"Increasing complexity, growing customer expectations, shorter delivery cycles, and the need to manage content across multiple formats, languages and platforms are all challenges the publishing industry is facing," said Maran Elancheran, General Manager, Newgen Imaging Systems. "Arbortext has helped Newgen to manage many of these challenges, which is why we are expanding our use of this solution from PTC. The broader adoption of Arbortext will help Newgen grow the business, react faster to customer needs, and become a larger player in the Global Publishing Services Industry."
Arbortext is used throughout the world to automate the production of complex printed documents such as scientific, technical and medical journals, legal documents, technical documentation, catalogs and directories. In addition to reducing costs and production time, automation also gives publishers the flexibility to update information more frequently and to produce publications in more variations for multiple target audiences.
"Creating and sharing information has become increasingly complex, time-consuming and expensive as consumer expectations rise and delivery options proliferate. Arbortext's dynamic publishing capabilities automatically produce publications in limitless combinations on multiple types of media. Our customers gain a flexible and efficient dynamic publishing solution that is scaleable, easy to use and powered by the industry standard, XML technology," said PG Bartlett, Vice President Product Management for Arbortext products, PTC. "Our expanded relationship with Newgen Imaging Systems is a strong validation of this, and highlights the increasing scope of the Indian publishing services industry."
Since its acquisition of Arbortext in July 2005, PTC has focused on making the capabilities of the Arbortext technology more widely available to customers operating across geographic boundaries and within heterogeneous IT environments. As a result, Arbortext software is geared towards helping customers solve their most pressing publishing needs, specifically those related to the global production and delivery of technical documentation, product catalogs and product information.
About Newgen Publishing
Newgen is an integrated solutions provider across the entire spectrum of publishing and data services with production facilities at Chennai and Bangalore in India and Austin, Texas in US. Since 1996, Newgen has recorded an annual growth rate of 50%, with close to 80% of new business coming in from existing clients.
About PTC Solutions For Dynamic Publishing
PTC solutions for dynamic publishing enable companies to automate the assembly and publishing of product or service information in multiple languages and formats. These solutions are made up of the Arbortext product family and are used by 30% of Fortune 500 companies in the manufacturing, life sciences, publishing, government, insurance and financial services industries.
About PTC
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit 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 risks and uncertainties include: the successful development and integration of the technology necessary to offer integrated solutions that adequately responds to the evolving dynamic enterprise publishing, data management and other emerging requirements of our customers; PTC's ability to extend our solutions, including the Arbortext suite of solutions, to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; PTC's ability to retain and maintain relationships with key Arbortext employees, customers and other strategic partners, including those within markets and vertical industries with which PTC has little experience; and the market for, and customer adoption of, dynamic enterprise publishing may not grow as quickly as PTC expects, 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. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.
PTC and its logo, The Product Development Company, Arbortext 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.
Contact:
PTC Corporate Communications Nicole Rowe, 781-370-6369 Email Contact or For PTC Weber Shandwick Amanda Keane, 617-520-7260 Email Contact