Enginuity 2006 product development software streamlines R&D work processes, accelerates product innovation and decreases time-to-marketORANGE, Conn.—(BUSINESS WIRE)—June 6, 2006— IMS Inc., a leader in product development software for process industries, announced today that it has launched a new enterprise software division. The new division - Enginuity PLM(TM) - will focus exclusively on developing, marketing and implementing its Enginuity(TM) product lifecycle management software - formerly FWS 7i(R) (Formulation WorkStation 7i) for cosmetics, consumer packaged goods (CPG), over-the-counter (OTC) drug and pharmaceutical companies.
"Over the last 18 months, we have seen incredible growth in the adoption of formula-based PLM software by large CPG, OTC Drug and Cosmetic companies," stated Dr. John Sottery, Enginuity PLM founder and CEO. "These companies are facing conflicting demands where they need bring new, innovative products to market much more rapidly - while they simultaneously navigate a global regulatory maze that becomes more complex each year."
According to AMR Research ( www.amrresearch.com), Product Lifecycle Management (PLM) has emerged as an essential element of a company's competitive strategy, and many companies have used PLM to increase new product introduction success rates, decrease time-to-market, reduce project failure rates and minimize manufacturing costs.
About Enginuity PLM
Enginuity PLM LLC, a division of IMS Inc., provides a collaborative product development platform for global 2000 organizations in FDA regulated, process manufacturing industries. Combining a global product development knowledge repository and powerful search engine with robust formula CAD, packaging, regulatory management and product launch functionality - the Enginuity solution allows companies to accelerate product innovation and achieve regulatory compliance, while significantly reducing time-to-market, raw material costs and total cost of ownership.
The Enginuity product development software - formerly FWS 7i(R) - is used by leading cosmetics, consumer packaged goods (CPG), over-the-counter (OTC) drug and pharmaceutical companies around the world. Customers include, Shiseido subsidiary Zotos International, Revlon, Schering-Plough, Pfizer and Procter & Gamble (P&G). Enginuity interfaces seamlessly with several leading PLM backbones and content management systems including UGS Teamcenter and EMC Documentum. For more information, visit www.enginuityPLM.com or call 203-795-9047.
KC Associates Jennifer Schwegman, 952-233-0346