EMBEDDED WORLD: A management buy-out (MBO) of the former embedded design tools business of Geensys has been launched with the Geensoft name.
The MBO was led by former Geensys executives Eliane Fourgeau, Thierry Gueguen and Marc Frouin and the executive management team includes Gueguen as CTO, Michel Hagege as VP of Worldwide Sales and Fourgeau as CEO. Frouin, Geensys' former President, will head Geensoft's supervisory board.
To be headquartered in Brest (France), Geensoft will continue to operate on a global basis with R&D and sales offices in France (Paris, Brest and Nancy) along with sales offices in Germany (Munich) and Japan (Yokohama) supported by a network of distributors, value-added integrators and OEMs throughout Europe, North America and Asia.
All of the former Geensys personnel responsible for the development, sales and support of the Geensoft product portfolio and associated services have transitioned to Geensoft.
Geensoft's product portfolio includes Reqtify, ControlBuild and AUTOSAR Builder tool suites as well as the RT-Builder system simulation tool.
The company intends to accelerate its worldwide growth and new versions of Reqtify and a novel plug-in module to AUTOSAR Builder were launched at Embedded World.
“The completion of the MBO will enable us to focus more clearly and completely on accelerating the market penetration and future growth potential of our portfolio of software tools for embedded systems,” said Fourgeau.
“Over the last five years, our products have gained an enviable reputation for supporting quality centric engineering processes as well as complex embedded systems and software development for demanding customers in the aerospace, automotive, defence, energy, industrial automation, medical and transportation industries, added Fourgeau.
The company's existing automotive industry customers include PSA Peugeot Citroen, Renault, BMW, Delphi, Valeo, Autoliv, JCAE, Magneti Marelli and Denso while customers in the aerospace/defence arena include companies like Airbus Industrie, Boeing, EADS, SAFRAN, Raytheon, Rockwell Collins and Thales. Rail industry customers include RATP and SNCF, Alstom, Bombardier, Siemens Transportation, Faiveley, and in other industry sectors companies like Spie, Clemessy, EDF, Degrmont, CNR, Schneider Electric, ELA Medical and Lilly.