Siemens PLM Software Company Description
Siemens Product Lifecycle Management Software (formerly UGS PLM Software) provides product lifecycle management (PLM) packages, a category of design and collaboration software. Customers include many of the world's largest auto makers, which were among the first manufacturers to adopt PLM. Siemens PLM Software is one of the biggest suppliers in the PLM market, competing with the CATIA duo of Dassault and IBM. The company was spun off from EDS in 1998 and publicly held for three years. In 2007 the company was acquired by Siemens for about $3.5 billion, operating as a division of Siemens Automation and Drives.
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The Company Description provides a historical perspective of Siemens PLM Software's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Siemens PLM Software's evolution in the marketplace.
