Prodways Group announced the launch of a European activity for the integration of the 3DEXPERIENCE platform Cloud solutions and the acquisition of a minority stake in the share capital of XD Innovation, a major partner of Dassault Systèmes in North America.
Dassault Systèmes’ 3DEXPERIENCE platform offers 3D design and engineering, manufacturing and production, simulation, governance and life cycle for professionals. Based on Dassault Systèmes’ technologies, the 3DEXPERIENCE can be used through an on-premise subscription or on Cloud.
Prodways Group is launching a new French company, XD Innovation Europe, focused on developing the 3DEXPERIENCE Cloud platform. “This new approach to design, favoring collaboration, mobility and the extended enterprise, will eventually enable designers to use their tools differently. With “on demand” use, through monthly subscriptions, we are changing the business model. It is a strategic decision for us to build an agile new entity in Europe, based on XD Innovation’s technical experience and the Prodways Group customer base,” explained Pierre-Marc Allain, Chief Executive Officer of XD Innovation Europe.
At the same time, Prodways Group announced the acquisition of a minority stake in the share capital of XD Innovation. Based in the United States, Canada and Mexico, XD Innovation is a Dassault Systèmes’ major Platinum Business Partner, specialized in Dassault Systèmes’ Cloud technologies thanks to an innovative sales and services policy and a training and certification center in Silicon Valley. Created in 2014, the XD Innovation group has around 30 employees and a portfolio of customers in drones, electric and autonomous vehicles, energy, aeronautics and the automotive industry. This company posted revenue of nearly $6 M in 2019, most of which was recurrent.
The partnership with Dassault Systèmes is strategic for Prodways Group. Controlling the creation, modification and simulation of the 3D file are major advantages for customers.