Another!
WALTHAM, Mass., Oct 26, 1999 (BUSINESS WIRE) --
-- Drives Product Innovation and Success by Uniting Participants Across the Enterprise Value Chain --
Parametric Technology Corporation (NASDAQ:PMTC) today introduced the
Windchill Factor! e-Series to support collaborative product commerce
(CPC). CPC is a new category of software and services that leverages
the Internet to deliver value across the product development spectrum,
from product conception through retirement. CPC enables companies to
elevate the value of product information from an engineering asset to
an enterprise asset so they can meet product goals and exceed revenue
goals.
Established and recognized by leading industry analysts, CPC brings all
constituents across the value chain together on-line to collaboratively
develop, manage and evolve products throughout their entire lifecycle
based on customer and market demand. By embracing the strength and
ubiquity of the Internet, CPC allows for greater flexibility than
traditional client/server environments. This flexibility allows users
to access, manage, view and publish product and process
information--regardless of location or format--with a simple web
browser.
"Gartner Group defines collaborative product commerce as an e-business
opportunity which leverages product intellectual capital across the
many new Internet-driven inbound and outbound commerce opportunity
streams," said David Burdick, vice president, engineering applications,
Gartner Group. "These opportunities include collaborative product
design, customer-driven design, collaborative product/component
sourcing, product commerce portals and customer self-service
applications such as product maintenance and product configurators."
"A key goal of collaborative product commerce is to harness all product
information and application assets into a web-based framework and
provide ubiquitous, personalized access to all participants in a given
commerce community," Burdick continued. "Historically, product assets
such as CAD data and PDM information have been stovepiped into closed,
proprietary engineering systems making it difficult to share and
collaborate with trading partners. By utilizing web technologies such
as HTML, Java and XML along with enterprise application integration
tools, the CPC goal of making product intellectual capital universally
accessible across commerce streams can now be realized."
CPC solutions provide a federated, web-centric technology that delivers
the key capabilities needed to find, manage and use information in a
dispersed environment. Databases, applications and processes throughout
the enterprise and its supply chain are seamlessly linked together in a
federated environment.
To find the information, a federated data model logically knits
together disparate IT systems, including legacy and incumbent systems.
There is no need to replace systems or rehost data. Instead, a layer of
connectivity is added. Standard web technology, such as browsers,
search engines and URLs, search and identify information rapidly. A
federated process model allows companies to manage the information by
automating and linking their business processes across disciplines and
companies. This allows the expedient progression of workflow processes
so members of the extended enterprise can easily participate. A
federated application model allows everyone to access and use the
information easily regardless of the application it was created in. Web
browsers combined with visualization technology enable the viewing,
markup and interrogation of graphic information, and this makes each
individual more productive in their role.
"CPC will provide a dynamic, Internet-based, inter-enterprise business
infrastructure that links product and process information and
applications across boundaries of internal organizations as well as
suppliers, partners and customers," said Aberdeen senior analyst, Jack
Maynard. "This inter-enterprise business infrastructure facilitates
cross-company collaboration, enables customer driven designs and
connects isolated islands of product expertise to deliver product
innovations at Internet speed."
CPC operates as the command center of a company by sharing product
information with existing Enterprise Resource Planning (ERP), Supply
Chain Management (SCM), Customer Resource Management (CRM) and
e-commerce systems, making these business initiatives even more
valuable and innovative. Additionally, CPC reflects a coalescence of
existing sub-markets including: enterprise application integration
(EAI), visualization, product data management (PDM), virtual product
data management (VPDM), component supplier management (CSM) and
document management.
CPC enables easy access to all product and process information,
resulting in improved decision support and impact analysis,
synchronized information among business systems and supplier and
component standardization. CPC improves product and corporate agility
by allowing companies to create new customer interaction and service
opportunities, enabling rapid addition or removal of suppliers and
partners and facilitating design anywhere, build anywhere practices.
PTC's CPC Solutions
The Windchill Factor! e-Series is designed to support the complex,
diverse and changing business needs of world-class manufacturers. It
offers a comprehensive suite of e-Business solutions for collaborative
product commerce. The Windchill Factor! e-Series is focused on all
phases of a product's lifecycle from concept and definition to
production, service, maintenance and retirement. The series includes
the Collaboration Factor!, Product Planning Factor!, Engineering
Factor!, Sourcing Factor!, Product Management Factor!, Manufacturing
Planning Factor!, Production Factor! and the Customization Factor!.
Collaborative product commerce has created the need for flexible
engineering solutions that can respond to emerging e-Business
initiatives like customer-driven design, collaborative product design
and product commerce portals.
PTC's next generation Pro/ENGINEER 2000i and the PTC i-Series
mechanical design automation suite are an integral part of a company's
flexible engineering solutions. These solutions provide engineering
organizations the ability to respond to dynamic CPC environments by
leveraging advanced technologies that deliver engineering flexibility.
Learn more about collaborative product commerce (CPC) at an industry
webcast today, October 26, 1999 featuring distinguished speakers from
Aberdeen Group, Gartner Group, HP, PTC and Lockheed Martin. Register
today at webevents.broadcast.com or
visit ptc.com for the replay.
About PTC
Parametric Technology Corporation, founded in 1985 and headquartered
in Waltham, Mass., develops, markets and supports integrated
collaborative product commerce (CPC) solutions that help companies spur
innovation and achieve sustained competitive advantage. PTC's software
solutions are complemented by the strength and experience of its
professional services organization, which provides training, consulting
and support to customers worldwide. In its fiscal year ended September
30, 1999, the company achieved more than $1 billion in revenue. PTC can
be reached at 781-398-5000, or via the web at 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 ability to anticipate and adequately
respond to evolving customer requirements and to deliver products and
services that meet those requirements together 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.
Parametric Technology Corporation, Windchill and Pro/ENGINEER are
registered trademarks and all names in the PTC product family as well
as the PTC logo are trademarks of Parametric Technology Corporation or
its subsidiaries in the United States and in other countries. All other
companies and products referenced herein have trademarks or registered
trademarks of their respective holders.
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