PTC Strengthens Commitment To Retail, Footwear And Apparel Industry
6 June 2005 | News | Source: PTC
ORLANDO, FL – June 6, 2005 – At the 2005 PTC/USER World conference in Orlando, PTC (Nasdaq: PMTC), the Product Development Company™, today announced it has solidified its leadership position in product lifecycle management (PLM) for the Retail, Footwear and Apparel industry by signing a definitive agreement to acquire Aptavis Technologies Corporation, a solution provider dedicated to delivering industry-specific Windchill-based technology and expertise to some of the world’s most innovative consumer brands.
“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. PTC’s solution for this market has been adopted by leading brands such as Fila, Lands’ End, Limited Brands, Liz Claiborne Inc., Lost Arrow, Nike Apparel, Redcats, Reebok, and Sara Lee.
“Our business environment is changing dramatically, and we are adopting aggressive strategies and infrastructure changes to drive future growth,” said John Sullivan, senior vice president, sourcing, service and systems of Liz Claiborne Inc. “Our product development processes and technology infrastructure, including PLM, are an integral part of accomplishing our goals. PTC’s approach to solving global product development challenges, and the specific capabilities of its Retail, Footwear and Apparel solution, are well aligned with our vision for business transformation.”
The PTC Retail, Footwear and Apparel solution allows customers to manage the process of developing merchandise across a complex global value chain through:
- Seasonal calendaring management
- Line board management
- Product specifications management
- Materials management
- Color management
- Sourcing, costing and quality control
- Vendor collaboration
The Aptavis solution, powered by Windchill, has been solely distributed by PTC since 2002. PTC expects it will continue to strengthen its position as a leading PLM solutions provider to the Retail, Footwear and Apparel industry with this fully integrated offering.
Aptavis is a private company based in Nashua, New Hampshire. The acquisition is expected to close by the end of June, 2005. Financial terms of the acquisition were not disclosed.
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