Companies Enhance Long-Standing Relationship to Leverage TCS' Global Presence and Multi-Industry Expertise Across UGS' Product Line
The two companies will work to create focused solutions for key vertical markets such as telecom, pharmaceutical, chemical, oil and gas, and media and entertainment, using UGS' PLM technology. The relationship will help UGS enhance its market presence, reach new markets and penetrate into TCS' customer base with its PLM products while TCS will leverage its global delivery capability and industry domain expertise to deliver customer specific solutions that provide strong return on investment. This agreement, which further strengthens the long-standing relationship between the two companies, defines a more closely aligned sales, marketing and delivery strategy.
"The UGS -- TCS relationship started more than 18 years ago and has consistently grown to address multiple disciplines including global product development, marketing, sales and services," said John Graham, executive vice president, Global Sales and Services, UGS. "Today's system integration partnership agreement represents the next evolutionary step in that relationship and will significantly enhance the ability of both our organizations to deliver world-class PLM products and services. This partnership also represents an evolution for the PLM industry with its focus on non-traditional verticals."
TCS offers system integration services along with sales and marketing support across UGS' entire PLM product line including Teamcenter(TM) software, UGS' digital lifecycle management solution and the world's most widely-used PLM portfolio; NX(TM) software, UGS' comprehensive digital product development solution; and Tecnomatix(TM) software, UGS' digital manufacturing portfolio. UGS' customers can leverage TCS' expertise in a variety of areas including PLM services, knowledge-based engineering and product design and re-engineering. TCS is also a UGS certified I-deas(TM) to NX migration partner able to assist UGS' customers to transition smoothly.
"The strong relationship we have enjoyed with UGS over the years has taken another significant step. The System Integration Alliance agreement will further strengthen the combined solution capability of TCS' multi-industry expertise and global presence and UGS' world-class PLM solutions. This combination will enable us to provide solutions in a larger, more diverse market and create real value for our clients," said Dr. Ravi Gopinath, vice president and head of Engineering and Industrial Services, TCS. "TCS has been recognized as one of the top PLM service providers in the world by many organizations including industry analyst firm CIMData."
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the "Global Delivery Model," this strategic services delivery concept has reshaped the IT services industry.
More than 95% of TCS customers reward the company's reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 62,000 of the world's best trained IT consultants located in 34 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information: http://www.tcs.com .
UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS' vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS' open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation. For more information on UGS products and services, visit http://www.ugs.com .
Note: UGS, I-Deas, NX, Teamcenter, Tecnomatix and Transforming the process of innovation are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. Tata is a trademark or registered trademark of Tata Consultancy Services Ltd or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
The statements in this news release that are not historical statements, including statements regarding expected benefits of the product, adoption by customers, continued innovation and other statements identified by forward looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to developments in the PLM industry, competition, failure to innovate and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its annual report on Form 10-K most recently filed with the SEC. UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACTS: Salim Rahimi UGS 972-987-3206 Email Contact Mike McCabe Tata Consultancy Services 646-313-4594 Email Contact