(RTTNews) -  Dassault Systemes (DASTY.PK: News ) announced that it has signed deal with International Business Machines Corp. (IBM: News ) to acquire IBM sales and client support operations encompassing DS's Product Lifecycle Management software application portfolio, and customer contracts and related assets, for about $600 million in cash. The transaction is expected to be completed in the first half of 2010.

Pursuant to deal, IBM and DS expect to continue to jointly invest in developing and supporting client PLM environments, delivering integrated PLM solutions to clients worldwide.
After completion of the transaction, DS PLM customers will benefit from simplified engagement and support processes for DS's market-leading PLM product portfolio.

Click here to receive FREE breaking news email alerts for Dassault Systemes SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com