Dassault Systèmes acquires Safe Technology
9 September 2013Tweet
Dassault Systèmes has acquired UK-based Safe Technology, a leader in fatigue simulation for predicting product durability. Safe Technology, the developer of the fe-safe durability simulation application suite, was acquired in an all-cash transaction that completed on 7 August 2013. The amount of the transaction was not disclosed.
‘Safe Technology has been working closely with Dassault Systèmes and its Simulia applications for more than 15 years and in that time has developed cutting edge technology that we deliver to a global customer base. We enjoy significant synergy with Dassault Systèmes business strategy and ethos and as such, we are proud to be joining their operation. Dassault Systèmes is committed to keeping fe-safe at the forefront of fatigue technology as well as to delivering an open solution that supports all the leading FEA solvers,’ said John Draper, founder and CEO, Safe Technology.
‘Acceleration of product development, integration of fatigue solutions into designer-orientated software tools and a high quality, global support network are critical to our growth plans, and being part of Dassault Systèmes and its Simulia team will enhance our ability to do all three.’