PTC Announces Alliance with RosettaNet to Promote e-Business Initiatives
8 March 2000
PTC Announces Alliance with RosettaNet to Promote e-Business Initiatives
WALTHAM, Mass.--March 7, 2000--PTC , the leader in the collaborative product commerce (CPC) market, today announced it has entered into an alliance with RosettaNet, the industry body that establishes global standards for e-commerce transactions in the electronics industry. With its endorsement of the RosettaNet e-commerce standards, combined with its acquisition of software and developers from Nitidus Technologies, Inc., PTC continues to broaden its offering of collaborative product commerce (CPC) solutions while cultivating new business opportunities in the electronics industry.In today's expanding Internet economy, integrated collaboration with customers, suppliers, and partners is essential to maintaining a competitive advantage. Without a standard business interface, the ability of manufacturers and the entire value chain to leverage the Internet as a Business-to-Business (B2B) e-commerce tool is greatly inhibited. RosettaNet's efforts are symbiotic with PTC's CPC solutions because they create new areas of alignment within the supply chain to enable manufacturing companies to fully leverage the possibilities of the Internet.
As a solutions partner, PTC is committed to implementing the Internet's eXtensible Markup Language (XML)-based RosettaNet Implementation Framework (RNIF) and its associated partner interface processes (PIPs) to help further extend the CPC capabilities of customers world-wide. According to James Baum, executive vice president of engineering, research and development for PTC, "The technologies we've acquired from Nitidus, which have been demonstrated at RosettaNet's March eConcert convention, together with our XML-based Info*Engine enterprise application integration technology, uniquely position PTC as a critical infrastructure provider to the significant base of companies that are committing themselves to participate in RosettaNet-based e-commerce."
The addition of PTC's RosettaNet enablement solutions together with PTC's WindchillFactor! e-series, allows PTC's customers to proceed with confidence as they employ the Internet to realize the benefits of B2B commerce and Internet marketplace agility in the electronics industry. "The extended breadth of our CPC solutions brings electronic suppliers and their customers closer to realizing the full potential of supply chain business-to-business e-commerce," said C. Richard Harrison, president and CEO of PTC.
About PTC's Web-based Collaboration Solutions
Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.
About PTC
PTC (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, develops, markets, 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. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. 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 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 our ability to successfully integrate the Nitidus technology and personnel into our products and organization and the success of the RosettaNet standard in the marketplace, along with the risks and uncertainties that 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, Pro/ENGINEER 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.