The report, "MCAD Market Europe 2005," studies the European MCAD segment of the Product Lifecycle Management (PLM) market by country, industry, category and software vendor. Through quantitative analysis based on 2004 data, the report compares trends in two segments of the MCAD market: the high-end and the mid-range, and presents an outlook for the market in the future.
Key findings include: -- think3 ranks #1 in revenue in Italy's MCAD market. -- think3 is one of the top mid-range MCAD vendors in Europe -- along with SolidWorks and Autodesk. -- think3 is doing very well among its peers and fuelled growth in the mid-range segment. -- think3 is holding steady against the bigger players such as Dassault. -- The MCAD market, still the biggest segment of the euro 10 billion global PLM market, is a particularly dynamic market in Europe.
The report also touches upon another strength of think3 technology by recommending that MCAD users evaluate best-of-breed mid-range solutions together with best-of-breed Product Development Management (PDM) offerings in order to achieve the considerable gains provided by an integrated solution.
"As this recent European mid-market MCAD analysis report confirms, think3 has established itself as a key player in the MCAD market in Europe," said Joe Costello, chairman and chief executive officer, think3. "For many years, MCAD solutions have been the foundation of our business, and now continue to grow as we provide more complete PLM solutions and services to the middle market. We continue to grow market share and to strengthen our leadership position in North America and globally, and are committed to maintaining it through additional investments in solutions for automotive design and continued support for our partners."
Recent think3 technology development highlights include: -- think3 added functionality to thinkteam, the product data management (PDM) component of its thinkPLM(R) suite. thinkteam now complements Autodesk's Inventor(R) with a module that helps designers manage product information, specifically 3D models, and integrate existing functions without changing operating methods. -- think3 entered into a strategic collaboration with Cadenas that integrates Cadenas parts management into the 3D CAD solution thinkdesign. About think3 Inc.
think3 provides innovative, next generation industrial design solutions and is a leading supplier of product development solutions to mid-sized manufacturers worldwide. Customers include BMW, Audi, Maytag, Alessi and GE Medical Devices. Overall, the company enables more than 5,000 manufacturers to achieve dramatic gains in competitiveness and profitability by optimizing their product development process. think3's best-of-class products, services and unique business delivery model lower manufacturers' risks and remove barriers to successful implementation. With headquarters in Cincinnati and offices throughout Europe, Asia and North America, the privately held company has been leading innovation for more than 20 years. For more information, visit www.think3.com.
CONTACT: Ann Willey of think3, +1-513-263-6779, or Email Contact