & Offshore, Natural Resources, and Transport & mobility.

Dassault Systèmes was a signatory to the French Small-Medium Enterprise business development Pact (SME Pact) in May 2008.

CAD/CAM period

Dassault Systèmes was incorporated in 1981 but in fact started in 1977 with 15 engineers from Avions Marcel Dassault - led by Francis Bernard, aircraft design engineer - who were in charge of providing support for the aircraft building process. While they were initially supposed to develop a 3D Computer-aided Design software (CATIA, then called CATI) just to help create designs, the engineers broadened the mission's scope to providing help to other industrial sectors.

At the end of 1980, the rumours surrounding CATIA reached the very top of the company and Marcel Dassault, then aged 88, asked for a demonstration of the software capabilities.[4] The company management understood the engineers' vision and started to discuss how to leverage their innovation.[4] They quickly realised they could not afford to keep and develop this invention internally and decided to create a new company - led by Francis Bernard - to explore the Computer-aided Design and Computer-aided Manufacturing market (CAD/CAM).

Dassault Systèmes thus got started in 1981 with only one customer (Avions Marcel Dassault) and 25 engineers who didn't know how to sell or commercialize their product.[5] Since Dassault was one of the major clients of IBM in France, an agreement was negotiated for IBM to sell CATIA. It was a non-exclusive licence with 50/50 revenue sharing where CATIA would be sold by IBM as an IBM product. This agreement was extremely successful for both companies and it is considered "one of the fundamental success factors in the history of Dassault Systèmes".[5]

CATIA started getting noticed in other sectors outside of aeronautical design, notably in the automotive industry[6] (BMW, Mercedes and Honda). The company used a step-by-step approach to get a start in other industries such as consumer goods, machinery, and shipbuilding. IBM itself became a customer in the mid 1980s and deployed CATIA in its engineering and manufacturing plants.[7]

Over the years, Dassault Systèmes improved its software and expanded to the US, Japan and Germany. This rapid growth triggered a chain of products, acquisitions, and partnerships beyond the company's core 3D CAD/CAM software and led to what is known today as Dassault Systèmes.

PLM Period

By the end of the 20th century, CAD/CAM had become too restrictive to be identified with Dassault Systèmes products. Then, in the early 2000s, it was replaced by PLM, the acronym for Product Lifecycle Management.[8] New brand names were added to address the full PLM spectrum: DELMIA to support manufacturing, ENOVIA to support internal and external collaboration, SIMULIA for Analysis and Simulation, SolidWorks for 3D modeling and 3DVIA for 3D visualization.

In 2007, along with the creation of the new brand 3DVIA, Dassault Systèmes started to get into online applications. PLM 2.0 was released, linked to the Web 2.0 "network as a platform" concept. The company used the advantages of the Internet and introduced online PLM with its Version 6 platform.[8] This strategy was also followed by many other acquisitions such as: the 2010 Exalead purchase to plunge deeper into Internet search technologies, the 2012 Netvibes purchase to monitor social media through dashboards, the 2012 Gemcom purchase to model and simulate the planet, and the 2013 SIMPOE for plastic injection simulation. In the same year Dassault Systèmes announced its first employment safeguard plan under the Law of Social Modernisation of 17 January 2002 as a result of its closure of its research laboratory in Grenoble.[9]

