Product development organizations began employing globalization strategies to outsource manufacturing in an effort to reduce production costs in the 1970s. The outsourcing of manufacturing can be considered as the starting point for global product development (GPD), a trend that has continued to evolve over the past 30 years and now includes outsourcing and off shoring of core design and development work. The integration of LiveCycle Rights Management ES and Pro/ENGINEER will help protect intellectual property in global product development environments. Users will be able to effectively manage document policies with capabilities for controlling access, auditing, expiration and revocation of models and documents even after they have been distributed. This level of security helps to ensure that only intended recipients can open a protected file inside and outside the firewall and that files can be made to expire on a specific date, or if necessary revoked immediately.
"We are pleased to partner with PTC to expand the depths of Adobe's DRM offerings. LiveCycle Rights Management ES in conjunction with Pro/ENGINEER delivers ground-breaking advancements in intellectual property protection for our customers," said David Mendels, senior vice president, Enterprise and Developer Business Unit at Adobe. "For intellectual property created throughout the product development process, this new integrated DRM solution allows organizations to extend their investments in Acrobat, PDF, and Pro/ENGINEER technologies to protect sensitive product information in any form."
"PTC understands the hazards faced by our customers in association with the use of GPD strategies and as such is constantly evaluating new and innovative ways to reduce the risk of operating in a global environment," said Brian Shepherd, divisional vice president, product development, PTC. "The integration with LiveCycle Rights Management ES will begin with Pro/ENGINEER and is expected to ultimately include the entire PTC Product Development System which we believe will create the PLM system with the most advanced security options available."
Ultimately, the integration of LiveCycle Rights Management ES with Pro/ENGINEER will help improve collaboration with supply chains, outsourcing partners, and teams across dispersed locations. Global businesses will have the ability to access lower cost specialty-skilled labor pools and develop products in a continuous 24/7 timeframe.
The integration is expected to be available with the next production release of Pro/ENGINEER.
The timing of any product release, including any features or functionality, is subject to change at PTC's discretion.
About Adobe Systems Incorporated
Adobe revolutionizes how the world engages with ideas and information - anytime, anywhere and through any medium. For more information, visit www.adobe.com.
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 Midcap 400 and Russell 2000 indices. For more information on PTC, please visit 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: PTC's and Adobe's ability to effectively coordinate and manage joint activities (including development, implementation, support and marketing) to both deliver integrated products and services that meet evolving customer requirements and facilitate our customers' understanding of the benefits of a comprehensive product lifecycle management solution for global product development (including return on investment, ease of use, and value creation); PTC's and Adobe's continued support of the technology necessary to offer software solutions suitable for a distributed global environment; along 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.
PTC and its logo, The Product Development Company, Create Collaborate Control Configure Communicate, Pro/ENGINEER, Wildfire, Windchill, Arbortext, Mathcad, Windchill ProjectLink, Windchill PDMLink, Windchill DynamicDesignLink, Windchill MPMLink, IsoDraw 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. Adobe, the Adobe logo, Acrobat, and LiveCycle are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries.
Nicole Rowe, 781-370-6369
Amanda Keane, 617-520-7260
Sandra Lo, 415-832-2309
Anna O’Neil, 650762-2868