French firm agrees to buy IQMS for $425 mil­lion

The Tribune (SLO) - - Front Page - BY KAYTLYN LES­LIE

French soft­ware com­pany Das­sault Sys­tèmes an­nounced Tues­day it has en­tered into a de­fin­i­tive agree­ment to buy Paso Robles-based soft­ware com­pany IQMS for $425 mil­lion in cash.

Ac­cord­ing to a news re­lease, Das­sault ac­quired the lo­cal com­pany to add its man­u­fac­tur­ing soft­ware to the larger com­pany’s 3DEXPERIENCE plat­form.

The pur­chase will alow Das­sault to ex­tend its 3D mar­ket­place to small and mid­size man­u­fac­tur­ers, and “pro­vide these man­u­fac­tur­ers with an af­ford­able sys­tem for op­er­a­tions that im­proves the col­lab­o­ra­tion, man­u­fac­tur­ing ef­fi­ciency and busi­ness agility needed to serve their cus­tomers suc­cess­fully,” ac­cord­ing to the re­lease.

“IQMS has cul­ti­vated a deep knowl­edge of man­u­fac­tur­ing and man­u­fac­turer needs,” Das­sault Vice Chair­man and CEO Bernard Char­lès said in the re­lease. “We wel­come IQMS to our team as we cre­ate a new cat­e­gory of busi­ness so­lu­tions that ex­pands our of­fer for com­pa­nies sim­i­lar to those us­ing SOLIDWORKS. They can em­brace the plat­form phe­nom­e­non and flour­ish in to­day’s in­dus­try re­nais­sance.”

IQMS de­signs and de­vel­ops plan­ning and man­age­ment soft­ware (ERP) and com­put­er­ized man­u­fac­tur­ing sys­tems (MES) for the au­to­mo­tive, med­i­cal, pack­ag­ing, con­sumer goods and other mar­kets.

It was founded in

South­ern Cal­i­for­nia by Randy and Nancy Flamm in 1989, be­fore it moved to Paso Robles in 1995. The Flamms left the com­pany in 2015, though Randy Flamm still serves as its chair­man of the board.

In 2017, IQMS re­ported an an­nual rev­enue of $59.8 mil­lion and em­ployed 315 peo­ple, ac­cord­ing to pre­vi­ous Tri­bune re­ports.

The com­pany has of­ten been rec­og­nized as one of the fastest grow­ing com­pa­nies in the coun­try. In Au­gust, it was ranked 4,794th on Inc. Mag­a­zine’s list of the 5,000 fastest grow­ing busi­nesses in the United States, mark­ing its eighth ap­pear­ance on the list.

“For years, our busi­ness has been com­mit­ted to max­i­miz­ing our man­u­fac­tur­ing cus­tomers’ suc­cess by de­liv­er­ing a com­pre­hen­sive man­u­fac­tur­ing ERP sys­tem built specif­i­cally for the mid-mar­ket man­u­fac­tur­ers and backed by ex­ten­sive sup­port and ed­u­ca­tional ser­vices,” IQMS Pres­i­dent and CEO Gary Nem­mers said in the re­lease. “As part of Das­sault Sys­tèmes, we can take the next steps in pro­vid­ing cus­tomers with new ap­proaches to achiev­ing op­er­a­tional ef­fi­ciency and ef­fec­tive­ness and do­ing so with a global reach.”

Com­ple­tion of the trans­ac­tion is still sub­ject to antitrust ap­proval. The trans­ac­tion is ex­pected to close in early 2019.


IQMS in Paso Robles was founded by Randy and Nancy Flamm. The com­pany is now be­ing sold to French soft­ware com­pany Das­sault Sys­tèmes.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.