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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: William B. Kohn who wrote (3550)	7/25/2000 8:27:20 AM
From: Paul Lee	Respond to of 3646

PTC Forms Alliance with Computer Sciences Corporation to Provide CPC Solutions; Alliance Represents New Level of Commitment from both Companies WALTHAM, Mass.--(BUSINESS WIRE)--July 25, 2000--PTC, Inc. (Nasdaq: PMTC), a leader in collaborative product commerce solutions (CPC), today announced that it has expanded its long-standing relationship with Computer Sciences Corporation (NYSE: CSC), forging an alliance to provide clients with the tools and consulting expertise to help them collaborate with customers, business partners and suppliers in the product innovation process. Under the terms of the agreement, PTC will work with CSC to implement its Windchill solution for clients that require Internet-based collaborative product design. In addition, CSC consulting staff will be trained on PTC's CPC solutions, and both companies will train their respective business development staffs to recognize the capabilities and value proposition of the alliance. "CSC truly understands the strategic value of using the Internet for enabling collaborative product commerce in today's global economy," said Anthony P. DiBona, executive vice president of Global Business Partners, PTC. "Our Windchill solution, when combined with CSC's strong enterprise and IT deployment experience, will deliver total solutions to our customers and significantly strengthen PTC's ability to meet the worldwide demand for such products and services." "CSC recognizes the opportunities presented by the emerging CPC market, and we view PTC as providing high-value solutions in this rapidly expanding arena," said Brad Scheller, managing director of supply chain solutions for CSC's Consulting Group. "By helping clients work collaboratively with their customers and suppliers during the initial stage of product development and throughout the product lifecycle, we add a critical enterprise value dimension to the perspective of supply chain effectiveness." PTC's industry-leading Windchill software, combined with CSC's comprehensive strategic business and integration capabilities, provides joint customers with solutions to take advantage of business opportunities associated with product collaboration. "CSC and PTC have been providing joint customers with product collaboration solutions for more than two years prior to this agreement," Scheller continued. "We have been impressed with PTC's recommitment to partnering." CSC will be a Premier Partner in PTC's Enterprise Consulting Partner program. PTC is building relationships with integrators and consultants to produce winning customer solutions by promoting and selling their services in conjunction with PTC's CPC solutions. PTC partner programs include some of the world's leading e-Business consultants, engineering specialists, change management experts, software developers and enterprise-platform implementers.