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Management Buy-out Creates Geensoft
Geensoft, a new, independent company focusing on the provision of software design tools and associated professional services for embedded systems development, has been created by a management buy-out of the former embedded design tools business of Geensys. The MBO creating Geensoft has been led by former Geensys executives Eliane Fourgeau, Thierry Gueguen and Marc Frouin.
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 the Reqtify, ControlBuild and AUTOSAR Builder tool suites as well as the RT-Builder system simulation tool. Highly successful in satisfying the embedded systems and software development needs of a broad range of industries over the past five years, Geensoft intends to accelerate its worldwide growth potential by capitalizing on its demonstrable success, industry-proven track record and respective market-leadership.
“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 Eliane Fourgeau, who is CEO of the new company. “Their previous success in addressing the embedded system and software development issues of their respective target markets clearly indicates that they have a continued and significant future role to play.”