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PTC agrees to buy solution provider Aptavis Technologies

07
Jun '05
Retail, Footwear and Apparel industry The Product Development Company (PTC) entered agreement to acquire Aptavis Technologies Corporation, a solution provider dedicated to delivearing industry-specific Windchill-based technology and expertise to some of the world's most innovative consumer brands.

PTC Strengthens Commitment To Retail, Footwear And Apparel Industry.

“One of PTC's growth strategies is to extend our solutions to vertical industries beyond the core discreet manufacturing verticals traditionally served by PTC,” said C. Richard Harrison, president and chief executive officer of PTC. “With this acquisition, we will strengthen our offering for this industry, which is adopting PLM technology rapidly.”

“Retail, Footwear and Apparel companies operate in a highly distributed, competitive environment and therefore share some common business challenges with discrete manufacturing companies,” said Jim Heppelmann, executive vice president and chief product officer of PTC.

“However, Retail, Footwear and Apparel companies require a specialized solution to meet the unique requirements of their industry. Several point solutions have emerged, but these offerings lack the power and scalability of the Windchill platform. The Windchill-based solution from Aptavis is a natural fit as we make true enterprise PLM a reality for the first time in this industry.”

Retail, Footwear and Apparel companies face constant pressure to compete with new entrants in emerging regional markets, bring more products to market globally, with increased speed and quality. This has led to recent growth in their adoption of PLM solutions.


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