Next step in the international development of Visiativ: finalization of the acquisition of UK SOLIDWORKS distributor, Innova Systems
Visiativ has finalized its acquisition of Innova Systems, one of the leading distributors of Dassault Systèmes’ SOLIDWORKS solutions in the UK.
The Group has acquired 100% of the capital of the company, which was founded in 2002 and currently has 16 employees. Innova Systems generated revenues of £3.8 million (€4.3 million) in 2017, up 9% and including close to 60% in recurring revenue with strong returns. Mark Bradford, CEO and co-founder of Innova Systems, will remain in office and help Visiativ to successfully integrate the company and, more generally, develop other aspects of its business in the UK.
Based in Cambridge, London and Nottingham, Innova Systems has won the SOLIDWORKS (Dassault Systèmes) awards for customer satisfaction in Northern Europe for the past four years, and is an excellent reference for its 1,000 + customers – a portfolio which will underpin the commercial development of Visiativ’s Moovapps platform in the UK.
This acquisition, following that of SOLIDWORKS distributor c+e forum in German-speaking Switzerland in November 2017, is the next step in the continued international expansion of the Group, in line with its Next100 strategic plan.