Dassault Systèmes, a French technology company, completed its acquisition of IQMS, manufacturer of ERP software, for $425m. With the acquisition of the California-based IQMS, Dassault Systèmes extends the 3DEXPERIENCE platform to small and midsized manufacturing companies seeking to digitally transform their business operations. “We must no longer think of industry as a set of means of production, but as a process of value creation. This applies not only to disruptive startups and established corporations but also to the hundreds of thousands of mainstream manufacturers that produce parts integral to the development of new consumer experiences. The IQMS Manufacturing ERP portfolio rebranded as DELMIA WORKS is part of this new business application family to serve the mainstream manufacturers,” Bernard Charlès, Dassault Systèmes Vice Chairman and CEO.