PTC and TIBCO Software Announce Global Strategic Alliance to Provide Tight Integration Between Enterprise Systems and PTC's Next Generation of Product Lifecycle Management Solutions

PTC and TIBCO to Jointly Develop and Market Solutions to Increase Business Efficiencies and Cost Savings for Customers

NEEDHAM, Mass. and PALO ALTO, Calif., Feb. 11 -- PTC(R) (Nasdaq: PMTC), The Product Development Company(TM), and TIBCO Software Inc. (Nasdaq: TIBX), today announced a global strategic alliance in which TIBCO Software will be the preferred provider of pre-packaged business integration solutions for PTC's industry-leading line of Product Lifecycle Management (PLM) solutions, based on Windchill(R) technology. TIBCO's products will serve as the integration platform to link PTC's solutions with enterprise systems. The joint solution will provide increased cost savings and scalability, and improved time-to-market advantages for customers.

AMR Research, a Boston-based market analyst firm, reports "PTC is partnering with TIBCO for direct, prebuilt integration links from Windchill to Enterprise Resource Planning (ERP) systems from SAP, Oracle, and J.D. Edwards ... The meaningful progress here is in PTC's continued movement toward a wider understanding of Product Lifecycle Management (PLM) ... Integration is the first step, and TIBCO is all about integration." (1)

The joint solution optimizes and automates business processes and streamlines operational efficiencies by facilitating two-way communication between PTC's Windchill technology and other business systems. This closed loop integration allows a company to send an engineering bill of material, with all its rich product data, into the production environment for manufacturing and distribution activities. At the same time, manufacturing and cost information is made visible to Engineering and Product Development to make better product design decisions which reduce cost and result in faster time-to-market.

The key aspects of the agreement include: PTC will embed and OEM TIBCO technology to provide pre-packaged and fully supported end-to-end business integration for its industry-leading line of PLM solutions. TIBCO's industry-leading TIBCO ActiveEnterprise(TM) products will serve as an integration platform that links PTC's solutions with customers' Enterprise Resource Planning (ERP) systems, such as SAP R/3, Oracle Manufacturing, JD Edwards and PeopleSoft, supplementing its Info*Engine technology. PTC's Info*Engine will serve as a portal for external access to Windchill and TIBCO will focus on integration to commercially available enterprise systems.

PTC and TIBCO are actively engaged in joint marketing strategies to a broad range of vertical markets. PTC and TIBCO will work with key Solutions Integrators (SIs), such as Accenture, Deloitte and KPMG, to deploy the new solutions to customers across the globe.

"Based on speed, reliability, and ease of integration, TIBCO's enterprise application integration technology was an excellent choice for PTC to implement as an integration backbone for our new generation of Product Lifecycle Management solutions," said James Heppelmann, executive vice president software solutions and chief technology officer at PTC. "By teaming with TIBCO, PTC can focus on its core competency -- product development -- while leveraging TIBCO's integration solutions to deliver efficiencies in design and manufacturing processes for our customers, efficiencies that will reduce design time and help bring better products to market more quickly."

"This relationship is a significant 'win-win' for all parties involved, especially the customers," said Raj Mashruwala, executive vice president of marketing and engineering for TIBCO Software. "To survive in today's market, companies must respond to the challenges of providing an integrated view of product data across life cycles and value chains. Product Lifecycle Management will dramatically change the way products are developed, built and serviced and PTC is leading this revolution. Leveraging TIBCO's leading real- time business integration solutions, PTC will be able to offer customers an out-of-the-box, high return on investment solution."

About PTC

PTC (Nasdaq: PMTC) develops, markets, and supports software solutions and services that help manufacturers get superior products to market before their competitors. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. 

www.ptc.com.

About TIBCO Software Inc.

TIBCO Software Inc. (Nasdaq: TIBX) is a leading provider of total business integration solutions delivering infrastructure software that enables businesses to seamlessly integrate business systems in real-time. TIBCO technology was first used to digitize Wall Street and has since been adopted in diverse industries including financial services, telecommunications, electronic commerce, transportation, logistics, manufacturing and energy. TIBCO's global customer base includes more than 1,300 customers such as Cisco Systems, Yahoo!, NEC, Enron, Sun Microsystems, GE Capital, The Limited, Delta Air Lines, Philips, AT&T and Pirelli. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 

www.tibco.com.

(1) From AMR Research Alert: "PDM+ERP=PLM: TIBCO and PTC Join to Make This a Little Easier," Kevin O'Marah, February 8, 2002

 

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