Paris, France — ESI Group, pioneer and world-leading supplier of digital simulation software for prototyping and manufacturing processes, announced today the acquisition of Vdot, a software focused on development process management, from the US company Procelerate Technologies Inc.
For its development, Vdot has benefited from exceptional partnerships with organizations such as Boeing and the Lean Advancement Initiative at MIT, aimed at enhancing their development processes. Vdot users include the main aerospace manufacturers such as Boeing, NASA, and AVIC (China), along with automotive firms like Ford, Chrysler and Nissan.
The acquisition includes the entire development team, as well as its sales and marketing support team based in St Louis (Missouri, USA).
Through this deal, ESI Group is adding an essential component to its VisualDSS product, which is a unique aid to decision-making in the field of Computer Aided Engineering (CAE). Vdot is a project monitoring and execution platform that makes it easier for teams to reliably follow the right plan, performing tasks with the right data. It allows rapid, reliable decision-making by all actors of the PLM in general and specifically throughout the digital simulation process, enhancing project automation and completion. ESI Group already uses this tool internally to optimize development processes in its own new projects.
Financial information and terms of the deal
The deal is effective from 15 October 2008. ESI Group has acquired the Vdot software activities, along with related intellectual property rights, staff, specific hardware, licence contracts and distribution rights.
The deal involves an initial cash payment to Procelerate Technologies Inc, and an earn-out based on the performance of the Vdot business over the next five years. The deal is expected to be accretive to earnings from 2009.
MPF
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