SolidWorks Corporation was founded in December 1993 by Massachusetts Institute of Technology graduate Jon Hirschtick. Hirschtick used $1 million he had made while a member of the MIT Blackjack Team to set up the company. Initially based in Waltham, Massachusetts, United States, Hirschtick recruited a team of engineers with the goal of building 3D CAD software that was easy-to-use, affordable, and available on the Windows desktop. Operating later from Concord, Massachusetts, SolidWorks released its first product "SolidWorks 95", in November 1995. In 1997 Dassault, best known for its CATIA CAD software, acquired SolidWorks for $310 million in stock. Jon Hirschtick stayed on board for the next 14 years in various roles. Under his leadership, SolidWorks grew to a $100 million revenue company.