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by Jeff Moad, MA Editorial Staff
Posted on Thursday, June 29, 2006 5:31:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Seeking to push into new markets and expand the functionality of existing products, major product lifecycle management (PLM) market players Agile Software Corp. and Dassault Systemes this week made significant acquisitions. Agile (San Jose, CA) said it will pay up to $27.5 million for Prodika Inc., a vendor of PLM tools mainly for the food and beverage industry. Dassault (Paris), meanwhile, said it has acquired Dynasim AB, a maker of modeling and simulation software. Dassault did not reveal how much it paid for Dynasim. Agile's acquisition of Dallas-based Prodika -- scheduled to be completed Friday (June 30) -- continues the company's strategy of focusing on specific vertical industries. Historically, Agile has targeted high-tech manufacturers and, more recently, has added to its product line compliance and other features required by makers of medical devices and other life sciences products. Consumer products goods manufacturers, however, have not been a significant market for Agile. Revenue from CPG manufacturers in recent years has averaged about 5% of Agile's total, said Sarvesh Jagannivas, vice president of industry and field marketing. [Click to continue] |
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