Key dates

  • 1981: Dassault Systèmes incorporation.
  • 1992: Dassault Systèmes acquired CADAM, a 2-Dimensional CAD/CAM software from IBM, and incorporated Dassault Systèmes Americas Corp.
  • 1997: Dassault Systèmes acquired SolidWorks, a developer of mechanical design solutions.[10]
  • 1998: Dassault Systèmes purchased IBM Product Data Management (PDM) assets and established Enovia Corporation[11]
  • 1999: Dassault Systèmes acquired Israeli company Smart Solutions Ltd. developer of SmarTeam, a PDM workflow software, which later also developed TeamWorks an integrated workflow solution for SolidWorks.[12]
  • 2000: the DELMIA brand was launched in order to address the digital manufacturing domain following a series of three acquisitions, including (i) Deneb Robotics, a U.S. company specializing in robotic simulation, (ii) Safework, a Canadian company specializing in human modeling technology, and (iii) EAI-DELTA, a German company specializing in manufacturing process management software. In the same year, Dassault Systèmes also acquired Spatial Technology, a U.S. company developing and selling software components, including ACIS.
  • 2002: Geometric and Dassault Systèmes established a joint venture called 3dPLM Software Solutions Ltd., which was set up with an equity participation of 58% and 42% respectively.
  • 2005: Dassault Systèmes acquires Abaqus Inc.[13] and from it creates the SIMULIA brand. In the same year it also acquired Virtools SA.
  • 2006: Dassault Systèmes acquires MatrixOne Inc. to create the next generation of its ENOVIA brand.[14]
  • 2006: Dassault Systèmes acquires Dynasim AB, a Swedish modeling and simulation software company best known for the Modelica-based tool Dymola.
  • 2007: Dassault Systèmes launched the 3DVIA brand and at the same time acquired Seemage,[15] a leader in the creation of 3D interactive product documentation, and from it launches the 3DVIA Composer product line. Virtools is added to the 3DVIA brand and becomes 3DVIA Virtools. In the same year, Dassault Systèmes also acquired ICEM Ltd, a UK company well known in the automotive industry for its styling, surface modeling and rendering software.
  • 2010: Dassault Systèmes acquired Exalead Inc.[16] In the same year, it also acquired IBM's sales and support force (all support contracts and around 700 employees) for the PLM (Product Lifecycle Management) software business.
  • 2011: Dassault Systèmes acquires Intercim LLC and Enguinity PLM.[17][18]
  • 2011: Dassault Systèmes and Gehry Technology signed an agreement allowing each of them to sell the product Digital Project through their own sales channels.[19]
  • 2012: Dassault Systèmes acquires Netvibes.[20][21]
  • 2012: Dassault Systèmes acquires Gemcom.[22]
  • 2013: Dassault Systèmes acquires FE Design
  • 2013: Dassault Systèmes acquires Safe Technology Limited
  • 2013: Dassault Systèmes acquires Simpoe
  • 2013: Dassault Systèmes acquires Apriso.[23]
  • 2014: Dassault Systèmes acquires Accelrys and combines it with BioPLM to create the BIOVIA brand.[24]
  • 2014: Dassault Systèmes acquires SIMPACK.[25]
  • 2014: Dassault Systèmes acquires Quintiq.[26]
  • 2014: Dassault Systèmes acquires RTT AG.
  • 2015: Dassault Systèmes acquires Modelon GmbH.[27]
  • 2015: Dassault Systèmes changes legal status to European Company (societas Europaea)[28]
  • 2016: Dassault Systèmes acquires 3DPLM Software Solution ltd.[29]
  • 2016: Dassault Systèmes acquires Ortems.[30]
  • 2016: Dassault Systèmes acquires CST.[31]
  • 2016: Dassault Systèmes acquires Next Limit Dynamics.[32]
  • 2017: Dassault Systèmes acquires Exa Corporation.[33]
  • 2017: Dassault Systèmes acquires No Magic.[34]
  • 2018: Dassault Systèmes acquires Opera FEA.[35]
  • 2018: Dassault Systèmes acquires majority stake in Centric Software.[36]

