Accenture and PTC Establish Strategic Alliance to Provide Powerful Collaborative Product Commerce Solutions for Manufacturers and Online Exchanges
WALTHAM, Mass. and NEW YORK, Sept. 18 -- Accenture and PTC (Nasdaq: PMTC) today announced they have signed an agreement to offer manufacturers and online exchanges the ability to collaborate with key partners, suppliers and customers throughout all phases of a product’s lifecycle -- from concept to production, service, maintenance, and retirement. Accenture is a leading global management and technology consultancy, and PTC -- through its Windchill software -- is a leading provider of B2B collaborative product commerce (CPC) solutions. Analysts estimate the emerging CPC solution market to be in excess of $20 billion.
As part of the alliance, Accenture and PTC will dedicate personnel, software, training, knowledge and financial resources to help develop new Windchill-based solutions and methodologies within the CPC arena. In addition, Accenture will establish a dedicated team of professionals to market, deliver and support PTC’s Windchill solutions to individual clients, as well as exchanges and Net markets. These CPC solutions will be designed to enable members of a globally dispersed design chain -- customers, suppliers, partners and the internal product team -- to connect inside or outside corporate firewalls on a project-by-project basis, tapping key resources and product information in a scalable environment.
"PTC’s Windchill solution has been recognized across the market as one of the most powerful collaboration applications available today," said Mike Wetzer, a partner at Accenture. "By providing a capability that connects partners for real-time product design, development, manufacturing and life cycle support, PTC is able to help satisfy the needs of manufacturers."
"This is truly an extraordinary relationship that underscores the importance of the worldwide CPC marketplace. PTC will leverage Accenture’s global presence and deep industry knowledge, while Accenture can take full advantage of PTC’s technology leadership," said C. Richard Harrison, president and CEO of PTC. "We are working closely with Accenture to catapult our Windchill solutions to the forefront of executive-level e-business discussions throughout our joint client base and beyond."
Initial alliance offerings will be targeted toward the aerospace and defense, telecommunications, network equipment, industrial equipment and automotive industries.
"Our clients are looking for ways to seamlessly share product information with customers and suppliers," said Skip Shaw, a partner in Accenture’s aerospace and defense industry group. "This is true of individual clients, and the emerging B2B Internet markets. Our broad presence coupled with PTC’s commitment to, and experience in, delivering industry-leading CPC solutions can help our clients to achieve a sustained competitive advantage in the market."
Accenture and PTC have worked together on a variety of initiatives for clients. One such client is EMC, which designs, manufactures, markets and supports a wide range of hardware and software products and provides services for the storage, management, protection and sharing of electronic information.
"We have been working closely with both Accenture and PTC in the deployment of our Windchill solutions that are now in production," said Steve Reilly, vice president, Business Process Development at EMC. "We are very excited that both organizations have established such a strong and synergistic alliance as it will be very beneficial to our future deployments and operations."
As part of the agreement, the organizations have created an executive steering committee and each have assigned a senior officer/member who will act as a liaison to report on alliance activities to their respective board of directors or board equivalent.
PTC, one of the world’s largest independent software companies and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, implements and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. With PTC’s CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. PTC can be reached at 781-398-5000, or via the Web 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 risks and uncertainties include PTC and Accenture’s ability to anticipate and adequately respond to evolving customer requirements; successfully develop and integrate the technology necessary to offer enterprise and exchange solutions; and effectively coordinate and manage joint activities (including sales, marketing, development and implementation)in order 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.
PTC and Windchill 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.