EDs To Spin Off Life-Cycle Unit

摘要

Sales of product-life-cycle- management software and services are expected to more than double in the next couple of years. Hoping to leverage this growing interest, EDS last month said it's considering an initial public offering or a private offering of a minority stake in its PLM subsidiary. Last week, it said it's changing the name of the subsidiary as it further establishes the business as an independent organization that can be more agile. "We're getting set up to run [the PLM unit] autonomously," says Tony Affuso, president and CEO of UGS PLM Solutions, formerly EDS PLM Solutions. "Changing the name is another transition on the way to becoming an independent company." In a way, it's a back-to-the-future scenario: EDS built its PLM business in 2001 by acquiring and combining two companies, Structural Dynamics Research Corp. and Unigraphics Solutions Inc.