Dassault Systemes buying Engineous Software for $40 million

French logistics software company Dassault Systemes (www.3ds.com) is buying Cary, N.C. based Engineous Software (www.engineous.com) for $40 million. Dassault says Engineous will become part of its simulation software business, SIMULIA, based in Providence, R.I.

Engineous, a spinoff from General Electric, developed automation, integration and optimization applications. Chief executive officer Janet Wylie will leave the company, while co-founder Siu Tong will stay in a R&D role.

Engineous has more than 90 employees, 51 in Cary. Most of the employees are expected to stay with the new company.

The deal is expected to close in July.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish