The company Dassault Systèmeshas announced an agreement to acquire a controlling stake in the company Centric Software– market leader in the field of digital transformation in the fashion, luxury goods industry and retail. Corporations plan to combine their efforts in order to accelerate the digital transformation of companies that are looking for new solutions for the increasingly complex process of creating collections that can meet modern trends and consumer needs in a market whose total volume is estimated at several billion dollars.

The company Centric Software with headquarters in Silicon Valley (USA, California)It has offices in 13 countries and develops software solutions for product lifecycle management, which are used by more than 600 internationally recognized brands, including ASICS, Bass Pro, Belle China, Bestseller, Etam, Kate Spade, Loblaws, Louis Vuitton, Michael Kors, Samsonite, Ted Baker, Tommy Hilfiger and others. The specialized Centric PLM platform for collaboration is used for merchandising planning, work on product specifications and cost scenarios, materials management, product procurement, collections management, deadlines and quality. The platform, available on desktops and mobile devices, helps manufacturers to increase work efficiency, accelerate the launch of new products to the market, increase sales and profits.

Comments Bernard Charl (Bernard Charlès), Vice Chairman and Chief Executive Officer of Dassault Systèmes: "Considering that our partners work with clients from 12 industries and 70 segments, we we are well aware of the specific needs of companies that regularly launch new collections. Centric Software joins us with their innovative configurable PLM solution and an excellent team of experts who will help these particular customers achieve success. Together, we will accelerate their digital transformation through PLM and help create even more value in 3DEXPERIENCE industry processes. As was the case with SOLIDWORKS twenty years ago, we intend to maintain the independent management of Centric Software.

Today's consumers know more about products than ever. They quickly form new trends and follow them, and this is all in a world where the line between the virtual and the physical is gradually blurring. Competitive clothing manufacturers and in-demand brands are trying to meet consumers' expectations regarding trending products, increasing the number of collections created every year and accelerating their market launch. This task requires lightning-fast solutions and flexible business processes that will allow you to create and launch new products, without reducing their profitability and quality.

Commenturet Chris Groves, President and CEO of Centric Software:"Thanks to cooperation with Dassault Systèmes, we will receive the support of a leading innovative company.Our combined experience in the field of digital transformation, as well as PLM solutions and the 3DEXPERIENCE platform will accelerate the development of market-demanded innovations that will help our clients achieve a competitive advantage and will contribute to the growth of their business.