Dassault CEO expects business to increase 30% in Latin America

- Thursday, May 19, 2011

Dassault CEO expects business to increase 30% in Latin America

French software provider Dassault Systemes (DS) CEO Bernard Charles plans to grow the business 30% this year in Latin America and to keep incorporating young professionals into the 3D solution company.

According to the company's financial statement, Americas revenues were nearly US$168mn 1Q11, up 22% compared to the same period in 2010.

"We can say that our plan is to grow about 30% this year. Business in the region grows faster than DS does globally," Charles said. "Last year we projected to double the growth for 2014 [globally]. We grew 20-30% this year [regionally], and I think Latin America will grow faster this year because of the projects we have, especially in the energy sector."

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During the last 15 years, Dassault Systemes has acquired more than 50 companies worldwide, and the main focus has been product orientated companies, like start-ups. Additionally, DS is working with universities, where the company offers its curriculum to students.

"During the last five years, we have offered apprenticeship places for students and also our curriculum at universities. The result has been very good, as good as other countries around the world, because people want to learn new things. They swallow everything up; they learn very quickly because they do not have the resistance of having to do the job differently from before," Charles said.

To read the full interview with Bernard Charles, see this week's IT Perspectives, for subscribers only.