PTC Expands Strategy and Offerings to the Electronics Industry through the Acquisition of OHIO Design Automation, Inc.
Acquisition Deepens PTC's Commitment to Product Lifecycle Management for Electronics
As part of the acquisition, PTC will retain all OHIO-DA employees. John Lane, President and CEO of OHIO-DA, will become a Senior Vice President for PTC and will report to James Heppelmann, PTC's Chief Product Officer.
OHIO-DA's flagship and patent-pending product is InterComm(tm), a leading electronic design verification, visualization and collaboration product in use in over 400 companies throughout more than 20 countries. InterComm is a powerful, yet easy-to-use software solution that gives engineers, manufacturers and customers simple access to complex design data created in leading Electronic Design Automation (EDA) tools, including those provided by Cadence Design Systems, Mentor Graphics, Zuken and other EDA vendors.
"This strategic acquisition furthers PTC's commitment to the high-tech and electronics industries by enabling us to help manufacturers address the growing challenges posed by the proliferation of electronic components within their products," said C. Richard Harrison, President and Chief Executive Officer of PTC. "Manufacturers are currently trying to juggle disparate mechanical and electronic design processes and systems while at the same time facing pressure to bring higher quality products to market faster. Our new combined offering will enable us to provide tremendous value to customers who want an integrated solution to help address these growing challenges."
PTC's acquisition of this open standard for EDA visualization and collaboration gives PTC a highly differentiated solution. The integration of InterComm with PTC's Windchill® PLM solutions will allow companies to manage EDA design data across the enterprise, enabling concurrent design across an increasingly outsourced and geographically disparate design chain.
PTC currently serves nearly 3,000 high technology and electronics companies in multiple industries, including hardware, consumer electronics, peripherals, telecommunications equipment, semiconductors, government and military electronics, semiconductor equipment, and automotive and industrial electronics. PTC's Windchill PLM customers in these segments include EMC, Harris, HP, Iomega, LG Electronics, NEC, Novellus, Samsung, Seiko Epson, and Unisys.
"With electronics now appearing in nearly every new product across most industries, the need for effective, integrated design and management of mechanical and electronic components has become critical. However, to date leading PLM vendors have not adequately addressed the needs of electronic design," states Ken Amann, Director of Research, at CIMdata. "PLM grew out of the mechanical design world and historically provided very limited support of electronics design. For electronics companies, EDA data drives their product differentiation and for many companies in other industries, electronics has become an essential component of their products. PTC's investment in support of electronic design as part of a complete product definition environment is a strong step forward and represents a significant event for companies in all industries."
"OHIO-DA's deep expertise and industry-leading technology will enable PTC to deliver breakthrough product lifecycle management solutions for the electronics industry," said James Heppelmann. "It is very important to us and to our customers that we preserve OHIO-DA's open, neutral approach to all major EDA software vendors. Furthermore, we intend to continue to make the technology available to other PLM partners."
"Unisys is extremely pleased about the acquisition of OHIO-DA by PTC," says Tim Saja, Windchill Program Manager, Unisys. "OHIO-DA and PTC are two important partners in our enterprise PLM initiative, and we are excited that they are working together to help us deliver high quality, low cost electronic products. When top notch vendors join forces it makes for a better end user experience and my life easier."
"This is a great win for OHIO-DA customers," says John Lane. "Our existing customers have found that they can reduce design time by a third as a result of using our products. We believe the combined PTC-OHIO-DA solution will dramatically improve the electronic design process, and our entire organization looks forward to joining the PTC family."
OHIO-DA's products will be immediately available for sale by PTC. In addition, PTC plans to provide InterComm as an integral module of PTC's Windchill PLM solutions.
PTC (Nasdaq: PMTC) ist ein führender Anbieter von Softwarelösungen für das Product Lifecycle Management (PLM), Content Management und Dynamic Enterprise Publishing und betreut weltweit mehr als 50.000 Unternehmen. Zu den Kunden von PTC zählen die weltweit innovativsten Unternehmen in Fertigungsindustrie, Verlagswesen, Finanzdienstleistung, Pharma- und Biotechnologie sowie Verwaltung und öffentliche Hand. PTC ist in den Aktienindizes S&P Midcap 400 und Russell 2000 und gelistet. Weltweit hat PTC knapp 5.000 Mitarbeitern. Im Geschäftsjahr 2007 (per Sept. 2007) erwirtschaftete der PLM-Anbieter einen Umsatz von 942 Millionen US-Dollar, für das Geschäftsjahr 2008 liegt das Umsatzziel bei 1,07 Milliarden US-Dollar. Weitere Informationen über PTC unter www.ptc.com.