Opal-RT and Viveris announce European subsidiary
Opal-RT Technologies has announced that the company has reached an agreement in principle with Viveris Technologies of Paris, France to jointly establish a European subsidiary - Opal-RT Europe.
The agreement was announced by Jean Belanger, chief executive officer of Opal-RT, at Real Time 2009, the 2nd Annual Opal-RT International User Conference.
Opal-RT Europe will be based in Paris and jointly owned and operated by Opal-RT Technologies and Viveris Technologies.
Opal-RT Europe will be led by Cedric Jacquault, currently executive director of Viveris Technologies.
Viveris has been the exclusive distributor of Opal-RT products in France, and Spain since 2005, as well as a developer of complementary technologies for the Opal-RT Real-Time Simulation platform.
The formation of Opal-RT Europe is expected to be made official in the fourth quarter of 2009.
'Opal-RT's success in Europe has been crucial to the growth of Opal-RT since the company's founding in 1997,' said Belanger.
'Viveris Technologies' technical expertise and commitment to strong marketing and superior customer service has greatly contributed to our success in Europe.
'The formation of Opal-RT Europe, in partnership with Viveris, will ensure future growth while enabling us to continue to provide our European customers and distributors with the high level of service and support to which they have become accustomed.' Opal-RT Europe will manage all sales, marketing and technical support operations, servicing both Opal-RT customers and distributors in the following European countries: Andorra, Algeria, Austria, Belarus, Belgium, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Morocco, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Tunisia, Turkey, Ukraine and the United Kingdom.
While core product development will takes place at Opal-RT's headquarters in Montreal, Quebec, Canada, Opal-RT Europe will continue to develop complementary products designed to meet the specific needs and requests of European customers.
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