USA: PTC Buys Aptavis, Grows PLM For Retail, Apparel Firms
The Product Development Company is to acquire Aptavis Technologies Corporation in a move that will solidify its position in product lifecycle management (PLM) for the 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 require a specialised solution to meet the unique requirements of their industry," said Jim Heppelmann, executive vice president and chief product officer of PTC.
"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."
PTC's solution for this market allows customers to manage the process of developing merchandise across a complex global value chain and has already been adopted by leading brands such as Fila, Lands' End, Limited Brands, Liz Claiborne Inc, Lost Arrow, Nike Apparel, Redcats, Reebok, and Sara Lee.
The Aptavis solution, powered by Windchill, has been solely distributed by PTC since 2002.
Textiles and clothing make up Thailand's largest manufacturing industry, with more than 4,500 factories employing over one million people. The sector accounts for approximately 20 per cent of total em...
Nike Inc, the world's biggest athletic-shoe maker, said fourth-quarter earnings rose 15 percent, encouraged by sales of high- priced Air Jordan and Shox sneakers....
Shoe chain Payless ShoeSource Inc has secured Matthew Rubel, a former executive of sportswear giant Nike Inc, as its new chief executive officer from July onwards....
Men's and women's apparel company Perry Ellis International Inc has named Al Derago senior vice president of the Nike swim division, effective today....
Colombia clothing chain Ensenada has opened two stores under the US giant Liz Claiborne's banner in the Colombian capital Bogota, and industrial centre Medellin. ...
Sportswear giant Nike Inc has warned football club Manchester United that it may pull out of their £303 million sponsorship deal if the club doesn't improve its performance....
Fashion apparel and accessories company Liz Claiborne Inc has made a number of senior leadership appointments and organisational changes in line with its growth strategies....
Clothing and apparel company Liz Claiborne said first-quarter earnings grew 4 per cent after the company made better-than-predicted sales on its diversification strategy....
- 2014: Year in review - Sourcing winners and losers
- 2014: Year in review - Brand winners and losers
- 2014: Year in review - Retail winners and losers
- Bangladesh: Raising the bar on apparel exports?
- Bangladesh: The business benefits of compliance
- Report urges overhaul of Cambodia factory safety
- Bangladesh factory improvements “will take years”
- Bangladesh knitting worker killed by faulty lift
- North Face debuts locally-grown "backyard" hoodie
- Tommy Hilfiger launches solar-powered jacket