PTC Adds INNEO Solutions to Growing Reseller Network

Former Rand German Subsidiary Offers Pro/ENGINEER Wildfire

NEEDHAM, Mass., June 2 /PRNewswire-FirstCall/ -- PTC , the product development company(TM), today announced that it has signed a reseller agreement with INNEO Solutions GmbH, formerly known as RAND Technologies GmbH. INNEO was formed recently as the result of the management buy-out of the German RAND subsidiary from RAND A Technology Corporation, headquartered in Mississauga, Canada.

The multi-year agreement between PTC and INNEO enables INNEO to immediately sell and support PTC's Pro/ENGINEER(R) mechanical design software, including Pro/ENGINEER Wildfire(TM). In addition, PTC anticipates that as it enables its reseller channel to sell and support PTC's Windchill(R) Link solutions in the future, INNEO will also expand its offering to include these products. Combined, these PTC software solutions enable manufacturers to create digital products, collaborate on designs within the enterprise and throughout the extended supply chain, and control the digital product information throughout the product lifecycle.

"Large manufacturers all over the world are increasing the use of outsourced suppliers to design innovative products and components," said C. Richard Harrison, president and chief executive officer of PTC. "This trend is gaining traction among European manufacturing companies, and underscores the importance of our strategy to strengthen and diversify our reseller channel in Europe to meet the growing product development needs of smaller suppliers and foster productive customer relationships. We are pleased to include INNEO, with its strong product knowledge of Pro/ENGINEER, as part of this channel."

INNEO will become a PTC Enterprise Software Partner, as well as a PTC Certified Training Partner, which, respectively, enable INNEO to build software applications for its customers that are complementary to PTC's product offerings, and provide its customers with high-quality education programs for PTC products. Additionally, INNEO will immediately become part of the growing number of PTC resellers under the Mensch und Maschine reseller network. Mensch und Maschine is the leading European value-added distributor of mechanical design software products, and a strategic distribution partner for PTC.

"The continuation of our relationship with PTC is a major win for our customers, who have come to rely on our expertise in product development solutions and PTC's best in class products," said Helmut Haas, chief executive officer of INNEO. "We look forward to joining the Mensch und Maschine reseller network; its established administrative and marketing infrastructure will allow us to continue our focus on driving customer value and satisfaction."

About PTC

PTC develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 35,000 customers worldwide. 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 reseller program, including our reseller strategy in Europe; our ability to efficiently utilize a diverse group of geographically dispersed resellers and effectively coordinate and manage joint activities with these third parties (including sales, marketing, implementation, training and support), thereby increasing reseller contribution and decreasing company costs; our successful development and integration of the technology necessary to offer an integrated Product Development System that adequately responds to evolving customer requirements; 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.

Any use of the terms "partner", "partnership", "alliance" (or similar terms) to describe the relationships between PTC and its channel program members/resellers refers solely to the spirit of cooperation between the parties and does not describe, or expressly or by implication create, a legal partnership or joint venture or any responsibility by one party for the actions of the other.

PTC and its logo, the product development company, 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.

   Investor Relations Contact:        Public Relations Contact:
   Meredith Mendola                   Joe Gavaghan
   781-370-6151                       781-370-5074
   
Email Contact                   
Email Contact

CONTACT: Meredith Mendola, +1-781-370-6151, Email Contact, or Joe
Gavaghan, +1-781-370-5074, Email Contact, both for PTC

Web site: http://www.ptc.com/




Review Article Be the first to review this article
SolidCAM: Program your CNCs directly inside your existing CAD system.


Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Siemens Goes ECAD With Mentor Graphics Acquisition
Jobs
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Upcoming Events
Design & Manufacturing, Feb 7 - 9, 2017 Anaheim Convention Center, Anaheim, CA at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
Display Week 2017 at Los Angeles Convention Center 1201 S Figueroa St Los Angeles CA - May 21 - 26, 2017



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise