Dassault Systèmes announced that it has entered into a definitive agreement for the acquisition of IQMS, a leading manufacturing ERP software company, for $425 million. With the acquisition of the California-based IQMS, Dassault Systèmes extends the 3DEXPERIENCE platform to small and midsized manufacturing companies seeking to digitally transform their business operations.
IQMS’s software – on premise EnterpriseIQ and software as a service WebIQ – deliver an all-in-one solution to mid-market manufacturers for managing engineering, manufacturing and business ecosystems by digitally connecting order processing, scheduling, production and shipping processes in real time. By integrating IQMS’s solutions into the 3DEXPERIENCE platform on the cloud, Dassault Systèmes will provide these manufacturers with a system for operations that helps improve the collaboration, manufacturing efficiency and business agility needed to serve their customers successfully. The manufacturers also gain the flexibility to rapidly scale up as a business grows.
Dassault Systèmes will help IQMS expand its customer base by leveraging the presence in the mid-market space achieved with Dassault Systèmes’ SOLIDWORKS applications, which are delivered and supported by the company’s Professional Solutions global partner channel.
The purchase price of IQMS will be paid in cash. Completion of the transaction is subject to customary conditions precedent, including antitrust approval in the U.S. Closing of the transaction is expected in early 2019.