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Oracle and PTC Announce Strategic Partnership and Deliver a Powerful Collaborative Product Development SolutionIndustry Leaders Join Forces to Provide Exchange Solutions That Streamline Collaborative Product Development of Highly Engineered PartsREDWOOD SHORES, Calif., and WALTHAM, Mass., Oct. 16 -- Oracle Corporation (Nasdaq: ORCL - news), the largest provider of software for e-business, and PTC (Nasdaq: PMTC - news), a leading provider of Internet solutions for manufacturing product development, announced today that they have joined forces to deliver an integrated collaborative product commerce (CPC) solution. Now available, Oracle® Product Development Exchange leverages Internet technologies to unlock the enormous potential for streamlining the product development process. PTC's Windchill for Oracle Product Development Exchange package complements Oracle Product Development Exchange with Internet-based design and engineering management solutions to support the collaborative design of highly engineered products. The combined Oracle and PTC solution enables manufacturers to be more competitive by leveraging the technologies and expertise of their business partners through outsourcing of design, development, and production activities.Windchill for Oracle Product Development Exchange handles upstream, work- in-process engineering activities for Oracle Product Development Exchange users with sophisticated engineering tools: CAD data management, 3D visualization and markup, digital mockup and the InPart content library, a comprehensive mechanical parts catalog. This new Web-based CPC solution will be hosted on the Oracle Exchange platform to interface seamlessly with and add value to Oracle Product Development Exchange, as well as the Oracle Exchange Marketplace and Oracle Supply Chain Exchange. The combined CPC solution from PTC and Oracle addresses the broad e- business opportunity to integrate collaborative development and direct procurement of both commodity and design-to-order products. ``Exchanges that are focused solely on simple buy/sell transaction services for commodity goods offer a limited proposition,'' commented Aberdeen Research Director, Jack Maynard. ``The combination of Oracle Product Development Exchange and Windchill for Oracle Product Development Exchange gives exchanges the opportunity to move to the next step and competitively differentiate themselves by providing value-added collaborative product development services.'' ``The joint Oracle and PTC solution will allow companies to collaborate effectively with their ever-growing team of globally and organizationally distributed customers, suppliers, and business partners,'' said Anthony P. DiBona, executive vice president of Global Business Partnerships for PTC. ``Companies that effectively manage their distributed 'design chains' are better positioned to quickly and profitably build and deliver the innovative products and services that satisfy their customers' demands.'' ``Oracle's new Product Development Exchange solution, combined with the engineering management capabilities of Windchill for Oracle Product Development Exchange, provides the manufacturing industry with a deep collaborative product development solution that complements Oracle's current enterprise and exchange offerings,'' said Ron Wohl, executive vice president, Applications Development, Oracle Corp. ``The result is a powerful joint solution that shares a single, consistent, Oracle-based architecture and addresses the full range of B2B processes related to supply chain management, collaborative product development and global procurement.'' The strategic agreement between Oracle and PTC, which spans product integration as well as joint sales and marketing, will enable the two companies to provide the most comprehensive solution for enterprises and private and public exchanges within the manufacturing industry. About Oracle Oracle Corporation provides the software that powers the Internet. For more information about Oracle, please call Oracle Public Relations at 650/506-4176. About PTC PTC, founded in 1985 and headquartered in Waltham, Mass., USA, (Parametric Technology Corporation) 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. 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 the ability of PTC and Oracle to anticipate and adequately respond to evolving customer requirements; successfully develop and integrate the technology necessary to create enterprises, exchanges, portals, and other forms of Net marketplaces; 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 and Oracle 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. Editorial Contact: Reema Bahnasy OracleMobile 415/401-4000 jmorgan@tenthdimension.com top of page |
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