PTC and TIBCO to Jointly Develop and Market Solutions to Increase Business Efficiencies and Cost Savings for Customers
NEEDHAM, Mass. and PALO ALTO, Calif., Feb. 11 /PRNewswire-FirstCall/ -- PTC® (Nasdaq: PMTC - news), The Product Development Company(TM), and TIBCO Software Inc. (Nasdaq: TIBX - news), today announced a global strategic alliance in which TIBCO Software will be the preferred provider of pre-packaged business integration solutions for PTC's industry-leading line of Product Lifecycle Management (PLM) solutions, based on Windchill® technology. TIBCO's products will serve as the integration platform to link PTC's solutions with enterprise systems. The joint solution will provide increased cost savings and scalability, and improved time-to-market advantages for customers.
AMR Research, a Boston-based market analyst firm, reports "PTC is partnering with TIBCO for direct, prebuilt integration links from Windchill to Enterprise Resource Planning (ERP) systems from SAP, Oracle, and J.D. Edwards ... The meaningful progress here is in PTC's continued movement toward a wider understanding of Product Lifecycle Management (PLM) ... Integration is the first step, and TIBCO is all about integration." (1)
The joint solution optimizes and automates business processes and
streamlines operational efficiencies by facilitating two-way communication
between PTC's Windchill technology and other business systems.
loop integration allows a company to send an engineering bill of material,
with all its rich product data, into the production environment for
manufacturing and distribution activities.
At the same time, manufacturing
and cost information is made visible to Engineering and Product Development to
make better product design decisions which reduce cost and result in faster
The key aspects of the agreement include: -- PTC will embed and OEM TIBCO technology to provide pre-packaged and fully supported end-to-end business integration for its industry- leading line of PLM solutions. -- TIBCO's industry-leading TIBCO ActiveEnterprise(TM) products will serve as an integration platform that links PTC's solutions with customers' Enterprise Resource Planning (ERP) systems, such as SAP R/3, Oracle Manufacturing, JD Edwards and PeopleSoft, supplementing its Info*Engine technology. PTC's Info*Engine will serve as a portal for external access to Windchill and TIBCO will focus on integration to commercially available enterprise systems. -- PTC and TIBCO are actively engaged in joint marketing strategies to a broad range of vertical markets. -- PTC and TIBCO will work with key Solutions Integrators (SIs), such as Accenture, Deloitte and KPMG, to deploy the new solutions to customers across the globe.
"Based on speed, reliability, and ease of integration, TIBCO's enterprise application integration technology was an excellent choice for PTC to implement as an integration backbone for our new generation of Product Lifecycle Management solutions," said James Heppelmann, executive vice president software solutions and chief technology officer at PTC. "By teaming with TIBCO, PTC can focus on its core competency -- product development -- while leveraging TIBCO's integration solutions to deliver efficiencies in design and manufacturing processes for our customers, efficiencies that will reduce design time and help bring better products to market more quickly."
"This relationship is a significant 'win-win' for all parties involved, especially the customers," said Raj Mashruwala, executive vice president of marketing and engineering for TIBCO Software. "To survive in today's market, companies must respond to the challenges of providing an integrated view of product data across life cycles and value chains. Product Lifecycle Management will dramatically change the way products are developed, built and serviced and PTC is leading this revolution. Leveraging TIBCO's leading real- time business integration solutions, PTC will be able to offer customers an out-of-the-box, high return on investment solution."
PTC (Nasdaq: PMTC - news) develops, markets, and supports software solutions and services that help manufacturers get superior products to market before their competitors. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. Further information on PTC is available at http://www.ptc.com.
About TIBCO Software Inc.
TIBCO Software Inc. (Nasdaq: TIBX - news) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. TIBCO technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO's global customer base includes more than 1,300 customers such as Cisco Systems, Yahoo!, NEC, Enron, Sun Microsystems, GE Capital, The Limited, Delta Air Lines, Philips, AT&T and Pirelli. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.
TIBCO, the TIBCO logo, TIBCO Software, TIBCO ActiveEnterprise, TIBCO ActiveExchange and TIBCO ActivePortal are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. PTC and its logo, The Product Development Company, Product Development Means Business, Create Collaborate Control, Product First, Pro/ENGINEER, 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. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Legal Notice Regarding Forward-Looking Statements: This release contains forward-looking statements regarding TIBCO's business, customers, markets served or other factors including the ability of products to meet customers' expectations, needs, or perform as described that may affect future earnings or financial results. Our actual results could differ in such forward-looking statements. Reasons for why actual results could differ materially include if the products are unable to successfully meet customers' expectations, needs, or perform as described. Additional information concerning factors that could cause our actual results to differ materially from those contained in the forward-looking statements can be found in TIBCO Software's filings with the Securities and Exchange Commission ("SEC"), including but not limited to its most recent reports on Forms 10-Q and 10-K filed with the SEC on July 13, 2001 and October 5, 2001, respectively, which identify important risk factors that could cause actual results to differ from those contained in the forward- looking statements including limited independent operating history, history of losses, unpredictability of future revenue, dependence on a limited number of customers, relationship with Reuters Group PLC, rapid technological and market changes, risks associated with infrastructure software and volatility of stock price. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. TIBCO assumes no obligation to update the forward-looking statements included in this document.
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 PTC's actual results to differ materially from those projected. These risks and uncertainties include PTC's ability to integrate the Tibco and Windchill technologies, anticipate and adequately respond to evolving customer requirements and work successfully with third parties (including Tibsco and system integrators) to deliver, implement and support integrated products and services that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.
Public Relations Contacts: Maria Doyle Caroline Phillips PTC TIBCO Software Inc. 781-370-5508 650-846-5697 Email Contact Email Contact Ana Mangahas Blanc and Otus for TIBCO Software 415-912-2308 Email Contact