International Business Machines (
IBM) has agreed to sell off its sales and client support operations to Dassault Systèmes, a leading provider of 3D software and Product Lifecycle Management (PLM) solutions. The acquisition will fetch approximately $600 million.
Under the agreement, Dassault will acquire IBM’s PLM software application portfolio as well as customer contracts and related assets. The transaction is expected to be completed by the first half of 2010.
With this strategic partnership, IBM will significantly expand its 25-year relationship with Dassault. Moreover, the integration of IBM’s PLM sales operations into Dassault’s business will encourage growth, improve customer service and expand channel efficiency.
Through this integration, IBM plans to focus on its PLM infrastructure leveraging IBM's middleware offerings with Websphere (SOA), Information Management (DB2), Tivoli, Rational, Lotus Domino and Sametime.
IBM also plans to establish DS as an IBM Global Alliance Partner and expand ...
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