CIMdata PLM Industry Summary Online Archive
30 June 2004
Acquisitions
UGS Completes Acquisition of D-Cubed
UGS announced the closing of its transaction to acquire D-Cubed, Ltd., a Cambridge, England-based supplier of embedded technology used by many of the world's leading computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) application developers.
Several prominent PLM industry analysts have hailed the strategic acquisition as a strong sign of UGS' commitment to invest in its growth while maintaining its leadership in providing open solutions to the PLM industry. A complete list of industry reaction is available at www.ugs.com/products/open/d_cubed/quotes.shtml
UGS announced its intention to acquire D-Cubed ( http://www.d-cubed.co.uk/ ) on June 8 and run the company as a wholly-owned subsidiary. (See announcement at ( http://www.ugs.com/about_us/press/press.shtml?id=3710 ) D-Cubed's software products will join UGS' PLM Components family of solutions, which include Parasolid®, PLM Vis, JT Open Toolkit and PLM XML SDK (a software development toolkit.)
"The closing of this transaction furthers our efforts to promote open solutions throughout our industry and represents a major milestone in UGS' PLM Open strategy and business model," said Bruce Feldt, vice president of Open Tools for UGS. "The addition of the D-Cubed team to UGS and the D-Cubed suite of component software to our family of PLM Components strengthens UGS' position as the PLM industry's principal supplier of state-of-the-art component software technology."
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