By Olivia Bugault

France's Dassault Systemes SE is acquiring the remaining shares in Massachusetts-based NuoDB, both companies said Wednesday.

The French software maker already had a 16% ownership interest in the provider of a cloud-native SQL database that booked revenue of roughly $6 million in 2019.

The deal is scheduled to close in December, they said.

The companies didn't disclose the financial details of the transaction.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

November 25, 2020 01:32 ET (06:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Dassault Systems (PK) (USOTC:DASTY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Dassault Systems (PK) Charts.
Dassault Systems (PK) (USOTC:DASTY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Dassault Systems (PK) Charts.