Dassault Systèmes is to acquire a majority stake in Centric Software, a provider of product lifecycle management (PLM) software for the fashion, apparel, luxury and retail sectors.
With this investment, Dassault Systèmes says it aims to accelerate the digital transformation of companies seeking solutions for the increasingly complex development of collections that respond to today’s on-trend and on-demand consumers, representing a multi-billion dollar total addressable market.
Centric’s platform is currently used by over 600 customers including ASICS, Etam, Louis Vuitton, Ted Baker and Tommy Hilfiger. It offers functionality for merchandise planning, product specifications, materials management, product sourcing, cost scenarios, collection management, calendar management and quality management.
“As we are connecting the dots of the value network for customers in 12 industries and 70 segments, we understand the specific needs of the sectors that launch their products by collection,” said Bernard Charlès, vice chairman and CEO at Dassault Systèmes. “Centric Software is joining us with a market-leading, well-tailored, configurable PLM solution and a great team of experts fully dedicated to making these particular customers successful. Together, we are going to accelerate their transformation with PLM and create even more business value with our 3DEXPERIENCE industry processes. As we did for SOLIDWORKS 20 years ago, we will keep Centric Software independently operated.”
“By partnering with Dassault Systèmes, Centric Software will have the backing of a world-leading innovation company,” added Chris Groves, president and CEO, Centric Software. “Our combined expertise in digital transformation, PLM and the 3DEXPERIENCE platform will allow us to accelerate the development of market-driven innovations to help our customers develop a competitive advantage and fuel growth.”