Brands

  • CATIA was Dassault Système's initial product. It is a PLM solution for 3D collaborative creation. CATIA addresses the product development process, from early product concept specification through to product in service.
  • SolidWorks products span 3D mechanical design software, simulation, product data management, and collaboration. They are generally offered as a suite of products, scaled to the customer's needs. Customers can choose to add other SolidWorks products providing additional simulation and PDM capabilities. They are used by companies in the machinery, medical, consumer, tool and die, electrical and power sectors, and by suppliers to the aerospace and automotive industries.
  • DELMIA is a factory simulation software which resulted from the acquisition of Deneb, Delta, and SafeWork. DELMIA is the Company's PLM digital manufacturing software. It allows manufacturers to virtually define, plan, create, monitor and control all production processes, from the early process planning and assembly simulation to a complete definition of the production facility and equipment.
  • ENOVIA is for collaborative management and global life cycle (PLM) with the historical VPM (Virtual Product Management) and its successor VPLM as well as DMU which came from the SmartTeam and MatrixOne acquisitions. ENOVIA provides a framework for collaboration for Company's PLM software. It is an online environment that involves creators, collaborators and consumers in the product lifecycle.
  • SIMULIA for virtual testing and simulation was a result of the acquisition of Abaqus in 2005. SIMULIA automates standard simulation processes and can be deployed across any organization, distributing workload across the computing resources, and managing the simulation results to improve collaborative decision making. It is designed to meet companies' needs for realistic product and process simulation software and to make realistic simulation more readily accessible through integrated and collaborative simulation applications.
  • 3DEXCITE for marketing software, solutions and high end Computer Generated Imagery (CGI). The Company's 3DEXCITE portfolio has a wide range of software best known by Deltagen, through to a range of widely deployed marketing solutions for automated content creation, Digital Retail solutions and Customer Journey connectivity across all media channels.
  • 3DVIA's objective is to bring 3D technology to new users, businesses and consumers. The Company's 3DVIA portfolio has a range of software as detailed in the 3DVIA article. The three most well known are:
3DLive, a suite of products designed to help individuals across the enterprise to search, navigate and collaborate in 3D in real-time over the Internet (for PC and Mac);
3DVIA Composer, which enables users to deliver assembly procedures, technical illustrations, and marketing materials using 3D images and other 3D data that remain compatible with other products.
3DVIA.com, a community Web site dedicated to 3D artists and enthusiasts and to find, share and create 3D interactive experiences.
  • EXALEAD is an infrastructure for search engines with search-oriented applications and Internet. Exalead is a provider of information access software for the enterprise and the Web.
  • NETVIBES provides intelligent dashboards to monitor and manage Web information in real-time.
  • GEOVIA delivers solutions to model and simulate the planet, primarily to support mining.
  • 3DSWYM is a social platform to share internal and external information.
  • BIOVIA provides a scientific collaborative environment for biological, chemical and materials experiences. Its customers include companies within pharmaceutical and biotechnology industries; chemicals; consumer packaged goods; food and beverage; energy, and high-tech industries, including semiconductor and electronics industries; to transportation & mobility industries, aerospace and academic/government sectors.[37]
  • Quintiq provides planning and scheduling software focused mainly around logistics , manufacturing and workforce planning

Products

  • DraftSight is a free 2D CAD program that is free to individuals and compatible with the Autodesk-oringated, AutoCAD .DWG file format. It's useful for professional CAD users, students and educators. It runs on Windows, Linux, and Mac OS X.
  • CAA V5, a development environment allowing CATIA, DELMIA and ENOVIA to interface with other applications using C++ and Java.
  • Spatial, represents a grouping of components of modelling and 3D visualisation. This brand resulted from the acquisition in 2000 of Spatial Technology who owned the modelling software ACIS.
  • Perfect Order, an industry solution experience for natural resources that helps mining companies improve supply chain efficiency and profitability.[38]

Passion for Innovation Program

Passion for Innovation is a corporate initiative which aims at harnessing Dassault Systèmes' technology for developing research, education, culture and arts.[39]

The program started with a disabled employee who couldn't drive a sports car because of his physical issue.[40] He developed a new clutch system that would allow him to drive, but needed to test it virtually beforehand, as road testing of such a vital modification would be very dangerous. He was granted free access to CATIA to design his idea, which allowed him to eventually drive a sports car.

This has led to the creation of Passion for Innovation with the development of about 20 projects such as "Xplorair", "Khufu", "Ice Dream",[41] and "Paris 3D Saga".[42]

Dassault Systèmes Campus

Dassault Systèmes has three sites as headquarters: one in Europe (Vélizy-Villacoublay, France), one in North America (Waltham, Massachusetts), and one in Asia (Tokyo, Japan).

European headquarters

Dassault Systèmes headquarters are in Vélizy-Villacoublay, located in the south-western suburbs of Paris, France. Most of the employees who work there are under 40 years old. The campus is made up of four environmentally-certified HQE buildings with 45,000 square metres of land within the complex, and is often referred to as the Dassault Systèmes Campus. This campus is commonly called the 3DS Paris Campus.[43] Each building is named after one of the four main elements (water, earth, air and fire), which together total 57,000 square metres of office space. One of the buildings has an area called "LIVES" (Lifelike Immersive Virtual Experience Space) which is a demonstration centre equipped with virtual reality technology.[44] A fifth building has been added to the campus: it is called "metal" and will be operational starting May 2017.

American Headquarters

Dassault Systèmes headquarters in North America is located in Waltham, Massachusetts, to the west of Boston, United States of America. 800 employees plus contractors and interns work in a building designed as an arc and where overall energy use is reduced by 29 percent. This campus has a green area (27-acres (~110,000 m2)) and is called 3DS Boston Campus.[45]

Asian Headquarters

Dassault Systèmes headquarters in Asia is located in Shanghai, China.

