WGKP...(from web site)
"WTC momentum is building and excitement is growing
as we count down to the WTC ProductCenter 7 Launch!"...
from 10/21/99 PR...
"During the past month, the company has been re-evaluating its financial position and its strategic direction," stated Patrick H. Kareiva, President and Chief Executive Officer, who joined the company on September 20, 1999. "Based on our findings, we have made the strategic decision to redirect our resources and management's attention toward our traditional base of customers seeking product data management solutions."
"Our strategy is to strengthen our relationships with our broad base of existing customers and to expand our portfolio of PDM products. The first step is the launch of our next generation PDM product, WTC ProductCenter, which is a significant upgrade for our current CMS customers. We are rolling out WTC ProductCenter as a controlled release during the third quarter. Based on the strong response we have had from our beta sites, we believe that WTC ProductCenter will be well received," concluded Kareiva.
WTC develops and markets CMS, a production-proven product data management solution that facilitates the management of product information and work processes performed by multi-functional product development teams. Based in Lexington, Massachusetts, the company differentiates itself on the basis of its focus on design control, process owner empowerment, fast adoption of its software and its targeted industry solutions. Thousands of users at Fortune 1000 companies are in production and benefit from CMS, including 3Com Corporation; ADC Telecommunications, Inc.; AlliedSignal, Inc.; Alcatel USA; Eaton Corporation; Fujitsu Network Communications; General Electric Company; Moen Incorporated; Siemens Energy & Automation, Inc.; Tektronix, Inc.; and Whirlpool Corporation. The company's World Wide Web site is located at workgroup.com
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