Solution Reduces Coordination Costs for Product Design Teams
"Pro/ENGINEER Wildfire gives our users a new and highly effective option for collaborating together in real-time, or asynchronously, right from within our application, further enabling them to focus on the design process rather than the technology. For Pro/ENGINEER users, the days of having no choice but to trade files and designs through email attachments or expensive overnight delivery services are over," said James Heppelmann, PTC Chief Technical Officer and Executive Vice President of Software Solutions. "By incorporating Groove collaboration services within Pro/ENGINEER Wildfire, we're delivering what industry observers believe is a more distant promise - contextual collaboration services that are embedded right within the application. Our users don't have to leave Pro/ENGINEER Wildfire to collaborate with colleagues around the world; we believe this is key to helping our customers reduce cycle times and increase product quality."
"In the past, two key impediments to effective ad hoc collaboration across company and geographic boundaries have been firewalls and concerns about the security of information passing across the open internet," said Groove Networks CEO Ray Ozzie. "By leveraging Groove's robust, agile, and ultra- secure collaboration services, PTC and its customers benefit substantially and are better able to focus on their primary business needs - reducing the time and cost of bringing products to market. Jim and his team recognized this trend toward contextual collaboration more than two years ago, and now PTC is the first in its market to deliver on the promise. We're excited to be a component of this collaborative product design solution, which is as innovative as the products that PTC's customers produce."
The production version of PTC's Pro/ENGINEER Wildfire, a breakthrough version of its award-winning Pro/ENGINEER(R) product design and development software, is scheduled to ship this quarter.
Further information on PTC is available at http://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 include: the success of our initiatives to facilitate our customer's understanding of the benefits of our PLM solutions, including return on investment and value creation; the timing and acceptance of Pro/ENGINEER Wildfire and our efforts to successfully compete in the MCAD industry by differentiating our MCAD offerings by targeting synergies with Windchill; PTC's and its partner's successful development and integration of the technology necessary to offer tools suitable for real-time and asynchronous collaboration across company and geographic boundaries; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q.
PTC and its logo, Product First, The Product Development Company, Product Development Means Business, Create Collaborate Control, Pro/ENGINEER, Wildfire, 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. Groove Networks, the Groove logos, and Groove are trademarks of Groove Networks, Inc.
Investor Contact Information Public Relations Contact Information Meredith Mendola Joe Gavaghan 781-370-6151 781-370-5074 Email Contact Email Contact
Web site: http://www.ptc.com/