French 3-D design software company Dassault Systèmes has announced that it is acquiring the remainder of NuoDB equity.

Dassault Systèmes already had a 16% ownership interest in NuoDB. Founded in 2010 and headquartered in Cambridge, Massachusetts, NuoDB provides a cloud-native distributed SQL database.

Bob Walmsley, CEO, NuoDB believes that with the combined resources, the company can accelerate its product development to realize the contribution of multi-cloud, distributed SQL database as a service.

Dassault Systèmes began its partnership with NuoDB in 2013.

According to Florence Hu-Aubigny, Executive Vice President, Research & Development, Dassault Systèmes, the extended alliance “further underscores NuoDB’s distributed SQL capabilities, well adapted for native cloud environments.”

Dassault Systèmes and NuoDB are planning to close the transaction in December.

NuoDB had revenues of about $6 million in 2019.