Product reliability and maintainability are two key factors that influence how a product will perform and ultimately succeed in the field. Market drivers, including brand reputation, increased product complexity, total cost of ownership, warranty penalty cost and safety, are compelling manufacturers to focus on predicting, analyzing, and improving product reliability and maintainability. As a result, there is growing demand for solutions that will enable manufacturers to gain early insight into potential risk and reliability issues, predict reliability performance early in the design process, and track reliability against targets during product development. Further, companies need tools and methods that help strengthen communication of field performance data to design engineering for trends analysis and to incorporate reliability analysis considerations into the engineering change process to help avoid changes late in the design process.
Founded in 1986 with a clear and simple mission to provide reliability analysis excellence, Relex has a history of innovation and is recognized for its leadership, vision, and commitment to providing an out-of-the-box suite of reliability solutions and services which continually exceed customer expectations. Benefits delivered by Relex solutions include:
The Relex acquisition is a key component of PTC’s product analytics strategy. In today’s competitive world, product development organizations are under constant pressure to comply with international environmental regulations, reliability and maintainability requirements, while lowering lifecycle and product costs. Decisions made to optimize one dimension are likely to impact performance on these other dimensions. These pressures are the impetus for PTC’s product analytics strategy.
By offering customers solutions that allow them to analyze across a series of product performance dimensions early in the product’s lifecycle, PTC empowers them to make sound tradeoff decisions based on the aggregation of data from a variety of sources (e.g. supplier information, estimated data, field data, or data from component standards). With product analytics software, PTC aims to provide a comprehensive solution to streamline prediction and analysis of product performance, provide visibility to product development stakeholders and enable effective tradeoff studies.
“The natural synergy between product lifecycle management and reliability engineering makes Relex a logical addition to PTC’s evolving product analytics family of solutions and underscores PTC’s holistic approach to product development,” said James Heppelmann, president and chief operating officer, PTC. “This acquisition benefits PTC customers by enabling them to incorporate critical reliability analysis capabilities as part of a total solution to help them further optimize their product development processes.”
“Relex solutions help leading companies of all sizes and across many industries improve their ability to predict and measure product reliability, enabling them to proactively address possible reliability and safety issues throughout the product lifecycle,” said Kevin Van Fleet, co-founder, Relex Software Corporation. “The incorporation of Relex solutions into PTC’s product analytics strategy will help companies to make better quality, more informed decisions to drive success with product development initiatives.”
Relex solutions are immediately available stand-alone as they were prior to the acquisition. To execute on its broader product analytics vision, PTC plans to combine the Relex solutions with its product analytics solutions as well as developing integrations between Relex and other components in the PTC product development system.
The timing of any product release or integration, including any features or functionality, is subject to change at PTC’s discretion.
For more information about the acquisition, please visit: www.ptc.com/company/relex.
About Relex Software Corporation
Relex Software Corporation is a world leader in reliability analysis software, committed to the advancement of Reliability Excellence. In 1986, Relex Software Corporation entered the reliability industry with ground-breaking prediction software. After more than two decades of growth and experience, Relex Software Corporation today has a full suite of 11 software tools in the global marketplace covering the full life cycle of user products. Relex Reliability Studio tools include Reliability Prediction, Reliability Block Diagram (RBD), Failure Mode and Effects Analysis (FMEA), Fault Tree, Weibull, Markov, Life Cycle Cost (LCC), Human Factors Risk Analysis, Maintainability Prediction, Optimization and Simulation (OpSim), and Failure Reporting, Analysis, and Corrective Action System (FRACAS). As a full solution provider, Relex Software also offers reliability engineering consulting services and training programs.
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
This news release contains forward-looking statements, including statements about expected integration of the companies’ technologies and product synergies. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including the following: we may be unable to successfully develop and integrate the technology necessary to offer an integrated solution that complements PTC’s product development system; we may be unable to retain and maintain relationships with key employees, customers and other strategic partners of Relex; we may struggle to effectively utilize our resources to undertake strategic corporate development initiatives while maintaining our ability to support multiple PLM product suites; 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, The Product Development Company, and Relex are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.