PTC Japan and NEC Announce Enterprise Alliance
NEEDHAM, MA. - December 8, 2009 - PTC Japan, (PTC, HQ: Massachusetts, US, Nasdaq: PMTC), a leading provider of PLM solutions, and NEC, a leading provider of IT and networking solutions, today announced that they have signed an enterprise alliance agreement enabling NEC to resell PTC PLM solutions. Under the agreement, the two companies will also collaborate on marketing and promotional activities with focus on sales of PTC's PLM software to Japanese owned companies worldwide.
The PTC Product Development System is comprised of Pro/ENGINEER® for CAD/CAM/CAE product design, Windchill® PLM software to manage and configure complete product development content, Arbortext® for product information delivery, Mathcad® for engineering calculations, ProductViewTM to visualize digital product content, and InSightTM for product analytics.
NEC will incorporate PTC's leading PLM software solutions, including Windchill and Pro/ENGINEER, that have a demonstrated record of success in the global market, as key offerings in its PLM solution lineup. NEC expects that the addition of the PTC solutions will help it to expand its business in Japan as well as in other parts of the globe, and is particularly focused on Asia. NEC Software Kyushu has already begun offering the PTC solutions to customers.
Companies in the manufacturing and retail industries today are under intense pressure to accelerate time-to-market and to globalize product planning and engineering operations. As a result, they have become increasingly interested in PLM solutions, which can help improve product development processes and ultimately help increase competitive advantage in these industries. This alliance is in response to such market trends.
"Partnering with leading Japanese IT companies, such as NEC, is an important part of PTC's global business strategy," said Paul J. Cunningham, executive vice president, Worldwide Sales, PTC. "Combining NEC's IT and PLM expertise and experience and PTC's leading technology, will further expand our technology leadership position in the product development market and help maximize the value we provide to our customers in Japan and other parts of Asia."
"PTC has a proven track record in the global market. By adding PTC solutions to NEC's portfolio, we believe we will be able to see synergy of solutions from both companies and strengthen our PLM business in and outside Japan," says Yasujiro Ryuno, Associate Senior Vice President, NEC Corporation.
About NEC Corporation
NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of a diversified global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
PTC, the PTC logo, Pro/ENGINEER, Windchill, Arbortext, Mathcad, ProductView and InSight are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.