Corporate information

Holdings

The list below sets forth the Company's main subsidiaries and also indicates the percentage equity interest and voting rights directly or indirectly held by Dassault Systèmes SA.[46]

  • Dassault Data Services SAS (France) – 95%
  • Dassault Systèmes Americas Corp. (US) – 100%
  • Dassault Systèmes Services LLC (US) – 100%
  • Dassault Systèmes Deutschland GmbH (Germany) – 100%
  • Dassault Systèmes SolidWorks Corp. (US) – 100%
  • Dassault Systèmes K.K. (Japan) – 100%
  • Dassault Systèmes Enovia Corp. (US) – 100%
  • SolidWorks Japan K.K. (Japan) – 100%
  • Dassault Systèmes Delmia Corp. (US) – 100%
  • Dassault Systèmes Korea Corp. (Korea) – 100%
  • Dassault Systèmes Simulia Corp. (US) – 100%

Company management

  • Chairman of the Board of Directors: Charles Edelstenne
  • Vice Chairman & Chief Executive Officer: Bernard Charles
  • CFO: Thibault de Tersant
  • President, R & D Director: Dominique Florack

Financial data

Dassault Systèmes is the largest French software publisher in terms of revenue: it is five times greater than that of the second largest.[47]

Financial data (IFRS)
Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Gross Turnover (Millions of Euros) 796.6 934.5 1,157.8 1,258.8 1,334.8 1,251.3 1,563.8 1,783.5 2,028.3 2,066.1 2,294.3
Net Income (Millions of Euros) 144.4 156.2 174.3 176.7 200.5 169.7 220.5 289.2 334.2 352.3 291.3
Equity (Millions of Euros) 700.0 886.0 1,013.3 1,116.9 1,308.9 1,447.7 1,790.4 2,066.2 2,364.8 2,610.5 2,943.5
Net Debt 0 0 0 0 0 0 0 0 0 0 0

Market data

Share of Dassault Systemes S.A., ADS, OTC, (Symbol: DASTY) Shares of Dassault Systemes S.A., OTC, (Symbol: DASTF)

Shares listed on the NYSE Euronext exchange (Symbol: DSY is for Destiny Media Technologies Inc.) Member index CAC Next 20 ISIN Code Value = FR000130650 Nominal value = euro Main shareholders: ( 2014 ): Floating 51.7%, GIMD (Groupe Industriel Marcel Dassault) 41.1%, Charles Edelstenne 6.1%, Bernard Charlès 1.1%.

Market Data as at 1 January
Year 2009 2010 2011 2012
Shares Traded (millions) 118.4 121.3 123.1
Market Capitalisation (billions of Euros) 4.7 6.8 7.6
Number of Daily Transactions 260,297 237,242 254,652
Diluted EPS non-IFRS (Euros) 1.86 2.50 2.92 3.37

