13 December 2010

Siemens PLM Software Receives Frost & Sullivan's 2010 Customer Value Enhancement for the Automotive Industry Award

GURGAON, India, December 13, 2010 – Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that it has received Frost & Sullivan’s 2010 Customer Value Enhancement for the Automotive Industry award. This award is presented each year to the company that implements strategies to proactively create value for its customers with a focus on improving the return on the investment. The award recognizes the company’s focus on enhancing the value that its customers receive, beyond the good customer service metrics, leading to improved customer retention and ultimately an increased customer base.

“Based on the findings of our Best Practices Research, we are proud to present the 2010 Customer Value Enhancement for the Automotive Industry Award, to Siemens PLM Software,” said Anand Rangachary, managing director, Frost & Sullivan, South Asia, Middle East and North Africa. “Some of the criteria used by Frost & Sullivan while determining the winner of the award included expansion of customer base, customization of products to suit industry requirements, ability to grow in a competitive market, launching unique products responding to customer need and unique services to improve the overall customer ownership experience.”

“This is a prestigious recognition of Siemens PLM Software’s accomplishments in addressing the requirements of the automotive industry,” said Suman Bose, managing director India, Siemens PLM Software. “The award bears testimony to our role in enabling shorter product lifecycles, variant management and flexible production, allowing for a fast reaction to new market demands. Whether it is making tradeoffs early in the process to determine the right design direction, or understanding the impact of proposed changes as the product matures and is produced, Siemens PLM Software solutions help customers to have the right information to make the best possible decisions throughout the lifecycle.”

The award citation states that the automotive industry has evolved from being CAD-centric to utilizing advanced features such as product data management and manufacturing simulation. Siemens PLM Software’s suite encompassing NX™ software for digital product development, Teamcenter® software for digital lifecycle management, Tecnomatix® software for digital manufacturing provides the Indian automotive industry with comprehensive PLM solutions. The modularity of the solutions has made it even more convenient for the industry to select applications based on specific requirements.

“With such dedicated industry specific solutions, Siemens PLM Software has truly demonstrated its commitment to its customers’ success and has helped Indian automotive companies to achieve their goals,” added Rangachary.

Siemens PLM Software’s industry-leading technology is used by automakers and suppliers to collaborate, plan, design and validate the development and manufacturing engineering of vehicles. The tools satisfy the critical needs of leading automakers for managing collaboration across complex engineering functions and throughout the extended supply chain. By breaking down barriers between engineering functions, providing real-time access to information, and performing analysis and simulation, Siemens PLM Software has helped automakers achieve double-digit efficiency improvements. More information about Siemens PLM Software’s automotive solutions is available here.

About Frost & Sullivan

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About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 6.7 million licensed seats and more than 69,500 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies to deliver open solutions that help them turn more ideas into successful products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About the Siemens Industry Automation Division

Siemens Industry Automation Division (Nuremberg, Germany) is a worldwide leader in the fields of automation systems, industrial controls and industrial software. Its portfolio ranges from standard products for the manufacturing and process industries to solutions for whole industrial sectors that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services. With around 33,000 employees worldwide (September 30), Siemens Industry Automation achieved sales of €6.2 billion in fiscal year 2010. www.siemens.com/industryautomation