Former Rand German Subsidiary Offers Pro/ENGINEER Wildfire
NEEDHAM, Mass., June 2 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that it has signed a reseller
agreement with INNEO Solutions GmbH, formerly known as RAND Technologies GmbH.
INNEO was formed recently as the result of the management buy-out of the
German RAND subsidiary from RAND A Technology Corporation, headquartered in
Mississauga, Canada.
The multi-year agreement between PTC and INNEO enables INNEO to
immediately sell and support PTC's Pro/ENGINEER(R) mechanical design software,
including Pro/ENGINEER Wildfire(TM). In addition, PTC anticipates that as it
enables its reseller channel to sell and support PTC's Windchill(R) Link
solutions in the future, INNEO will also expand its offering to include these
products. Combined, these PTC software solutions enable manufacturers to
create digital products, collaborate on designs within the enterprise and
throughout the extended supply chain, and control the digital product
information throughout the product lifecycle.
"Large manufacturers all over the world are increasing the use of
outsourced suppliers to design innovative products and components," said C.
Richard Harrison, president and chief executive officer of PTC. "This trend
is gaining traction among European manufacturing companies, and underscores
the importance of our strategy to strengthen and diversify our reseller
channel in Europe to meet the growing product development needs of smaller
suppliers and foster productive customer relationships. We are pleased to
include INNEO, with its strong product knowledge of Pro/ENGINEER, as part of
this channel."
INNEO will become a PTC Enterprise Software Partner, as well as a PTC
Certified Training Partner, which, respectively, enable INNEO to build
software applications for its customers that are complementary to PTC's
product offerings, and provide its customers with high-quality education
programs for PTC products. Additionally, INNEO will immediately become part
of the growing number of PTC resellers under the Mensch und Maschine reseller
network. Mensch und Maschine is the leading European value-added distributor
of mechanical design software products, and a strategic distribution partner
for PTC.
"The continuation of our relationship with PTC is a major win for our
customers, who have come to rely on our expertise in product development
solutions and PTC's best in class products," said Helmut Haas, chief executive
officer of INNEO. "We look forward to joining the Mensch und Maschine
reseller network; its established administrative and marketing infrastructure
will allow us to continue our focus on driving customer value and
satisfaction."
About PTC
PTC develops, markets, and supports software solutions that help
manufacturers win with superior products. PTC is the world's largest software
company with a total commitment to product development. The company services
more than 35,000 customers worldwide. Further information on PTC is available
at http://www.ptc.com.
Except for the historical information contained herein, matters discussed
in this news release may constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ materially
from those projected. These include: the success of our reseller program,
including our reseller strategy in Europe; our ability to efficiently utilize
a diverse group of geographically dispersed resellers and effectively
coordinate and manage joint activities with these third parties (including
sales, marketing, implementation, training and support), thereby increasing
reseller contribution and decreasing company costs; our successful development
and integration of the technology necessary to offer an integrated Product
Development System that adequately responds to evolving customer requirements;
as well as other risks and uncertainties detailed from time to time in reports
filed by PTC with the Securities and Exchange Commission, including the
Company's most recent reports on Form 10-K and 10-Q.
Any use of the terms "partner", "partnership", "alliance" (or similar
terms) to describe the relationships between PTC and its channel program
members/resellers refers solely to the spirit of cooperation between the
parties and does not describe, or expressly or by implication create, a legal
partnership or joint venture or any responsibility by one party for the
actions of the other.
PTC and its logo, the product development company, Pro/ENGINEER, Wildfire,
Windchill, and all PTC product names and logos are trademarks or registered
trademarks of Parametric Technology Corporation or its subsidiaries in the
United States and in other countries.
Investor Relations Contact: Public Relations Contact:
Meredith Mendola Joe Gavaghan
781-370-6151 781-370-5074
mmendola@ptc.com jgavaghan@ptc.com
SOURCE PTC
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Related links:
http://www.ptc.com
CONTACT:
Meredith Mendola, +1-781-370-6151,
mmendola@ptc.com, or Joe Gavaghan, +1-781-370-5074,
jgavaghan@ptc.com, both for PTC
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