See also

References

  1. ↑ "Dassault Systèmes Annual Report 2016" (PDF). February 5, 2017.
  2. ↑ (in French) Dassault Systèmes : satisfait de la vente de la participation de l'Etat, boursier.com, September 4, 2003
  3. ↑ (in French) Document de référence 2011 Archived 2012-12-02 at the Wayback Machine. Dassault Systemes
  4. 1 2 Deelip Menezes, The Dassault Systèmes Success Story, Part 5,deelip.com, November 27, 2010
  5. 1 2 Deelip Menezes, Dassault Systèmes Success Story, Part 6,deelip.com, November 27, 2010
  6. ↑ (in French) Bertrand Garé, Dassault Systèmes: l'histoire d'une réussite unique, linformaticien.com, November 1, 2008
  7. ↑ Deelip Menezes,The Dassault Systemes Success Story, Part 7, Deelip.com, November 27, 2010
  8. 1 2 Deelip Menezes, The Dassault Systèmes Success Story, Part 8, Deelip.com, November 27, 2010
  9. ↑ (in French) O.P. Le désarroi des salariés de Dassault Systèmes, Ledauphine.com, April 20, 2012
  10. ↑ Dassault Systemes signs definitive agreement to acquire SolidWorks, 3ds.com, June 24, 1997
  11. ↑ IBM and Dassault Systemes Create new Strategic Alliance to Address PDM II Market, 3ds.com, February 25, 1998
  12. ↑ Dassault Systemes Signs Definitive Agreement to Acquire a Majority Interest in Smart Solutions Ltd., BusinessWire, April 19, 1999
  13. ↑ "Archived copy". Archived from the original on July 16, 2011. Retrieved March 14, 2011.
  14. ↑ Dassault Systemes Announces Completion of Merger with MatrixOne Business Wire, May 11, 2006
  15. ↑ (in French) Jérôme Bouteiller,Dassault Systèmes rachète Seemage, spécialiste de la documentation produit 3D, Clubic.com, October 2, 2007
  16. ↑ "Archived copy". Archived from the original on May 26, 2011. Retrieved March 14, 2011.
  17. ↑ "Intercim - Blog about CAD software" (PDF). Intercim.com. Retrieved 8 June 2016.
  18. ↑ Dassault Systemes Acquires Enginuity PLM Archived 2011-08-07 at the Wayback Machine., 3ds.com, April 27, 2011
  19. ↑ "Partnering for success". Gehry Technologies Experiences Exponential 25 Percent Year over Year Revenue Growth. Gehry Technologies. Archived from the original on 25 April 2013. Retrieved 16 May 2012.
  20. ↑ Dassault Systèmes Acquires Netvibes Archived 2012-02-12 at the Wayback Machine. 3ds.com February 9, 2012
  21. ↑ Freddy Mini, Netvibes is now part of Dassault Systèmes Netvibes Blog, February 9, 2012
  22. ↑ Dassault Systèmes To Acquire Gemcom Software International, 3ds.com, April 24, 2012
  23. ↑ Dassault Systèmes to Acquire Apriso, 3ds.com, May 29, 2013
  24. ↑ Dassault Systèmes Introduces BIOVIA; Combines Accelrys and BioPLM, Powered by the 3DEXPERIENCE Platform, 3ds.com, May 21, 2014
  25. ↑ Dassault Systèmes Completes Acquires SIMPACK, 3ds.com, July 11, 2014
  26. ↑ Dassault Systèmes Completes Quintiq Acquisition, 3ds.com, October 21, 2014
  27. ↑ Dassault Systèmes Acquires Modelon GmbH, 3ds.com, April 23, 2015
  28. ↑ "Dassaul Systèmes to change legeal status to European company". 3ds.com (Press release). May 29, 2015.
  29. ↑ "Dassault Systèmes to Acquire Full Ownership of 3DPLM Software, its Joint Venture with Geometric Ltd". 3ds.com. Retrieved 8 June 2016.
  30. ↑ Qureshi, Waqas (6 June 2016). "Dassault Systèmes acquires Ortems". PackagingNews. Retrieved 10 June 2016.
  31. ↑ url=https://finance.yahoo.com/news/dassault-syst-mes-acquire-cst-050000792.html Archived 2016-10-17 at the Wayback Machine.
  32. ↑ url=http://www.3ds.com/press-releases/single/dassault-systemes-enriches-computational-fluid-dynamics-simulation-on-the-3dexperience-platform/
  33. ↑ https://www.3ds.com/press-releases/single/dassault-systemes-to-acquire-exa-corporation/
  34. ↑ url=https://www.3ds.com/press-releases/single/dassault-systemes-strengthens-foothold-in-systems-engineering-to-facilitate-new-connected-experienc/
  35. ↑ https://operafea.com/opera-story/opera-joins-ds-a-letter-to-our-customers/
  36. ↑ url=https://www.3ds.com/press-releases/single/dassault-systemes-and-centric-software-come-together-to-accelerate-digital-transformation-of-fashio/
  37. ↑ Dassault Systèmes 2014 Annual Report, 3ds.com
  38. ↑ "Dassault Systèmes Launches "Perfect Order" Industry Solution Experience for Mining Supply Chain Optimization".
  39. ↑ Programs: Passion for Innovation Archived 2011-08-06 at the Wayback Machine. 3ds.com
  40. ↑ Passion for Innovation: The Neoclutch Driving System 3ds.com
  41. ↑ Passion for Innovation: The Projects Archived 2011-08-06 at the Wayback Machine. 3ds.com
  42. ↑ "Paris 3D - Dassault Systèmes". Paris.3ds.com. Retrieved 8 June 2016.
  43. ↑ Dassault Systèmes Campus at Paris 3ds.com
  44. ↑ Lifelike Immersive Virtual Experience Space Lab at Dassault Systèmes Campus 3ds.com
  45. ↑ "3DS Boston Campus". 3ds.com. Retrieved 8 June 2016.
  46. ↑ "Archived copy" (PDF). Archived from the original (PDF) on January 31, 2013. Retrieved October 19, 2012.
  47. ↑ "Liste éditeurs de logiciels". Analyse-sectorielle.fr. Retrieved 8 June 2016.
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