FOR RELEASE Wednesday, June 30, 2004
PLANO, Texas – UGS, a leading global provider of product lifecycle management (PLM) software and services, today 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 sample of industry reaction is shown below with a more complete list at www.ugs.com/products/open/d-cubed/quotes.shtml.
UGS announced its intention to acquire D-Cubed (www.d-cubed.co.uk)on June 8 and run the company as a wholly-owned subsidiary. (See complete announcement.) 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 transactionfurthers our efforts to promote open solutions throughout our industryand 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.”
UGS is a leading global provider of product lifecycle management (PLM) software and services with more than 3 million licensed seats and 42,000 clients worldwide. The company promotes openness and standardization and works collaboratively with its clients in creating enterprise solutions enabling them to transform their process of innovation and thus begin to capture the value of PLM.
Note: Parasolid is a registered trademark of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.